Who are these buyers?. So for example if they have a deposit of say 10% (50k) it means they’ve a wage between them of 130k if x3.5 is 455k . Is this an average couples wage? Seems very high but houses going for 500k are selling left and right.
More Savings and an excemption up to 4.5 wages id say or family helping out
People need to come together some how and stop bidding mental numbers, do these people realise in 2 years they are going to be sitting in a house worth 250k with a 350k mortgage?
When I was house hunting I noticed that different agents had different techniques regarding asking prices. There was one particular agent who used price houses way below what they were worth. You’d turn up and there would be 50 people viewing, only to find out it was already 80k above asking.
Others were the opposite and would price high and settle at the asking.
In the end the houses went for much the se price, just off a completely different asking price.
The likelihood is this house was never really going to gonfor 400k bit it may have whipped up enough interest to get an extra few grand
Half a Millie for a house in Coolock, f*ck me sideways!!
Seems like you are shopping outside your budget by not factoring in which estate agents under price to attract interest.
Best thing to do is take you max limit and look at houses that are well under it that are priced accurately (check Property Price Register).
If you’re not happy with these houses then you’ve to save more or otherwise increase the amount you are getting via mortgage loan.
You’ll get used to which Estate Agent initial prices you can avoid. In my area it was RE/MAX (although I did end up buying from them) but they were obviously pricing below the likely sale price compared to all other sellers.
They do it in the hopes of attracting people who are slightly below the expected sale price to get involved in bidding which causes people who might have the expected sale price by a margin to have to at least meet that price.
Couple A: can afford €250k max
Couple B: can afford €300k max
House value:€255k, put up for €235k.
Couple A bid as they might hope to get a house in a nicer area or slightly bigger than their budget allows.
Couple B bid as they want to keep some savings, or part of the cost back for refurb etc.
Couple B could have got the house for under €255k if Couple A weren’t also enticed into bidding and had ended up bidding their max amount.
And of course that anecdote is now all multiplied by an insane factor due to the lack of housing.
Imagine winning 500k in the lotto and not being able be buy a bang average semi d
I don’t know lads me and my partner are from Limerick and an example of where we both grew up houses typically range from 80k in the bad times to 140k in the good times…4 houses have sold in our area for 200+ …and yes I know that the plan isn’t to sell it and make a profit for most and it’s not my plan either… but I would hate to know I’m paying a mortgage of 800+ a month for the same house next door who could be paying 400 a month.
I am going to hold off and hope prices and availability are a bit better but I do that knowing it could get worse for us.
Teetering on the top…
Insane. I can smell the must from those Daft photos.
Is it much cheaper outside of Dublin?
500k for a house in Beaumont? Sweet fuck
Why are people buying at the top of the market ? This is so stupid. They will buy for 500k and the bubble will burst and the building will only be worth 200k again.
Buy low, sell high…. trading 101
This is so depressing. And so frustrating that HTB / FH is only on new builds, which are typically more expensive again. 2 bed house for €345K in Ashford with my single €60K PA salary, €210K mortgage, max of 30% equity stake given to the government (which you have to pay fees on after 5 years if you haven’t bought them out by then!!), with €21K in savings that I’ve accumulated over the past 2 years, still leaves me scrambling to find another €10K or so after.
You’re better off just working the system to get a social house at this point. Why bother even working and playing the ponzi game
Lads it’s looking like I’m never going to move out of my parents gaff at this stage
I paid €340,000 in 2013 for my 5 bedroom house,a house on my road last year went for over €800,000. I actually jerk off thinking about this. Even the hottest woman or even a reverse Gangbang doesnt do what my House value does to my dick. It gives me a big horn every morning thinking about my house SOARING in value by hundreds a week. It’s amazing,l love having a Mortage free (paid) five bedroom house in an excellent area (no scrotes) an M&S Close by and l can hit the sea with a stone. It’s bliss,l know some dickheads at work who have no hope of ever owning a home and l love telling them how tough it was to cut the grass etc ( my back garden is 114 ft long) theyre eating beans in a dump in Mountjoy square trying to save on orders of their ugly,fat fiancees. It’s beautiful,they HATE me and l think of anyway l can to bring my €800,000+ house into water cooler conversation, like l tell them that l always do an “eanie meanie miny mo” to pick which of my five bedrooms ill sleep in each night. My disposable income is off the charts also. A Quarter of a Million in the Bank,its sweet. Fuckin love driving them nuts.
Which website is this? It’s interesting being able to see offers
Another overpriced kip bought by fucking idiots
What app or site is that ?
Come on out to Navan boyo! Fair bit cheaper, and just as good.
Annnnnd, massive crash, theeen, bail again or not, the old, to big to fail bollocks.
A house around the corner from me was on that site.
Asking 395, highest bid was 470.
Owner posted in the local Facebook group to see if there was anyone serious about doing a deal as he was being fucked over by bidders.
Turned out he was just trying to up the bid even more…
How does anyone afford it. Work 2 jobs???
What an absolute fucking mess Ireland has become.
Half a million for a house in Artane with Coolock & Darndale on your doorstep.
Jesus Christ. Surely a crash coming. Just not sustainable
I also love deemed disposal. Who even wants to accumulate wealth anyway.
/s, if that’s not abundantly clear.
I bought a house in France and moved. Best decision I’ve ever made. Flight home is dirt cheap, can even catch the boat to Wexford as well. It’s so well connected and I never feel home sick. Better standard of life, nicer weather and people are as friendly because I’m Irish.. they love us. Move to Europe or look into it if you can.. trust me. Ireland is gone to the dogs!!
