Major Irish Property Auction - will true value of property there be established?

chewmylegoff

PasturesNew wrote: »

I think it's outrageous to bulldoze them. Surely they can find people to live in them, if the rent's right. Say £100/month for a 4-bed house and they'd fill in no time.

not worth the hassle of renting a property to someone for peanuts. If you only make £1,200 a year, then you have to comply with all the regulations (presume they have some kind of equivalent of gas safety etc), and cover the maintenance. might as well run a bulldozer through it.

there is no demand for the housing.

Out,_Vile_Jelly

Did nobody at any point look at the number of properties being built and the number of people in Ireland? I know rising house prices make most people go all glassy-eyed and dizzy with greed, but someone must have been able to do simple sums surely?

I'd buy the house that comes with two free horses.

chewmylegoff

Out,_Vile_Jelly wrote: »

Did nobody at any point look at the number of properties being built and the number of people in Ireland? I know rising house prices make most people go all glassy-eyed and dizzy with greed, but someone must have been able to do simple sums surely?

I'd buy the house that comes with two free horses.

perhaps the builders had seen the real life documentary "the commitments" and were building the houses to ease overcrowding amongst horses living in tower blocks.

StevieJ

I wonder how much those North Dublin high rise council flats with the horses grazing in the garden would go for? to be sure, a site to behold.

The_White_Horse

HAMISH_MCTAVISH wrote: »

This couple used to live in a field near me. looks like they've done alright for themselves. Well done Mr and Mrs Ed.

WhiteChristmas

I see the trendy town centre cupboard they were so worried about went at more than 50% over guide price.

Indeed, just about everything has gone at well over the estimate.

Clever marketing, delusional buyers or houses-where-people-actually-want-them-not-affected-by-slump-shock?

ILW

WhiteChristmas wrote: »

I see the trendy town centre cupboard they were so worried about went at more than 50% over guide price.

Indeed, just about everything has gone at well over the estimate.

Clever marketing, delusional buyers or houses-where-people-actually-want-them-not-affected-by-slump-shock?

All depends on how guide price relates to original price, could be 75% less.

iB1

Out,_Vile_Jelly wrote: »

Did nobody at any point look at the number of properties being built and the number of people in Ireland? I know rising house prices make most people go all glassy-eyed and dizzy with greed, but someone must have been able to do simple sums surely?

I'd buy the house that comes with two free horses.

I think that they thought that immigration from the Eastern European EU countries would continue at a high pace, but instead the reverse has happened. The immigrants left and so did some of the indigenous population.

StevieJ

A guy I know has gone back to Poland with his girlfriend even though he had a good (proper) job with training package etc for a large IT multi national, must say I was surprised.

Jimmy_31

Out,_Vile_Jelly wrote: »

Did nobody at any point look at the number of properties being built and the number of people in Ireland? I know rising house prices make most people go all glassy-eyed and dizzy with greed, but someone must have been able to do simple sums surely?

I'd buy the house that comes with two free horses.

They probably knew full well that it was a possibility that the economy would go t*ts up and wouldnt be able to sell all the houses that were built . It doesnt really matter to a lot of the people who still made a fortune even though the houses didnt sell and jumped ship with a fat bank balance before the economy troubles.

Its all about the timing you see, some people couldnt care less about the problems they cause just so long as their greed gets fed by more and more cash.