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Ireland’S Prettiest Ghost Estate: Quaint £700,000 Thatched Cottages Sit Empty Because No One Can Afford Them

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Perhaps the fact that they started at an asking price of 820,000 euros (£700,000) each, when auctioneers say they are now worth just 200,000 euros (£175,000), is the reason they lie empty.

:)

No sh*t Sherlock?

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I like the way local demand they be knocked down physically rather than knocked down in price.

Because of course, if the prices were reduced, it would trash the value of their houses...

Given the amount of spare houses Ireland has, wouldn't it make sense for other EU countries to pay Ireland to take in the Migrants/Asylum seekers. Given that a large percentage of the cost of supporting asylum seekers etc is the rent on the big houses they need to house their families?

The Irish government could be really crafty, like taking them for €50k a head now, and then leaving future governments paying to support them. It would bring in a huge pile of much needed up-front cash.

1000 asylum seekers at €50k a head would be €5bn. How many empty homes do they have? How people in each family? They could easily house 100,000.... €100bn. Would go a long way to paying off the debts.

Edited by RufflesTheGuineaPig

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:lol:

Some of the local community are rather blunt in their assessment.

'Knock 'em down,' one resident told the Irish Times adding that he was surprised the developer built all 15 in one go.

'Funny he didn't just build one or two, sell them and then build some more.'

'Come back in a few years,' another resident says.

'They could be squats and you'd only get a few grand for them. I'll take 'em. I'll put some cattle in 'em or goats to eat the weeds!'

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But McCoy says his decision to apply to get tax break status for the holiday homes meant a four-month delay that in turn meant the development 'missed the market'.

He received a few offers but still not approaching 800,000 euros before demand 'just petered out'.

Limitless greed is the root to all evil.

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Ireland’s prettiest ghost estate: Quaint £700,000 thatched cottages sit empty because no one can afford them

Read more: http://www.dailymail.co.uk/news/article-2004295/Quaint-700k-thatched-cottages-sit-afford-them.html#ixzz1PSUZkTcr

700K???

'But McCoy says his decision to apply to get tax break status for the holiday homes meant a four-month delay that in turn meant the development 'missed the market'. '

yeah right. I'm sure if he'd only done it 4 months earlier he'd have been fine.... :rolleyes:

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http://www.dailymail.co.uk/news/article-2004295/Quaint-700k-thatched-cottages-sit-afford-them.html

Ireland’s prettiest ghost estate: Quaint £700,000 thatched cottages sit empty because no one can afford themBy Daily Mail Reporter
Last updated at 6:33 PM on 16th June 2011
Comments (66) Add to My Stories Share
While estate agents in England are selling an average of one home a week as the housing slump worsens, property developers in Ireland are also feeling the strain.
As its economy lies in tatters - the so-called Celtic Tiger now kept alive by an 85billion euro bailout - residents across the country have one reminder of the good old times.

We are the last man standing and surely can't keep going much longer. Merv can lower IR even more in the days ahead but the bond markets may hike the cost of money regardless.

Edited by Realistbear

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They are just a housing estate of the same type of building, what was the thought process behind the development, could they of not at least try to make the properties look individual, stagger the developments or suck like?

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They still look nicer than 99% of British Newbuilds. Would probably be better in 20 years time with the trees and foliage grown up.

Still, even on £700k, no garages - seems normal for irish homes to not have garages...

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They still look nicer than 99% of British Newbuilds. Would probably be better in 20 years time with the trees and foliage grown up.

Still, even on £700k, no garages - seems normal for irish homes to not have garages...

That's probably because garages are a total and utter waste of space.

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That's probably because garages are a total and utter waste of space.

In what sense? You get lower insurance, more storage, better security, more parking space (well, not with UK sized garages, but with proper garages)

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That's pure genius.

Think which type of property comands the highest premium (thatched cottages), and build an entire estate full of them.

Oh FFS!!! The Irish really did go nuts.

Isn't Ireland too wet for Thatch cottage? I know you get the odd thatched cottage in the North - Thornton-le-dale (just outside of York)

But the bulk are in the South - where its a bit drier.

