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I asked this a while back and got some v good advice. I was thinking about getting a mortgage and was advised by a lot of wise people on here to hold off for another 6 months to a year. BUT after today with Brian Lenihans SHOCKING bailout plan and AIBS proposed rate increase(s)and god knows what other skeletons that are about to be let loose is it plainly just a pointless excersise taking a mortgage out? Is renting a better and safer option or what? Thanks.
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property prices cant fall much further so theres great value to be had.
And exactly what is the reasoning behind a "prices cannot fall much further" statement?
Wait till the Moratorium's finish ML, carnage will follow.
We have a vey long way to go before we reach rock bottom. Don't buy now, they'll be offering 'buy one get one free' soon.
And never buy an apartment. People not paying their service charges and investors renting to anyone who'll pay the rent. Social time-bombs.
And never buy an apartment. People not paying their service charges and investors renting to anyone who'll pay the rent. Social time-bombs.
House prices are going to cotinue to fall. The country is **ked and i think we have not even started to see the worst of if yet. Nama is going to be an absolute shambles and i think alot of it will end up in the courts. Paying 50% discount is well and good but id say alot of the land they have took on is virtually worthless. I think anyone buying a house know needs their head examined.
still living at home at 32, was made permanent recently and was thinking it was the right time but my gut instinct tells me to wait .. i think!
somebody mentioned theres value out there now!
wont be saying that when theres 50k knocked off it by end of 2010.
sit tight at home or rent if u have to
wont be saying that when theres 50k knocked off it by end of 2010.
sit tight at home or rent if u have to
prices are still insane. multiply what annual rent it would achieve by 16 to get an economic value of the house. interest rates have only one way to go as well.
I'd be more worried about buying now & seeing prices continue to fall.
People eager to buy at rock bottom should instead wait til solid signs of growth & ensure they dont buy while prices continue to fall. (Imo)
People eager to buy at rock bottom should instead wait til solid signs of growth & ensure they dont buy while prices continue to fall. (Imo)
I'd be more worried about buying now & seeing prices continue to fall.
People eager to buy at rock bottom should instead wait til solid signs of growth & ensure they dont buy while prices continue to fall. (Imo)
Agree.... every one wants to buy/ sell at the optimum point in the curve for them top or bottom.... but until there is genuine signs of economic recovery we are not any where near rock bottom in house prices.... would prefer to see us on the way up (based on a solid economic basis) before I would even dream of investing in a property if I was the original poster...
People eager to buy at rock bottom should instead wait til solid signs of growth & ensure they dont buy while prices continue to fall. (Imo)
Agree.... every one wants to buy/ sell at the optimum point in the curve for them top or bottom.... but until there is genuine signs of economic recovery we are not any where near rock bottom in house prices.... would prefer to see us on the way up (based on a solid economic basis) before I would even dream of investing in a property if I was the original poster...
Prices i think will fall by about 30% at least. Anyone telling you different are estate agents. This nama shambles and the anglo shambles will cripple this country for the next ten years at least. Anyone buying a house now needs their head examined. Theres 300,000 vacant properties in ireland. So prices are only going one way and thats down.
Buy a house on its own grounds built 40-50 years ago. Pay cash for half and get mortgage for the rest and as long as you have secure employment in the area for the next 25 years.
mitch leary 30 Mar 21:52
property prices cant fall much further so theres great value to be had.
thats the best Iv ever seen/heard
property prices cant fall much further so theres great value to be had.
thats the best Iv ever seen/heard
I be waiting till NAMA gets to work, there be some firefly sales, so u could pick up a knocked down property in ur area, if any.
The global recovery is well under way and with oil touching $85, inflation will be a concern next yr.
Wer not far from the bottom, if ur going purchasing I be looking at what yield u could get if you were vacate it, if it works out at 4% u be doin okay
The global recovery is well under way and with oil touching $85, inflation will be a concern next yr.
Wer not far from the bottom, if ur going purchasing I be looking at what yield u could get if you were vacate it, if it works out at 4% u be doin okay
Wer not far from the bottom
We are so far away from the bottom its unreal.
We are so far away from the bottom its unreal.
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