>Many people are finding it difficult to find an affordable place to live. Hairdresser Billy Guinan describes the prices as unbelievably high.
>Permanent TSB is confident that the market will remain buoyant as a result of population and employment growth, accompanied by low interest rates.
>Denis Casey, Chief Executive of Permanent TSB, says that over the ten year period we have witnessed phenomenal growth in the Irish economy and employment alongside a fall in interest rates and a rapid flow of migrant workers into the country. These factors have placed extra demand on housing which has fed into rising prices.
🤔
> The latest report shows that 10 years ago the average cost of a house was €75,000 by 2005, the average price of a house had risen to €280,000 equating to an increase of 270%.
That’s so insane.
Guess what happens next
I learnt after the crash in 2008 never to trust the media and I’m glad I didn’t. I remember at the time a mortgage company trying to slam a mortgage of 250k on me when I was making 25k a year, I had to tell them I wouldn’t be able to make the repayments. I just saved everything I could and then bought a place outright in 2013. The apartment I bought had previously sold for 320 k and I got it for a 100k. I feel so sorry for the youth who have grown up believing and buying into the current crisis and trends on twitter’s, you can practically set your watch for another collapse. I’m not super rich but am involved in stocks and shares and everyone I mean everyone who is and over the age of fifty are already getting their ducks in a row to sweep in and buy up in the next crash. 200000 polish people left in the last recession the same will happen again.
Water unbelievably wet
In 9-12 months they won’t be
I’m just saying you can never predict this shit. Remember Bertie telling anyone predicting a crash to commit suicide
7 comments
>Many people are finding it difficult to find an affordable place to live. Hairdresser Billy Guinan describes the prices as unbelievably high.
>Permanent TSB is confident that the market will remain buoyant as a result of population and employment growth, accompanied by low interest rates.
>Denis Casey, Chief Executive of Permanent TSB, says that over the ten year period we have witnessed phenomenal growth in the Irish economy and employment alongside a fall in interest rates and a rapid flow of migrant workers into the country. These factors have placed extra demand on housing which has fed into rising prices.
🤔
> The latest report shows that 10 years ago the average cost of a house was €75,000 by 2005, the average price of a house had risen to €280,000 equating to an increase of 270%.
That’s so insane.
Guess what happens next
I learnt after the crash in 2008 never to trust the media and I’m glad I didn’t. I remember at the time a mortgage company trying to slam a mortgage of 250k on me when I was making 25k a year, I had to tell them I wouldn’t be able to make the repayments. I just saved everything I could and then bought a place outright in 2013. The apartment I bought had previously sold for 320 k and I got it for a 100k. I feel so sorry for the youth who have grown up believing and buying into the current crisis and trends on twitter’s, you can practically set your watch for another collapse. I’m not super rich but am involved in stocks and shares and everyone I mean everyone who is and over the age of fifty are already getting their ducks in a row to sweep in and buy up in the next crash. 200000 polish people left in the last recession the same will happen again.
Water unbelievably wet
In 9-12 months they won’t be
I’m just saying you can never predict this shit. Remember Bertie telling anyone predicting a crash to commit suicide