tag:blogger.com,1999:blog-35770042.post9000283362238958056..comments2023-12-28T05:09:46.498+00:00Comments on Skin Flicks: Living in denial - The property bubbleUnknownnoreply@blogger.comBlogger15125tag:blogger.com,1999:blog-35770042.post-83638750542569073052013-07-07T10:53:18.311+01:002013-07-07T10:53:18.311+01:00And look at what has now happened over last few ye...And look at what has now happened over last few years - double dip recession, now possibly a triple dip recession, housing crisis in many countries, job loses, homelessness.....and not much signs of it getting better. <br /><br /><a href="http://www.whathouse.co.uk" rel="nofollow">what house</a>WhatHouse.co.ukhttps://www.blogger.com/profile/16671244233563417811noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-1634490946946981882007-02-08T08:48:00.000+00:002007-02-08T08:48:00.000+00:00Ahhh - Thanks JC, but you will ruin your bad boy i...Ahhh - Thanks JC, but you will ruin your bad boy image by giving compliments.Flirty Somethinghttps://www.blogger.com/profile/18327184509029301288noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-49393189653066956802007-02-07T13:23:00.000+00:002007-02-07T13:23:00.000+00:00Yeh, I tried that. But they threw me out of the cl...Yeh, I tried that. But they threw me out of the class for smacking the elastic limbed hippy who was taking it.<br />You're single and you're witty, Flirty. I'd happily meet you under Cleary's Clock in ten minutes, only Mrs Skinner would prpbably be waiting for me on top of the GPO with a sniper rifle!JC Skinnerhttps://www.blogger.com/profile/07591722111393071007noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-17902966430084984822007-02-07T13:02:00.000+00:002007-02-07T13:02:00.000+00:00Ok - lets meet under the clock at Clearys in 10 ye...Ok - lets meet under the clock at Clearys in 10 years time ( assuming it is not an apartment block by then ) and we can see who is right. Have you considered Yoga to deal with your anger issues ?Flirty Somethinghttps://www.blogger.com/profile/18327184509029301288noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-31706979152487120172007-02-07T12:51:00.000+00:002007-02-07T12:51:00.000+00:00When Northern Ireland is being described as the 'p...When Northern Ireland is being described as the 'powerhouse of Europe', you know that vested interests are getting desperate!<br />The Ulster boom is due in no small part to canny investors moving out of the exhausted Southern market in the past 18 months.<br />Hence the highest rises in Newry and Belfast waterfront.<br />But like all bubbles, it will pop too, not long after the Southern market does.<br />But for those of us with Northern houses, there's a little time yet before bailing.<br />No such luck for those in the 26 counties, however.JC Skinnerhttps://www.blogger.com/profile/07591722111393071007noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-44281989682951073562007-02-07T12:30:00.000+00:002007-02-07T12:30:00.000+00:00Now turn your pretty eyes Nort! http://news.bbc.c...Now turn your pretty eyes Nort! http://news.bbc.co.uk/1/hi/northern_ireland/6336209.stm<br />No surprise here as the global (western) bubble spreads its wings to the last area off cheap houses, (no more).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35770042.post-80063219490389254982007-02-07T12:24:00.000+00:002007-02-07T12:24:00.000+00:00Just to address some of the points you make, Flirt...Just to address some of the points you make, Flirty:<br />The NDP money is a Government promise based on predicted tax take. Our economy won't look half as pretty once the construction industry stops building 80K plus houses a year.<br />So tax take will be well down and I suspect that NDP will not be fulfilled.<br />Furthermore, previous promises by this government have proven to be nonsense - 10 billion for a primary care plan being my personal favourite.<br />And in that context, we may see a return to net emigration. Or at least a levelling off of immigration.<br />The census found 275,000 empty houses in Ireland. We have supply without demand already.<br />Your point about an inheritance generation is well made. All housing markets are cyclical and in the time frame you mention, prices will return to previous levels, but after adjusting for inflation, that's still a net loss.<br />I know McWilliams has been predicting a crash for years. I haven't been. But one is happening now.JC Skinnerhttps://www.blogger.com/profile/07591722111393071007noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-16817722158257479632007-02-07T12:15:00.000+00:002007-02-07T12:15:00.000+00:00I don't think I'm predicting, Flirty. It's happeni...I don't think I'm predicting, Flirty. It's happening now, as the Daftwatch figures indicate.<br />You don't like the Tokyo and London crash comparisons, any more than Anon liked the tulips. Fair enough.<br />So let's look at other European crashes in the past thirty years.<br />Holland 1985, down 50% on 1978 peak.<br />Finland 1995, down 46% on 89 peak.<br />Norway 1993, down 39% on 1987 peak.<br />Switzerland 2000, down 37% on 1990 peak.<br />New Zealand 1985, down 37% on 1980 peak.<br />Denmark 1982, down 36% on 1978 peak.<br />Sweden 1985, down 35% on 1979 peak.<br />House prices don't level off, Flirty. They crash.