Viewed a place last week, opening price of €265k. Emailed the agent to place a bid of €270k today, current offer €347k. It’s in need of total refurbishment
What a pure money grabbing exercise…
Why not just ask for 500k and avoid the misery? Not like you can buy below asking price in such market
Some people clearly have a lot of money if they can afford to spend that kind of money on a property.
You need to adjust your expectations downwards.
Asking price is an opener in this market, you’re just looking at property that is way above your budget.
Stupid bid for that house, even by the current stupid state of the market. It’s a total outlier compared to similar houses around it.
Loola to pay €500k for one of them as a fixer upper.
Asking price isn’t a price they’ll take. I’m assuming houses in the area are similar?
[deleted]
We need to get rid of FG and prevent investment funds from buying houses.
€502k should do it.
I assume this is Brock delappe? Tbh I’m not surprised asking prices really mean nothing anymore. It’s best to familiarize yourself as quick as possible with how much houses are going for in your chosen area to avoid these kind of shocks.
If you listen to the Government your choices are:
1. get up early in the morning (no idea what this was supposed to mean)
2. ask your parents for a substantial loan towards the house
3. grow lettuce on your window boxes and turn off the heating to save money for a deposit.
4. Stop being poor.
Anyone paying attention shouldn’t be surprised that it has gotten this bad. The housing crisis needs to be dealt with with as much seriousness as the COVID lockdowns and the government should be moving heaven and earth to get housing built. But they won’t, because they believe it’s always been tough and that people who can’t buy houses can just rent or use the garbage schemes to bury themselves in debt and overpay. No one has any right to be surprised if this leads to violence stemming from how hopeless it feels to live in a country lead by people who clearly don’t give a shit about you.
It should be made a crime to run an auction that’s not an actual auction.
Chances are, if it’s a purchase via a mortgage they’ll come back to say it’s not worth it and they won’t approve the mortgage.
Largely a waste of people’s time.
No accountability and there’s clearly people up bidding friends properties, and you can see it when the same bidder, bids against themselves and unnecessarily increase the price.
Just use this cheat code.
Next time a house comes on the market just slap down €600K.
Vote wisely
And the government still won’t stop vulture funds. Crazy.
I, for one, have never been able to compete. House prices have been crazy since long before I became an adult.
However, it’s crazy to see couples both of whom have good jobs now struggling to compete.
You can’t
By cheating
By living in the countryside
It’s just greed at that point… one thing I couldn’t figure out when I was looking to buy was like.. if the homeowner has it valued and the house is listed at 350k by a letting agent, then why are the allowed sell it for way more?!
It’s not an auction. The house costs x, I have x so thank you I’d like one house please.
If I went to an auction, I’d be expecting to bid and be outbid, but most houses aren’t sold at auction, and yet the process is pretty much the same thing.
I ended up finally getting one myself but only after going above budget and having already been way outbid on like 6 other properties!
What’s the context? What am I actually looking at here?
Don’t panic.
A crash will come!
It always does!
I earn €75K a year, which I think is a great wage, rent a shit room in a house share and live fairly frugally as I’m trying to build a deposit.
I’ve done all the things I’m supposed to do, got a college degree, started saving young, always worked hard and extra hours if available. I haven’t wasted money on silly things like a fancy car, drinking or overpriced clothes. I’ve avoided some great life experiences like travelling as I couldn’t justify the costs while I didn’t own a home.
I’m in my 30s this isn’t what life is supposed to be.
I always hear the term “vote with your feet” bandied around, but never in regards to housing and rising cost of same. Buyers don’t seem to care at all that they are engaging in a practice that is going to bring the country to its knees. It is inevitable.
The attitude just seems to be, “I got mine.” It’s incredibly bizarre given Milennials have rightly called out the practices of older generations and leaving less than what they found, yet here they are not giving a fuck about what they’re going to leave in their wake.
I understand people have families, but this just seems so morally wrong and complete indifference towards the future of the country.
