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Topic:
House prices
murraymarmalade
(2,008 Posts)
Posted:
18-Aug-2009 14:25
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Has it gone so bad, you can buy a 4 bedroom house in Tuam for 65 K
www.daft.ie/1457898
1980Abu
(332 Posts)
Posted:
18-Aug-2009 14:43
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Originally posted by murraymarmalade:
House prices
Has someone robbed the kitchen? Seriously 65k, now thats more like the house prices we want to see, let them all fall and we`ll see the country back on its feet in no time
dung
(1,125 Posts)
Posted:
18-Aug-2009 14:51
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do you want to live in Tuam though.,..
Shoneen O Horlicks
(1,185 Posts)
Posted:
18-Aug-2009 14:51
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That`s a reasonable price I would`ve thought. You`re looking at 30-40% of the peak (i.e. 60-70% reduction ) price so do the maths!
murraymarmalade
(2,008 Posts)
Posted:
18-Aug-2009 14:53
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Originally posted by dung:
do you want to live in Tuam though.,..
Cant be that bad, can it ?
Pas de Deux
(1,285 Posts)
Posted:
18-Aug-2009 17:20
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Everything in this country need to come back by about 30% for us to have any chance to get out of the mess.
dubliner 2
(10,823 Posts)
Posted:
18-Aug-2009 18:18
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Originally posted by Pas de Deux:
Everything in this country need to come back by about 30% for us to have any chance to get out of the mess.
House prices have already lost more than 30% in many areas.
Thar Farraige
(424 Posts)
Posted:
18-Aug-2009 20:22
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Lads, there are a few roads near enough the stadium that you dont want to be buying a house on .........
Not sure from the add if Parkmore is one of them though I think it might be ...... if its where I think it is its just the Galway side of the stadium, very close to it. Make friends with the new neighbours fast or dont park outside .......
It is a great price though - proper prices at last!
Sausagepump Hackett
(57 Posts)
Posted:
18-Aug-2009 20:40
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You`d want to buy ASAP.
Prices won`t stay this low for long.
The recovery will begin in 2010.
midnight
(339 Posts)
Posted:
18-Aug-2009 21:19
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Originally posted by murraymarmalade:
House prices
4 bed houses could have been bought at the height of the TIGER in parts of Limerick city for less than 50K!!
badger
(523 Posts)
Posted:
18-Aug-2009 21:20
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Originally posted by Sausagepump Hackett:
You`d want to buy ASAP.
Prices won`t stay this low for long.
The recovery will begin in 2010.
I think i would have to disagree. House prices will rise once unemployment ceases which wont be for a while id say
HitemHardHardHard
(1,498 Posts)
Posted:
18-Aug-2009 22:39
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House prices will not increase until the banks have enough confidence to start giving loans out to customers who are not in guarenteed income jobs. We are a long way from that point, there is now a very small pool of people who can actually buy a house right now.
Have a look at this link...
http://www.rte.ie/business/economyataglance/houseprices.html
Originally posted by badger:
I think i would have to disagree. House prices will rise once unemployment ceases which wont be for a while id say
Fireplace
(599 Posts)
Posted:
18-Aug-2009 23:00
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Originally posted by HitemHardHardHard:
House prices will not increase until the banks have enough confidence to start giving loans out to customers who are not in guarenteed income jobs. We are a long way from that point, there is now a very small pool of people who can actually buy a house right now.
Have a look at this link...
http://www.rte.ie/business/economyataglance/houseprices.html
The banks have no money. At all.
fireball
(93 Posts)
Posted:
18-Aug-2009 23:15
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Originally posted by dung:
do you want to live in Tuam though.,..
well it is the fastest town in ireland.........................tuuuuuuuuuuuuuam!
ba da ba dum!
couldnt resist!
long danny
(4,403 Posts)
Posted:
18-Aug-2009 23:15
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Originally posted by HitemHardHardHard:
House prices will not increase until the banks have enough confidence to start giving loans out to customers who are not in guarenteed income jobs. We are a long way from that point, there is now a very small pool of people who can actually buy a house right now.
