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House Price Crash Forum

Flash

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Everything posted by Flash

  1. Exactly. The English can then support every one of the above and be happy if they win. The rest can support anyone playing England and be happy if they lose. It works well. Bless our cultural differences.....
  2. Just experience. Of course, I can't provide evidence of that experience, but there are plenty of history books out there. Again, my experience is somewhat different. Most will form an opinion of you as soon as you've opened your mouth.
  3. What makes London (IMHO) one of the world's greatest cities is its cultural diversity. People come from all over to live there and call themselves "Londoners".
  4. When nationalists talk about what is best for their country, they generally mean those countrymen that are white, christian and have the right accent. Does your average Scottish or Welsh nationalist really give a toss about a Pakistani that's been living in Glasgow or Swansea for the last ten years, that pays his taxes and sends his kids to school there? I doubt it. Nationalists are generally flawed individuals who think that nationality is more important than personality or talent. I feel the same way about Little Englanders, as I do Welsh, Scottish and Irish nationalists. Most people that
  5. That is so true. I always steer clear of house price discussions now. You can't win an argument with an ignorant person. All these people understand are soundbytes. They don't even have a basic knowledge of finance. I know BTL "investors" here in Ireland that don't even know what a rental yield is. If you wish to argue with them, you have to talk in soundbytes too unfortunately. i.e. if someone says "Rent is dead money", just reply with "..and so is interest."...and so on. But as I say, I don't argue anymore. It's all too tedious. I doubt anyone will approach you in a few months time and say
  6. Interest rates this year will easily hit 4% - double where they were just over a year ago. Debt servicing costs are going through the roof and the public sector unions will demanding big pay rises. Indebted business that are struggling to retain operating margins are attempting to pass costs on customers, hence the 9.1% service inflation. It doesn't look good, and there is no easy way out. Economic growth could well grind to a halt as more foreign investors get spooked about the cost of doing business here.
  7. How well do you know Dublin exactly?
  8. It isn't if you were mortgaged to the hilt when rates were 2% just one year ago. Do the math. That's why Dublin prices are falling.
  9. Telecoms in Ireland is a joke. http://www.siliconrepublic.com/news/news.n...ryid=single7198
  10. The text below has popped up on a couple of other boards. It seems to describe pretty well what is happening here. ******************************************************************************** One small step for rates….one giant leap for repayments Why some buyers have seen housing costs rise nearly 50% in the past year. The housing market is stalling. Anecdotal evidence suggests that houses are taking longer to sell than this time last year and the number of For Sale boards is increasing. So what’s happening? Shouldn’t the combination of a booming economy, full employment, SSIA spendin
  11. I guess you need to be here in Dublin to appreciate how surreal this place is when it comes to property - Amateurs with zero business acumen and Euro signs in their eyes are becoming obscenely rich with no effort whatsoever. It is truly bizarre beyond words. I found the video hilarious because I KNOW that some here WILL be sucked in by it and will be chomping at the bit to get on board regardless of how much it costs.
  12. Well if you believe the giraffe only zoo, surely the bit about flooding during the rainy season (all year round) might have you wondering? Second thoughts. If you believe it, why not register? I want to find out what happens if you do.
  13. Absolutely fantastic! That had me for a while. I could watch that over and over. The wierd thing is, there's an on-line registration form?!? That's bound to suck a few muppets in. What are they going to do with that info?
  14. This is not a joke - it is from today's Irish Times property porn supplement. I stopped finding this stuff funny a long time ago, now I just despair. Is there anywhere else in the world where the investment case is this ridiculous? Link
  15. From Post #10 The thing that leaps out is the use of the word 'hope' twice in the same sentence. Only an inexperienced amateur would offer advice like that. As the market begins to turn, the amateurs will just hang on 'hoping' that the things will improve, whereas the professionals understand when to cut and run.
  16. Have you listened to any sports pundits in Ireland over the last two weeks? There's not much peace and love towards the English at the moment.
  17. Let keep this thread going. This is out from Goodbody Stockbrokers this morning. The Credit Unions are in trouble with the Regulator. It seems they've been lax with their lending criteria and have mounting bad debts.... For those of you not familiar with Credit Unions, they are prevalent throughout Ireland and almost every major town has one. Even I'm shocked that this has happened already. I didn't think we would hear news like this until next year, when interest rates have really started to bite. Perhaps things are even worse that most of us have imagined.
  18. You have to feel sorry for her, having to relinquish her god given right to be a landlady. It could be worse. She could be a tenant that has no property assets to sell because they've been priced out of the property market. And that brings me to my main questions: What does her balance sheet actually look like? Does the total asset value not cover the liabilities or is her problem that she's simply overstretched on cashflow? Is she really up sh1t creek or she just another attention seeking drama queen with no real problems at all compared to some people in this world? I simply don't kn
  19. This does not surprise me - a classic emotional response. It is a similar story in the stock market. Many private punters just hang on to loss making trades hoping that their investment will bounce back and in the meantime it just falls lower and lower. It is important with any investment to divorce yourself from emotion and be prepared to admit when you've got it wrong. It's actually a silly question because it assumes a fall has already happened without stating to what degree or time period it applies. I suggest they insert the word "about", so it would read "If house prices were ABOUT to f
  20. Yes. If you have some development plans simply meet your local councillor for drink and discuss the matter. In most cases you'll find him very accommodative and you'll almost certainly get what you want. Oh, I nearly forgot, don't forget to bring a rolled-up newspaper containing a stuffed brown envelope and leave it on the bar on your way out.
  21. The Germans are feeling confident, watch out Ireland and Spain. What if they win the World Cup? European Bonds May Drop on Expectations ECB to Raise Rates More Than Twice June 28 (Bloomberg) -- European two-year government bonds may extend their longest losing streak since November on speculation the European Central Bank will raise interest rates more than twice this year. Traders have lifted bets the ECB will act, helping push two- year yields to the highest in almost four years this week, as reports showed German investor confidence rose to a 15-year high and ECB policy makers said th
  22. What's the prize, a gold-plated rear view mirror?
  23. 'Smart Money' also understands liquidity. There is a huge risk leveraging yourself in an asset that you cannot sell in a bear market. I would rather own the shares of a property developer than hold property directly. So dogbox, did you ever by into that German property play, Speymill? I topped up recently.
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