Any other home buyers in NI?

motorguy

qwert_yuiop wrote: »

So should not be relevant.

Exactly - people shouldnt be using the current flux in the bricks and mortar retail industry as an indicator of house price movement.

qwert_yuiop wrote: »

I dont see how thats relevant? Its "problem" is because of the fact that you've two towns in two separate countries with two separate currencies. People are buying where its cheaper.

Precisely why it is relevant.

We are talking about house prices in northern ireland here, right? Not really sure how the economic environment of a town in another country using a different currency is directly relevant to say, Belfast?

Common sense would tell you that people will go to the cheaper of the two towns - dundalk or newry - hence why dundalk is seeing a particular downturn.

I'm not seeing how you're extrapolating that to apply to say Belfast or Bangor?

qwert_yuiop

It doesn't matter if it's in japan. It's a town with a moribund retail sector for whatever reason, giving an insight into what that looks like. Someone else's extrapolation .

Common sense led bankers to lend the irrationally optimistic 7 times their salary in 2007. Great, isn't it?

saverbuyer

qwert_yuiop wrote: »

It doesn't matter if it's in japan. It's a town with a moribund retail sector for whatever reason, giving an insight into what that looks like. Someone else's extrapolation .

Common sense led bankers to lend the irrationally optimistic 7 times their salary in 2007. Great, isn't it?

They are still doing it.

5.5 times joint income is possible.

motorguy

qwert_yuiop wrote: »

It doesn't matter if it's in japan. It's a town with a moribund retail sector for whatever reason, giving an insight into what that looks like. Someone else's extrapolation .

Common sense led bankers to lend the irrationally optimistic 7 times their salary in 2007. Great, isn't it?

It has a moribund retail sector for a very particular reason - it borders a city in another country where prices are cheaper?

How is that relevant to say, Bangor?? Or Ballymena? Or Belfast??

You even said yourself its problem was because it was so close to Newry?

qwert_yuiop wrote: »

Consider Dundalk. A large town with a crashed local retail market thanks to its proximity to newry.

You seem to be saying "Dundalk has a moribund retail sector, Dundalk has a weak housing market, therefore because there is a weak retail sector here, there will be a weak housing market"?

But you yourself have already said that Dundalk has problems because of its proximity to Newry?

And where is the relevance now of some banks in the previous decade lending 7x salary?

And what has Dundalks problems got to do with common sense?

qwert_yuiop

Do you drink a lot of coffee?

motorguy

qwert_yuiop wrote: »

Do you drink a lot of coffee?

Alternatively, given your fundamentally flawed logic, maybe you dont drink enough?

qwert_yuiop

motorguy wrote: »

Alternatively, given your fundamentally flawed logic, maybe you dont drink enough?

Actually, no, I don't get the time, what with making my fortune and answering you, but no need for logic was displayed.

All I said was take a look at Dundalk to see the end point of retail collapse. A defunct town centre.

That's all. (Apparently Evening Primrose oil is beneficial.)

motorguy

Was reading this today and thought it was interesting - talks about how retailers are having to deal with internet buying and the different problems they face

http://www.bbc.co.uk/news/business-25653707

motorguy

Heres a pretty good example of "the future"

Nigel O'Haras jewellers in Portadown - strong bricks and mortar presence, but now has an internet store too.

Seems to be able to be very competitive too.

(Weirdly wont let me put the website like on, but its worth googling)

motorguy

Unemployed figure drops for the 11th month running

:beer:

http://www.belfasttelegraph.co.uk/business/news/number-claiming-unemployment-benefit-in-northern-ireland-falls-for-11th-month-29942867.html

Was listening to a discussion on this on the radio yesterday evening, and as employment levels increase, companies tend to have to pay more, so salaries should start to rise again through pay increases, etc, where companies have previously had a pay freeze.