Have a look at this link...
http://www.rte.ie/business/economyataglance/houseprices.html
House prices will not increase until the banks are confident enough to loan as much money as the developers/builders want to charge which is what got us into this mess in the first place. Overpriced housing crippled people even during the boom and it was exacerbated by appaling planning in too many areas of the country.
We must never allow prices to get as out of hand as they did over the boom years. Nama is designed, as far as I can see, to allow the banking sector to begin to loan money for overinflated investments by greedy people who appear to have the government in their pockets. Remember it is mostly the same people who are in charge of the banks now that were there before the bust. We could also be facing a situation where banks are taking more taxpayers money whilst increasing the interest rates. Criminal baxtards.
South Limerick Referee
(16,613 Posts)
Posted:
18-Aug-2009 23:18
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Speaking of interest rates, i presume now a good time to fix a tracker mortgage before interest rates go up???
Would I get back on the tracker when the fixed term expires?
dinnydwyer
(101 Posts)
Posted:
18-Aug-2009 23:18
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ha
long danny
(4,403 Posts)
Posted:
18-Aug-2009 23:20
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Originally posted by South Limerick Referee:
Speaking of interest rates, i presume now a good time to fix a tracker mortgage before interest rates go up???
Would I get back on the tracker when the fixed term expires?
Trackers are finished, not enough money for the banks in them.
Pog Mahone
(9,387 Posts)
Posted:
18-Aug-2009 23:31
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Originally posted by Fireplace:
The banks have no money. At all.
Well they must be robbin it so, seeing as how they are continuing to lend (as you know ) but this time they appear to be using something akin to proper banking principles (a novel concept ) . There are people out there who are whingeing about the banks not lending them money to prop up dead businesses.
Now would be a good time to put proper controls in place to ensure that we don`t get back to the good old days. One thing I would like to see is a ban forever (legislated if necessary ) on 100% loans (mortgages or others ) , max shouldn`t be more than 80%
joe bloggs
(1,069 Posts)
Posted:
18-Aug-2009 23:44
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Originally posted by South Limerick Referee:
Speaking of interest rates, i presume now a good time to fix a tracker mortgage before interest rates go up???
Would I get back on the tracker when the fixed term expires?
The whole point of a tracker is that you cant fix. If you want to fix the bank will be only too pleased to let you out of the tracker to do so as they are loosing money on it. However they will not let you return to a tracker after your 3 or 5 years or whatever. Your tracker could be anything between 2.% to 4% below the fixed rates depending who you are with so if you think the ECB are about to shoot up rates then go ahead and fix. I`m going to wit a little while longer befor fixing. waiting for the german economy to get good growth, and then the beards in the ECB will have to put up rates to keep inflation down in the Eurozones biggest economy.
limerick80
(244 Posts)
Posted:
19-Aug-2009 00:34
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whats tuam like?full of travellers that true?
murraymarmalade
(2,008 Posts)
Posted:
19-Aug-2009 00:57
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Originally posted by limerick80:
whats tuam like?full of travellers that true?
Do I suspect a hint of racism ?
Gold
(804 Posts)
Posted:
19-Aug-2009 01:09
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Originally posted by murraymarmalade:
Do I suspect a hint of racism ?
I don`t sense any racism there. That`s like saying the `Hill` is full of Dubs. It`s just true.
murraymarmalade
(2,008 Posts)
Posted:
19-Aug-2009 01:23
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Racism is the belief that race is the primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race. Do you believe you are superior to travellers ?
Gold
(804 Posts)
Posted:
19-Aug-2009 02:02
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Originally posted by murraymarmalade:
Racism is the belief that race is the primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race. Do you believe you are superior to travellers ?
Do Cork people think they are superior to Kerry people?
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