Maybe the builders are not so daft - the thatch makes doing an insurance job pretty easy.

Imagine the first person to have a bbq - the whole lot will be alight before the first sausage is cooked.

What next - Tudor style high rise?

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Here's another one ... in China.

http://www.businessi...ish-town-2011-6

Welcome To The Bizarre Chinese Ghost Town That Looks Like It Was Plucked From The British Countryside

thames-town.jpg

Thames Town looks a lot like your average historic English village. There are lush green squares, classic brick homes, and even red telephone booths. But Thames Town is not nestled in the British countryside; it's located in the northeast corner of China in Songjiang, near Shanghai.

And it didn't grow gradually over hundreds of years; it sprang up in 2006 as part of Shanghai's "One City, Nine Town" initiative, an attempt to decentralize the city.

The city is a virtual ghost town, with empty shops and unused roads.

It's a popular destination for wedding photos, according to Racked, which has a great gallery of Chinese newlyweds posing in the medieval setting.

Blogger triplefivedrew, who visited Thames Town in 2010, likened the place to the set of The Truman Show.

He shared his collection of Thames Town photos on Flickr.

Click here to tour China's Thames Town >

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Oh FFS!!! The Irish really did go nuts.

Isn't Ireland too wet for Thatch cottage? I know you get the odd thatched cottage in the North - Thornton-le-dale (just outside of York)

But the bulk are in the South - where its a bit drier.

Maybe the builders are not so daft - the thatch makes doing an insurance job pretty easy.

Imagine the first person to have a bbq - the whole lot will be alight before the first sausage is cooked.

What next - Tudor style high rise?

http://www.buildingconservation.com/articles/thatchrf/thatchrf.htm

A common misconception with thatch is the idea that it absorbs large amounts of water. This is not the case at all. Water is transferred down the roof from stem to stem until it drops from the eave. The steep pitches associated with thatched roofs allow for water to be shed at a very fast rate. When designing for thatch, ample allowance should be made for the projection of the eaves and gables to project water clear of the building, and the ground should be well drained.

If it's been pitched properly would there be any issues?

Do we have any thatchers on here?

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Ireland’s prettiest ghost estate: Quaint £700,000 thatched cottages sit empty because no one can afford them

Read more: http://www.dailymail.co.uk/news/article-2004295/Quaint-700k-thatched-cottages-sit-afford-them.html#ixzz1PSUZkTcr

700K???

The Daily Mail just don't give up, do they?

Plenty of people can afford those houses. They're worth £200K and plenty of people could pay that.

What people can't afford is to bail out an overstretched developer who lives a a fantasy-price-world.

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they look nice.

£700k, though... to buy a place at that sort of price you have to be earning a good, well, £150k p.a.... how many people in Stradbally earn that kind of cash? I'd guess none, or else perhaps a small handful, most of whom probably, er, already have somewhere to live.

the way to go is a nice big auction. let the market decide what they're 'worth'. quite a lot of money, i daresay. just not nearly £750k :huh:

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I like the way local demand they be knocked down physically rather than knocked down in price.

Because of course, if the prices were reduced, it would trash the value of their houses...

Given the amount of spare houses Ireland has, wouldn't it make sense for other EU countries to pay Ireland to take in the Migrants/Asylum seekers. Given that a large percentage of the cost of supporting asylum seekers etc is the rent on the big houses they need to house their families?

The Irish government could be really crafty, like taking them for €50k a head now, and then leaving future governments paying to support them. It would bring in a huge pile of much needed up-front cash.

1000 asylum seekers at €50k a head would be €5bn. How many empty homes do they have? How people in each family? They could easily house 100,000.... €100bn. Would go a long way to paying off the debts.

£5bn - really? I thought £50,000 x 1000 would be £50 million... (on the basis that 1000x1000 is 1m, thus 5000x1000 is 5m, so x10 = 50m)

50m.. wouldn't even touch the sides would it? By my maths you'd need 10,000 asylum seekers paying 50k for 500m, thus 100,000 for 5bn.. or "East Anglia" as 100,000 asylum seekers might be better described!

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  • 277 Brexit, House prices and Summer 2020

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      • down 5% +
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      • up 5%



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