@IrishTimes headline ‘Brexit Blamed for fall in property prices’ epitomises its outlook. Most of us heartily applaud housing becoming a smidgen cheaper but IT’s target audience is the wealthy, which attracts highest advertising fees. @broadsheet_ie @VillageMagIRE @VoicesCassandra pic.twitter.com/Em0k9TAeKV
— Frank Armstrong (@frankarmstrong2) September 13, 2019
No.
It was the boogie.
Again.
Brexit blamed for fall in Dublin property prices (Irish Times)
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Rockin’ headline :-)
Some other headlines from yesterday for context
Breakingnews: “Residential property prices have risen 85% since 2013; Dublin by 94%”
RTE: “Property prices nationwide up 2.3%, Dublin prices slow”
Does tweeter Frank above not realise the only part of the Irish Times operation that is turning a profit is MyHome.ie, without which, the €1.5 million group loss in 2018 would have been far far worse. If property prices aren’t buoyant, then transactions will stall and that means MyHome.ie will have less listings which means less profit.
Well, falling houseprices are often a sign of concern not in and of themselves, but as they can be used as an indicator of the of possible downturns in the economy in general.
Of course, the tweeter was in such a hurry to make his silly and facile point, and to tag a load of online publications to witness this searing observation, that he probably didn’t stop to consider this.
But why would we listen to anything you say Rob, when you’re a proven establishment shill?
Indeed, you don’t have to – a simple google search will tell you that this is the case: https://www.economicshelp.org/blog/21636/housing/how-the-housing-market-affects-the-economy/
Always happy to help out those less well-informed than myself.
Ooh look at you mr popular
I just can’t control my feet
That’s it
I’m going to blame Brexit from now on
For everything
The leak in the ‘van
The state of my hair
The car crash
I’m even going to start putting it into Clients proposals and Court docs
Why isn’t there milk? Brexit
Why didn’t the bins go out? Brexit
Why is there an accomodation and housing crisis? Brexit
Why is the NCH over budget? Brexit
I’ve no clean shirts – Brexit
Tracker Scandal? Brexit
Why are some schools unsafe? Brexit
Cervical Smear Scandals? Brexit
Traffic Jams? Brexit
Max out the Credit Card – Brexit
RTÉ booboo-ology, yep Brexit
Take it away yerselves lads
But this headline is true – economic uncertainty affects the property market. For those of you that remember, a similar stagnation occurred globally (and in Ireland) following the 9/11 attacks – short, but significant. It’s not good for the economy, even if some benefit by selling before a downturn and buying within it. Much like high levels of consumer spending fuels a healthy economy even if you’re not in favour of materialistic consumerism. Think outside of your own personal ambitions.