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Ireland In A Housing Bubble

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Agree about the Irish bubble.

I am much more confident that ireland will crash before the UK.

Maybe its because the UK controls its interest rates.

Maybe its the 11 times salary multiples.

Maybe its that ireland has never had a crash.

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Ireland went from piss poor to a country where houses cost 9X income.

What happened?

Did they suddenly find huge oil and gas reserves?

Was it their financial services, the envy of the world?

No! it was joining the single currency with a negative discount rate.

It's still the same underneath!

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Is it worth buying an investment property in such a fast rising market? then get out when there is a slowdown?

No because its about to go pop anytime now and once it does it will soon spread to the UK

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Ireland went from piss poor to a country where houses cost 9X income.

What happened?

Did they suddenly find huge oil and gas reserves?

Was it their financial services, the envy of the world?

No! it was joining the single currency with a negative discount rate.

It's still the same underneath!

Very telling... ten or so years ago, lots of our PAs were Irish. Sad to see them go, but much more opportunity back home these days.

Lots of people from Zim have taken their place... wonder why?

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15%???

And the rest...

When the market rolls over, house prices will return to between 15 and 20 times their annual rental value.

Assuming current rental returns, that equals at least a 50% drop in prices.

If you think that's cr8p, remember Japan, Thailand etc...etc? They thought that they were immune too.

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15%???

And the rest...

When the market rolls over, house prices will return to between 15 and 20 times their annual rental value.

Assuming current rental returns, that equals at least a 50% drop in prices.

If you think that's cr8p, remember Japan, Thailand etc...etc? They thought that they were immune too.

Durrr. Its different this time... [insert this weeks bizzare theory]

Houses are now a market commodity like gold, copper, pork bellies, tulips :huh:

Edited by jp1

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And a lot of the paper "price rises" have been used to fund BTL investments in the UK (e.g., Northern Ireland). I'm thinking knock-on effects ......

Edited by karhu

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Durrr. Its different this time... [insert this weeks bizzare theory]

Houses are now a market commodity like gold, copper, pork bellies, tulips :huh:

Not as easy to buy and sell but....

Or put in a vase, or in your pocket or on your chicks finger or in your belly.

They are getting smaller though......

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Not as easy to buy and sell but....

Or put in a vase, or in your pocket or on your chicks finger or in your belly.

They are getting smaller though......

So after chopping of your chicks finger you`d put it into a pocket, then a vase, then eat it? My God man, what has this waiting for a HPC done to you? ....Turned me into Right Fred`s Dead obviously :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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