No mortgage, but no job?

dopester

GracieP wrote: »

I'd be looking at something like this http://www.daft.ie/searchsale.daft?id=344919 It looks more remote than it is as you can walk to a bar/restaurant on the edge of the property and it's a mile from a small village. The best bit, is if you click on the map you can see how many properties are for sale around it.

Notice it came on at €400,000 in March 2008... reduced to €350,000 to currently asking €250,000.

Depending on how things work out... some of these deep rural properties are surely going to continue falling in value.

During the boom you had people moving further out, or buying second homes... for that similar rural lifestyle that appeals to you. Now, with many having borrowed money, lost-jobs, pay-cuts... you know - not so easy as before. Maybe forced to sell second rural homes.

Many owners might have come up against new circumstances, and have the same income challenges thrust upon them... similar to the ones many of you are considering with a move to deeper rural locations.

Slightly different, but a glimpse of what I mean. If you want that deep rural living - fine - but I just think you have to wait to declare war on values... so the purchase price makes sense.

We're getting a slow trickle down of people from London for sure. Especially families and especially guys in the city that get a good bonus and want to have a lifestyle change. They don't mind the extra travelling in to town.

Right..modern property, guide prices is £4 million pounds.. surrounded by an acre of landscape gardens. You've got 4 receptions rooms on the ground floor. Superb obviously galleried entrance hall here.

In the last recession, you got to the point where certainly on these larger houses.. you.. you couldn't get rid of them. I mean, they were seen as a liability. We were doing valuations on property where people had lost, you know, a million pounds on the value of what they'd paid for it, and of course you know you could see that visibly affecting their body with the shock of it.

-Simon Ashwell. Savills Estate Agents.
YouTube (5:01)

Really2

GracieP wrote: »

No it isn't, but our first choice would be to move back to Dublin and for my husband to find some sort of tv/film work. If we move back to Dublin, or even to a nearby town, we will be doing so with a mortgage. A decent house in a nice part of Dublin will not fall into the range of our savings.

Got you.

If he is after film work the Isle of Man still as a very strong film industry not a great comute but you ain't that far away in Dublin.

I presume with film work any way your other half would be staying away anyway.

dopester

A friend of mine had business-dealings with people associated with John Boorman a few months back. You know.. with films like Deliverance, Excalibur, Emerald Forest.

Yes he bought in County Wicklow many years ago.. when values were much lower.. but has raised his concerns for Ireland's direction. Good luck to you if you're buying one of the deep rural properties in Ireland at near boom-time values.

McWilliams 1, Boorman 0

By Shane Ross

Sunday November 19 2006

JOHN Boorman or David McWilliams?

Have you noticed all those ageing bores moaning about Ireland's economic success? They fulminate about the vulgarity of our largesse; about how moral standards have fallen; about drug abuse; how none of the young have any manners any more; about how back in the bleak Eighties people at least had time for one another; how money, not the Virgin Mary, is the God of modern Ireland.

They denounce Ireland's nouveaux riches as loud, flashy and property-obsessed.

Let's return to the Dark Ages. The old values were better. Poverty was paradise.

Last Saturday I saw the film The Tiger's Tail. It tore the Celtic Tiger to pieces.

Both productions are property-obsessed. For Boorman, Irish property means corruption and greed. For McWilliams, it indicates achievement. And danger.

Boorman lashes out at the Irish boom from his luxury perch - in Ireland. A rich and successful man, he merits recognition for his personal achievements. A Hollywood film-maker, he became rich overseas. An Englishman, he moved into the Ireland of the Seventies where he bought a lovely property in Wicklow for less than 10 grand. Today his pile is worth millions. Boorman has made a tank out of the Irish property boom. Just like Gleeson did in his awful film.

And the best of British luck to Boorman. He should be rejoicing in the success of the wicked developer he has created.

Far from it. He despises him. So what is it that makes a highly successful businessman of one generation - like Boorman - so disapproving of the next generation's prosperity?

http://www.independent.ie/business/irish/mcwilliams-1-boorman-0-137041.html

GracieP

dopester wrote: »

Good luck to you if you're buying one of the deep rural properties in Ireland at near boom-time values.

Christ no. That house I linked to is worth a lot less than it's currently asking. I'll be waiting quite a while before I buy anything. The countryside is honestly littered with these things. (Even in 2000 my then boyfriend and I found it almost impossible to find a good quiet "parking" spot in the countryside.;) 9 years of unsustainable building later and I don't think the teens of Ireland ever have sex.)

These houses are everywhere, in regions with extremely low employment, they're worth a small fraction of their current asking prices. And if I was going to buy something like that, it would not only be with cash, but with a sink fund.

Pee

Living in a rural part of England, work is a bit harder to find and people generally do not earn very much. The food and petrol prices seem to be a bit steeper, given that they need to be transported further and there is less competition, but with the internet... several shops are closing down as they just can't compete.

Men seem to do quite well with building maintenance and driving jobs and women struggle with shop and office and catering jobs - usually with part time hours.

I wuld be inclined to look at retraining ready for the move to Ireland - are there jobs for teachers for instance?

Pobby

Well. as I have mentioned before. I do business in Ireland as well as the UK. Ireland is doing very little, umm just about nothing. Sadly the madness crept across the boarder to Northern Ireland. Oh the joys of hpi!