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Undersupply - Did you notice the careful editing of the front page of the Irish Times today?

To temper the bad news headline of "ECB poised to raise interest rates...", above it in colour is a smiley happy picture of a young family, alongside which are the words "Property: Another bumper year for Dublin house prices".

So the good news trumps the bad news.

The front page of the Metro today has "Price of a first home up €26,500 in a year" on the front page. From the article:

"Niall O'Grady, a manager at Permanent TSB, said he expected further rises throughout next year...Those hoping for a crash so they could get into the market may be disappointed. "You will be waiting a long time. It might never happen".

Wow! What's going on ? Anyone would think interest rates were going up today! ;)

Edited by Flash

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Undersupply - Did you notice the careful editing of the front page of the Irish Times today?

To temper the bad news headline of "ECB poised to raise interest rates...", above it in colour is a smiley happy picture of a young family, alongside which are the words "Property: Another bumper year for Dublin house prices".

So the good news trumps the bad news.

The front page of the Metro today has "Price of a first home up €26,500 in a year" on the front page. From the article:

"Niall O'Grady, a manager at Permanent TSB, said he expected further rises throughout next year...Those hoping for a crash so they could get into the market may be disappointed. "You will be waiting a long time. It might never happen".

Wow! What going on ? Anyone would think interest rates were going up today! ;)

As someone who is half Irish I can confirm that there is no better race on earth when it comes to the 'blarney'.

Don't forget all the EU money that washes around Ireland. They're very good at getting their fair share.

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Undersupply - Did you notice the careful editing of the front page of the Irish Times today?

To temper the bad news headline of "ECB poised to raise interest rates...", above it in colour is a smiley happy picture of a young family, alongside which are the words "Property: Another bumper year for Dublin house prices".

So the good news trumps the bad news.

The front page of the Metro today has "Price of a first home up €26,500 in a year" on the front page. From the article:

"Niall O'Grady, a manager at Permanent TSB, said he expected further rises throughout next year...Those hoping for a crash so they could get into the market may be disappointed. "You will be waiting a long time. It might never happen".

Wow! What's going on ? Anyone would think interest rates were going up today! ;)

Just heard radio one at lunchtime with George Lee doing the Math on what it means for a first time buyer.

Even when the interest rates were 4.5% the average repayment was around 700 euro per month, now they are 1300 euro per month at 2%.

When the rates go up no amount of rhetoric can hide the fact that affordability will go down and FTB's will be priced out.

I expect Brian Cowen to try and counter this by increasing take home pay to keep the Ponzi scheme going for a little while more.

Eventually though the penny will drop!

You cant fool all of the people all of the time B)

Lee predicted another rise within 2 months!!

2006 is going to be an interesting year, methinks :lol:

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Even when the interest rates were 4.5% the average repayment was around 700 euro per month, now they are 1300 euro per month at 2%.

Ouch!!

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what would the average repayment be at 4 % now .

2000 euros ????

yeah going from 2% to 4.5% on a 25/40yr on a 250k mortgage adds about €700/mth. FTB mortgages are around 250k these days. It took ECB 25mths to cut from 4.5% to 2%. €70/mth will break some people here, never mind €700

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what would the average repayment be at 4 % now .

2000 euros ????

Just under 1600 i think :blink:

but thats using the mortgage calculator that is my head.

BTW this is the MAIN news story today on the irish news bulletins, explaining how it adds 30 euro a month to the average mortgage repayment.

There may be trouble ahead.... :unsure::unsure:

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yeah going from 2% to 4.5% on a 25/40yr on a 250k mortgage adds about €700/mth. FTB mortgages are around 250k these days. It took ECB 25mths to cut from 4.5% to 2%. €70/mth will break some people here, never mind €700

oops make that €350

;0

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On the day of the first ECB rate rise what happens to shares in AIB - the biggest lender in Ireland ?

They break out to new highs !! WTF ??

http://uk.finance.yahoo.com/q/bc?s=AIB.IR&t=1y

Really reminds me of the tech bubble. For a time both good news and what seemed like bad news drove some of the dodgy stocks upward. In full-bull mode almost everything was interpreted as "buy"

Edited by AssetIndigestion

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Just under 1600 i think :blink:

but thats using the mortgage calculator that is my head.

BTW this is the MAIN news story today on the irish news bulletins, explaining how it adds 30 euro a month to the average mortgage repayment.

There may be trouble ahead.... :unsure::unsure:

The average mortgage spans 25 years... of which only 8 have seen these sort of prices and say 3.... really high..

So, what does it do to the aveage current mortgage.??

that they havent told you..

£250,000/100 *.25

£625 a year

So not too bad.... not really...

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But Homer's a softy! Mr Cowen's pretty tough - and respected for it (in Tullamore anyhow) - I suspect that's why Paisley went off on one.

Edited by gruffydd

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The front page of the Metro today has "Price of a first home up €26,500 in a year" on the front page. From the article:

"Niall O'Grady, a manager at Permanent TSB, said he expected further rises throughout next year...Those hoping for a crash so they could get into the market may be disappointed. "You will be waiting a long time. It might never happen".

Wow, the VI's are really turning up the dial on the spinometer! If things are as rosy as they say they are it makes you wonder why they feel they have to rush out these denials all the time... :lol::lol::lol:

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Brian Cowan aka Biffo - Big Irish F****r From Offaly? no sorry, THAT'S RUDE - it's Big Ignorant Fellow From Offaly"

Ahem........

Big IGNORANT f@@ker from ofally

Its usually a given that irish people are from ireland, though with all those eastern europeans and africans, I can kinda see ure point :P

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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