28 comments
Who are these buyers?. So for example if they have a deposit of say 10% (50k) it means they’ve a wage between them of 130k if x3.5 is 455k . Is this an average couples wage? Seems very high but houses going for 500k are selling left and right.
More Savings and an excemption up to 4.5 wages id say or family helping out
People need to come together some how and stop bidding mental numbers, do these people realise in 2 years they are going to be sitting in a house worth 250k with a 350k mortgage?
When I was house hunting I noticed that different agents had different techniques regarding asking prices. There was one particular agent who used price houses way below what they were worth. You’d turn up and there would be 50 people viewing, only to find out it was already 80k above asking.
Others were the opposite and would price high and settle at the asking.
In the end the houses went for much the se price, just off a completely different asking price.
The likelihood is this house was never really going to gonfor 400k bit it may have whipped up enough interest to get an extra few grand
Half a Millie for a house in Coolock, f*ck me sideways!!
Seems like you are shopping outside your budget by not factoring in which estate agents under price to attract interest.
Best thing to do is take you max limit and look at houses that are well under it that are priced accurately (check Property Price Register).
If you’re not happy with these houses then you’ve to save more or otherwise increase the amount you are getting via mortgage loan.
You’ll get used to which Estate Agent initial prices you can avoid. In my area it was RE/MAX (although I did end up buying from them) but they were obviously pricing below the likely sale price compared to all other sellers.
They do it in the hopes of attracting people who are slightly below the expected sale price to get involved in bidding which causes people who might have the expected sale price by a margin to have to at least meet that price.
Couple A: can afford €250k max
Couple B: can afford €300k max
House value:€255k, put up for €235k.
Couple A bid as they might hope to get a house in a nicer area or slightly bigger than their budget allows.
Couple B bid as they want to keep some savings, or part of the cost back for refurb etc.
Couple B could have got the house for under €255k if Couple A weren’t also enticed into bidding and had ended up bidding their max amount.
And of course that anecdote is now all multiplied by an insane factor due to the lack of housing.
Imagine winning 500k in the lotto and not being able be buy a bang average semi d
I don’t know lads me and my partner are from Limerick and an example of where we both grew up houses typically range from 80k in the bad times to 140k in the good times…4 houses have sold in our area for 200+ …and yes I know that the plan isn’t to sell it and make a profit for most and it’s not my plan either… but I would hate to know I’m paying a mortgage of 800+ a month for the same house next door who could be paying 400 a month.
I am going to hold off and hope prices and availability are a bit better but I do that knowing it could get worse for us.
Teetering on the top…
Insane. I can smell the must from those Daft photos.
Is it much cheaper outside of Dublin?
500k for a house in Beaumont? Sweet fuck
Why are people buying at the top of the market ? This is so stupid. They will buy for 500k and the bubble will burst and the building will only be worth 200k again.
Buy low, sell high…. trading 101
This is so depressing. And so frustrating that HTB / FH is only on new builds, which are typically more expensive again. 2 bed house for €345K in Ashford with my single €60K PA salary, €210K mortgage, max of 30% equity stake given to the government (which you have to pay fees on after 5 years if you haven’t bought them out by then!!), with €21K in savings that I’ve accumulated over the past 2 years, still leaves me scrambling to find another €10K or so after.
You’re better off just working the system to get a social house at this point. Why bother even working and playing the ponzi game
Lads it’s looking like I’m never going to move out of my parents gaff at this stage
I paid €340,000 in 2013 for my 5 bedroom house,a house on my road last year went for over €800,000. I actually jerk off thinking about this. Even the hottest woman or even a reverse Gangbang doesnt do what my House value does to my dick. It gives me a big horn every morning thinking about my house SOARING in value by hundreds a week. It’s amazing,l love having a Mortage free (paid) five bedroom house in an excellent area (no scrotes) an M&S Close by and l can hit the sea with a stone. It’s bliss,l know some dickheads at work who have no hope of ever owning a home and l love telling them how tough it was to cut the grass etc ( my back garden is 114 ft long) theyre eating beans in a dump in Mountjoy square trying to save on orders of their ugly,fat fiancees. It’s beautiful,they HATE me and l think of anyway l can to bring my €800,000+ house into water cooler conversation, like l tell them that l always do an “eanie meanie miny mo” to pick which of my five bedrooms ill sleep in each night. My disposable income is off the charts also. A Quarter of a Million in the Bank,its sweet. Fuckin love driving them nuts.
Which website is this? It’s interesting being able to see offers
Another overpriced kip bought by fucking idiots
What app or site is that ?
Come on out to Navan boyo! Fair bit cheaper, and just as good.
Annnnnd, massive crash, theeen, bail again or not, the old, to big to fail bollocks.
A house around the corner from me was on that site.
Asking 395, highest bid was 470.
Owner posted in the local Facebook group to see if there was anyone serious about doing a deal as he was being fucked over by bidders.
Turned out he was just trying to up the bid even more…
How does anyone afford it. Work 2 jobs???
What an absolute fucking mess Ireland has become.
Half a million for a house in Artane with Coolock & Darndale on your doorstep.
Jesus Christ. Surely a crash coming. Just not sustainable
I also love deemed disposal. Who even wants to accumulate wealth anyway.
/s, if that’s not abundantly clear.
I bought a house in France and moved. Best decision I’ve ever made. Flight home is dirt cheap, can even catch the boat to Wexford as well. It’s so well connected and I never feel home sick. Better standard of life, nicer weather and people are as friendly because I’m Irish.. they love us. Move to Europe or look into it if you can.. trust me. Ireland is gone to the dogs!!