<br />but I agree with Bock and yourself that more affordable housing is not in itself a bad thing.JC Skinnerhttps://www.blogger.com/profile/07591722111393071007noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-39769178391818199212007-02-07T10:08:00.000+00:002007-02-07T10:08:00.000+00:00Some interesting points, however no one has been a...Some interesting points, however no one has been able to predict when a crash will happen except in hindsight. Not my area of expertise (although that doesn’t seem to stop anyone else blogging) but would suggest the following;<br /><br />The NDP will result in 70m being spent per day in Ireland for the next 7 years that is a huge amount of money in a very small system.<br /><br />Increasing influx of migrants will continue to fuel the demand for property and increase spend in the country.<br /><br />The inheritance generation due in the next 5 to 20 years will bring additional wealth e.g. a house that cost them nothing is now worth millions – even if there was a 30% crash.<br /><br />I agree the market did perhaps peak last year and some leveling is happening, however more realistic prices is not a crash. <br /><br />Japan and UK had very particular factors which resulted in a crash and you can not merely plaster that example onto Ireland, (as per McWilliams bizarre tall building analogy of which you maybe reading a bit too much)<br /><br />However, still a well presented argument. Keep up the angry work.Flirty Somethinghttps://www.blogger.com/profile/18327184509029301288noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-90005113932461297332007-02-06T22:42:00.000+00:002007-02-06T22:42:00.000+00:00People have been sold a load of bullshit by the pr...People have been sold a load of bullshit by the property supplements and gobshites like Duncan Stewart. <br /><br />The Dublin property market is a load of bollocks and yet people have mortgaged up to the hilt to purchase former Council shit-holes. <br /><br />I feel sorry for people who bought into the Dublin scam but at the same time I want the bubble to collapse so that my children can afford a house.Bock the Robberhttps://www.blogger.com/profile/06670303189589399025noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-62632621631200378442007-02-06T17:15:00.000+00:002007-02-06T17:15:00.000+00:00You can't raise a family in a home you default on ...You can't raise a family in a home you default on either, Anon.<br />You can of course try to raise a family in a poky apartment in the middle of nowhere you overpaid for that suddenly becomes worth 60% or less of your outstanding mortgage debt.<br />You'll be trying to raise your family there for a long, long time though, as you try to wait until you're out of negative equity.<br />The links I cite indicate a crash ALREADY occuring. I'm not predicting anything. It's happening now.<br />It's getting tedious that all the loopers who come post here do under the veil of anonymity.<br />Next time, give us an identity so we know who to laugh at.JC Skinnerhttps://www.blogger.com/profile/07591722111393071007noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-5255682140292467902007-02-06T16:41:00.000+00:002007-02-06T16:41:00.000+00:00In retort to the last dribble, advice is an open m...In retort to the last dribble, advice is an open market, take it or leave it! But you must be heavy in debt and afraid off the coming wave off property despair to make such a statement?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35770042.post-73855702738109710442007-02-06T16:23:00.000+00:002007-02-06T16:23:00.000+00:00There has never been a soft-landing in a bubble ma...There has never been a soft-landing in a bubble market. There wasn't one with Dutch tulips or South Sea stocks, <br /><br /><br />Could you raise a family in a tulip Mr. Whistleblower extraordinaire?<br /><br />Your analogies and your endless predictions are frankly quite boring and extremely amateurish.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35770042.post-82574469879142505982007-02-06T14:16:00.000+00:002007-02-06T14:16:00.000+00:00Indications on the Property Pin and elsewhere are ...Indications on the Property Pin and elsewhere are that the market peaked last summer at the latest.<br />In a crash, the first thing that happens is more and more properties stay on the market longer and longer.<br />Daftwatch proves that this has been happening for months now.<br />Then properties begin to lose value as vendors seek to make a quick sale.<br />Again Property Pin maintains a list of examples of this.<br />After that, there is a stampede as people realise prices are falling and seek to get out fast.<br />That's where America is now and where we'll be shortly.<br />Tell your Dad to get it on the market and rent now.JC Skinnerhttps://www.blogger.com/profile/07591722111393071007noreply@blogger.comtag:blogger.com,1999:blog-35770042.post-32588831741737126442007-02-06T13:47:00.000+00:002007-02-06T13:47:00.000+00:00I keep telling my dad to sell now and wait for a w...I keep telling my dad to sell now and wait for a while - he has plenty of options, but he's too set in his ways. He could make a feckin fortune right now for what amounts to a bog-standard council house. If he waits much longer, he'll end up losing out.Kavhttps://www.blogger.com/profile/09115958548299347779noreply@blogger.com