25 comments
Viewed a place last week, opening price of €265k. Emailed the agent to place a bid of €270k today, current offer €347k. It’s in need of total refurbishment
What a pure money grabbing exercise…
Why not just ask for 500k and avoid the misery? Not like you can buy below asking price in such market
Some people clearly have a lot of money if they can afford to spend that kind of money on a property.
You need to adjust your expectations downwards.
Asking price is an opener in this market, you’re just looking at property that is way above your budget.
Stupid bid for that house, even by the current stupid state of the market. It’s a total outlier compared to similar houses around it.
[This house](https://www.myhome.ie/residential/brochure/36-eblana-villas-grand-canal-dk-dublin-2/4737780), five doors away, sold for €395k six months ago (checked PPR). It’s the exact same layout and size but is fully renovated.
Loola to pay €500k for one of them as a fixer upper.
Asking price isn’t a price they’ll take. I’m assuming houses in the area are similar?
[deleted]
We need to get rid of FG and prevent investment funds from buying houses.
€502k should do it.
I assume this is Brock delappe? Tbh I’m not surprised asking prices really mean nothing anymore. It’s best to familiarize yourself as quick as possible with how much houses are going for in your chosen area to avoid these kind of shocks.
If you listen to the Government your choices are:
1. get up early in the morning (no idea what this was supposed to mean)
2. ask your parents for a substantial loan towards the house
3. grow lettuce on your window boxes and turn off the heating to save money for a deposit.
4. Stop being poor.
Anyone paying attention shouldn’t be surprised that it has gotten this bad. The housing crisis needs to be dealt with with as much seriousness as the COVID lockdowns and the government should be moving heaven and earth to get housing built. But they won’t, because they believe it’s always been tough and that people who can’t buy houses can just rent or use the garbage schemes to bury themselves in debt and overpay. No one has any right to be surprised if this leads to violence stemming from how hopeless it feels to live in a country lead by people who clearly don’t give a shit about you.
It should be made a crime to run an auction that’s not an actual auction.
Chances are, if it’s a purchase via a mortgage they’ll come back to say it’s not worth it and they won’t approve the mortgage.
Largely a waste of people’s time.
No accountability and there’s clearly people up bidding friends properties, and you can see it when the same bidder, bids against themselves and unnecessarily increase the price.
Just use this cheat code.
Next time a house comes on the market just slap down €600K.
Vote wisely
And the government still won’t stop vulture funds. Crazy.
I, for one, have never been able to compete. House prices have been crazy since long before I became an adult.
However, it’s crazy to see couples both of whom have good jobs now struggling to compete.
You can’t
By cheating
By living in the countryside
It’s just greed at that point… one thing I couldn’t figure out when I was looking to buy was like.. if the homeowner has it valued and the house is listed at 350k by a letting agent, then why are the allowed sell it for way more?!
It’s not an auction. The house costs x, I have x so thank you I’d like one house please.
If I went to an auction, I’d be expecting to bid and be outbid, but most houses aren’t sold at auction, and yet the process is pretty much the same thing.
I ended up finally getting one myself but only after going above budget and having already been way outbid on like 6 other properties!
What’s the context? What am I actually looking at here?
Don’t panic.
A crash will come!
It always does!
I earn €75K a year, which I think is a great wage, rent a shit room in a house share and live fairly frugally as I’m trying to build a deposit.
I’ve done all the things I’m supposed to do, got a college degree, started saving young, always worked hard and extra hours if available. I haven’t wasted money on silly things like a fancy car, drinking or overpriced clothes. I’ve avoided some great life experiences like travelling as I couldn’t justify the costs while I didn’t own a home.
I’m in my 30s this isn’t what life is supposed to be.
I always hear the term “vote with your feet” bandied around, but never in regards to housing and rising cost of same. Buyers don’t seem to care at all that they are engaging in a practice that is going to bring the country to its knees. It is inevitable.
The attitude just seems to be, “I got mine.” It’s incredibly bizarre given Milennials have rightly called out the practices of older generations and leaving less than what they found, yet here they are not giving a fuck about what they’re going to leave in their wake.
I understand people have families, but this just seems so morally wrong and complete indifference towards the future of the country.