Thursday, Sep 28, 2006

Irish house price crash starting?

Irish Times: 70% unsold in washout week for auctions

Only seven of the 43 houses auctioned yesterday sold either under the hammer or immediately afterwards - an abysmal result that will force estate agents and vendors to reassess prices. Altogether, it's been a washout week in the auction rooms with over 70 per cent of properties failing to sell.

The reality is that the market has run out of steam..........

Posted by sean o'miadhain @ 12:50 PM (621 views)
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7 Comments

1. markd said...

The news from Ireland is indeed looking encouraging! So US, Australia and Ireland...must be a knock on effect on sentiment eventually one hopes...please let it be soon.

Friday, September 29, 2006 10:46AM Report Comment
 

2. House_prices_wont_crash said...

encouraging????????? what ru on about, get over the fact that house price will not crash. u cling onto the hope they will, but its not goin 2 happen!!
i bet this is all you talk about, and u bore the people around u who get on with life.
keep dreaming about a crash, thats a good way to take up your life, when really u should b living it in a house and excepting that u hav 2 pay 4 it.
1 week in an auction room doesent imeadiately determine the whole state of the ever rising market, wishfull thinking will get u no where 2 live.
US Australia and Ireland all have a different ecconomy to us, we are great britain, and we will stay great

Friday, September 29, 2006 03:46PM Report Comment
 

3. Bubbles. . . said...

Ok house prices wont crash this is my comment on things..........You are the worst example of the "stork" attitude I have come across I imagine you are a young and foolish person living at home under your parents wing paying no keep and keeping all your own MONEY!!!! Have you got a job?? and have you got one once of brains?????
Before every slump there is an upturn in the market. Look at the chartists look at the housing crashes in previous occassions. We live in a capitilstic world and it is the nature of markets to go up and then my stupid freind to go down....Yes i do spend my life looking at house prices cos im spending my life saving to buy one..!! I am a hard working young person living at home subsidised by my parents I do need a life and only after the house price crash can I live!!!!!!!

Saturday, September 30, 2006 12:00PM Report Comment
 

4. Bubbles. . . said...

Ok house prices wont crash this is my comment on things..........You are the worst example of the "stork" attitude I have come across I imagine you are a young and foolish person living at home under your parents wing paying no keep and keeping all your own MONEY!!!! Have you got a job?? and have you got one once of brains?????
Before every slump there is an upturn in the market. Look at the chartists look at the housing crashes in previous occassions. We live in a capitilstic world and it is the nature of markets to go up and then my stupid freind to go down....Yes i do spend my life looking at house prices cos im spending my life saving to buy one..!! I am a hard working young person living at home subsidised by my parents I do need a life and only after the house price crash can I live!!!!!!!

Saturday, September 30, 2006 12:02PM Report Comment
 

5. Mjchum said...

House prices won't crash . . .

How is our economy different to the rest of the, now globalised World?
The house price cycle (boom to bust) is around 14 years (read Fred Harrison's book - Boon Bust: The banking and housing depression of 2010).
How does our incredible house price inflation and debt mountain make us great? Britain was great when people could afford houses and families and a stable society, a stable manufacturing society, that did'nt have multi-billion Pound trade deficits every month.
It's all rhetorical, no need to reply

Saturday, September 30, 2006 12:42PM Report Comment
 

6. markd said...

Yes, I'm sure we will...even though our spelling and grammer may let us down a little.

Saturday, September 30, 2006 02:33PM Report Comment
 

7. sovietuk said...

"we are great britain, and we will stay great", so presumably unaffordable housing is a measure of greatness together with record private and public debts, a pension crisis, highest ever taxes, destroyed industries, uncontrolled immigration etc etc etc. The list goes on and on

Saturday, September 30, 2006 03:11PM Report Comment
 

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