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House Price Crash Forum

Daftwatch!


tara747

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HOLA441
Now 40,248.

It's going up quickly! 41,000 by election day anyone? Only a week to go, could be pushing 42,000 by then.

Didn't have to wait that long Tara...

It's now 43,224...!!

No, make that 43,253

Actually 43,283

Edited by pod
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HOLA448
Early finish on Friday!

All the EA's are now in the pub drinking guiness and smoking their cigs stood in pub entrances.

They're all away to drown their sorrows over P45s ya mean!

:lol:

I can't believe how quickly it's going up. I only went to a meeting and looked what happened!

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HOLA449
Guest grumpy-old-man
They're all away to drown their sorrows over P45s ya mean!

:lol:

I can't believe how quickly it's going up. I only went to a meeting and looked what happened!

this is very significant isn't it ?

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HOLA4411

Over at thepropertypin.com, they're saying that it might have been a glitch - even 40,696 is a significant gain over the last few days.

A nice quote - "the numbers are essentially meaningless at this stage - anything over 30,000 is a total sh1t storm". Sorry for the paraphrasing!

:lol:

It's the trend we need to watch!

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Now 41,008. I'd say a lot of sellers are waiting to put their houses on the market till after the general election tomorrow (thinking that stamp duty "reform" will save the day), the numbers will rocket from next week!!

IMHO.

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42,002

TD

PS - the head of the home page notes "110,725 properties online (1,572 in the last 24 hours)" - assuming this is therefore to include renting and commercial it may be interesting to see how those figures go...

Edited by The Dragon
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  • 2 weeks later...
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HOLA4420

Is it me, or do the "total for sale" and "for sale in Dublin City" graphs look like they're beginning to roll over?

Sellers giving up with market prospects as they are? Surely there's a point at which there's so much inventory out there that people chancing their arm with a quickprofit take will just think to themselves "oh what's the point" and not bother. Have we reached this stage in Ireland now I wonder, with between 6 and 7 months inventory on offer?

Edited by AvidFan
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  • 4 weeks later...
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HOLA4422

Alarm - The property VI's were hit by a straffing run today.

Government report says that 36% of Irish First Time Home Buyers in 2006 took out interest-only mortgages

http://www.finfacts.com/irelandbusinessnew...e_1010540.shtml

Irish construction firms registered a month-on-month decline in activity in June; Housing activity fell at record rate

http://www.finfacts.com/irelandbusinessnew...e_1010538.shtml

Debt slavery interview (first 15 minutes)

http://dynamic.rte.ie/av/209-2267515.smil [realplayer required]

Today FM (first 15 minutes)

http://www.radioireland.ie/lastword/972007-17.wmv [winamp, windows media player required]

Thousands in 'serious trouble' on home loans

http://www.independent.ie/national-news/th...ans-995610.html

Mitchell hits out at estate agents, lenders for housing market forecasts

http://www.belfasttelegraph.co.uk/breaking...icle2745735.ece

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HOLA4423
Mitchell hits out at estate agents, lenders for housing market forecasts

http://www.belfasttelegraph.co.uk/breaking...icle2745735.ece

Interesting to see those who'd been talking up the market starting to come in for some criticism for their part in convincing people to take crazy risks. Can't help but think we'll have no end of deserving scapegoats over here when our turn comes...

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HOLA4424
Alarm - The property VI's were hit by a straffing run today.

Government report says that 36% of Irish First Time Home Buyers in 2006 took out interest-only mortgages

http://www.finfacts.com/irelandbusinessnew...e_1010540.shtml

OUCH !!! let me see if I understand this correctly. If I take an IO mortgage and 5 years later my house doubles in value I sell it and make a handsome profit.

If I take an IO mortgage and the house price stagnates it is just like renting the house from a landlord : when I sell I get nothing back and all the payments I have made dissapear just like rent.

If I take an IO mortgage and the house price FALLS it is also just like renting the house from a landlord BUT : when I sell not only do I get nothing back for all my rent payments I also OWE the landlord money and cant move out until I have paid him.

Is that correct ?

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HOLA4425
Alarm - The property VI's were hit by a straffing run today.

Government report says that 36% of Irish First Time Home Buyers in 2006 took out interest-only mortgages

http://www.finfacts.com/irelandbusinessnew...e_1010540.shtml

actually thats wrong.

According to the report, 36% of first-time buyers last year took out 100% loans on their homes.

Last year, the Central Bank told Finfacts that it did not gather data on interest-only loans.

There are likely a lot of investors likely to be also exposed on interest-only loans as a number of banks were providing such terms to investors long before the practice exteded to residential loans.

so its 36 % with 100 per cent mortgages not IO loans,

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