Scooter Posted March 6, 2006 Share Posted March 6, 2006 Just a thought/question, having read that the OECD bizarrely thinks Ireland's house prices will just plateau forever-is equity in highly valued Irish housing being used by Irish property investors in the UK to push up prices even further here? Quote Link to comment Share on other sites More sharing options...
AteMoose Posted March 6, 2006 Share Posted March 6, 2006 Just a thought/question, having read that the OECD bizarrely thinks Ireland's house prices will just plateau forever-is equity in highly valued Irish housing being used by Irish property investors in the UK to push up prices even further here? yes.... alot of the new developments in worcester appear to be funded my irish banks/investors.... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 6, 2006 Share Posted March 6, 2006 This is the old credit card trick. Just pass the debt from card to card and never pay off the balance. All you have to do is raise the credit limit in perpetuity. This is, in essence, Gordon's "economic miracle." Trouble comes when the creditors call in the loans. Quote Link to comment Share on other sites More sharing options...
Scooter Posted March 6, 2006 Author Share Posted March 6, 2006 This is the old credit card trick. Just pass the debt from card to card and never pay off the balance. All you have to do is raise the credit limit in perpetuity. This is, in essence, Gordon's "economic miracle." Trouble comes when the creditors call in the loans. So we will have fun whether Ireland or UK truly tanks first (if we think that either will happen)? Quote Link to comment Share on other sites More sharing options...
delboypass Posted March 6, 2006 Share Posted March 6, 2006 So we will have fun whether Ireland or UK truly tanks first (if we think that either will happen)? Irish land owners were selling in ireland for loads and then buying over priced UK land for less. Quote Link to comment Share on other sites More sharing options...
Flash Posted March 6, 2006 Share Posted March 6, 2006 Two words: Currency Risk. With the ECB now raising rates, one would expect sterling to fall over the next year if the BOE fail to follow suit. It is very dangerous now to be a leveraged Euro investor in the UK market. The way I see it, the UK housing market is now highly likely to fall, either in nominal terms if the BOE raises rates, or against other currencies if it doesn't. Quote Link to comment Share on other sites More sharing options...
undersupply Posted March 6, 2006 Share Posted March 6, 2006 So we will have fun whether Ireland or UK truly tanks first (if we think that either will happen)? My moneys on Ireland to tank first Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted March 6, 2006 Share Posted March 6, 2006 Can't imagine the impact is that great - GB population - 55+ milion - Ireland - less than 5.5 milion - and many of them in the relatively poor North. Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted March 6, 2006 Share Posted March 6, 2006 Can't imagine the impact is that great - GB population - 55+ milion - Ireland - less than 5.5 milion - and many of them in the relatively poor North. NI has a population of around 1.5m, and I'm sure it is actually one of the wealthier regions of the UK if you look at disposable incomes. Also, around 70% of people work for the govt in some shape or form. This gives good pay and excellent pension packages to a lot of people. Quote Link to comment Share on other sites More sharing options...
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