numbercruncher
Beware of Dropbears
- Joined
- 12 October 2006
- Posts
- 3,136
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- 1
In twenty years we will see who has been right. That will be when the last of the baby boomers will finally have moved through to 65. Is that when you are waiting for the bargains to appear?
Cheers and good luck waiting,
Shane
I will rent one of your houses returning you 3pc per annum.
Hi Wayne
Irish house prices have gone up 270 % since 1996 and Dublin house prices 26% in the last two years. It's the old story about timing and being in the market.
http://www.finfacts.com/biz10/irelandhouseprices.htm
Like trading....being the last one on the trend is not a happy place to be.
Cheers
Shane
Yep, I'd be happy to take a 30% haircut if I had bought into that market, infact, I would have expected it.
$270% - 30% = 240%, how could I live with myself, the returns are shocking.
Dave
Exactly.Hi Wayne
Irish house prices have gone up 270 % since 1996 and Dublin house prices 26% in the last two years. It's the old story about timing and being in the market.
http://www.finfacts.com/biz10/irelandhouseprices.htm
Like trading....being the last one on the trend is not a happy place to be.
Cheers
Shane
OOPs.$100 x (270%) = 370
$370 - (30%) = 259
---------------------
100 to 259 = 159%
159/11 = 14.45 p/a (less inflation,Interest and other outgoings)
Becareful out there Davo
$100 x (270%) = 370
$370 - (30%) = 259
---------------------
100 to 259 = 159%
159/11 = 14.45 p/a (less inflation,Interest and other outgoings)
Becareful out there Davo
Exactly.
But this is just the start.
Oops, RE isn't the only game in town.That's what you've been saying since 21st-September-2005, 01:28 AM
Oop's, the cruelty of missed opportunity
Dave
Oops, RE isn't the only game in town.
BTW, I didn't miss it, I bought at value.
Oops, sold one in 2006, held for a few years, all documented somewhere in this thread.
I'm comfortable and happy and not interested in a pissing contest.
I have always said RE is a great investment... at value.
Cheers
The stars seems to be pretty nicely aligned for a Global Housing Price Crash IMO...
Exactly kimosabi ....
And as soon as prices start to fall the Largest demographic group in society the Baby Boomers many of whom are completely dependant upon the Equity in there Homes and scared of further price drops will desperately flood the market so as to free up there cash to fund retirement.
The clear cut winners will be the Boomers who have already had the foresight and downsized to appartment living.
And as soon as prices start to fall the Largest demographic group in society the Baby Boomers many of whom are completely dependant upon the Equity in there Homes and scared of further price drops will desperately flood the market so as to free up there cash to fund retirement.
I'm waiting for this current Credit Cycle to end, and will probably enter the RE market sometime in the next two years when Interest Rates start falling.
The contents of this thread will be very different in a years time.
Interest rates falling in the next 2 years,?????
Dave
Future holds 10% + interest rates: Greenspan
"Former Federal Reserve Chairman Alan Greenspan said in an interview published on Monday the Fed would have to raise interest rates to double-digit levels in coming years to thwart inflation."
Interest bill on a current "average" priced house fully financed for the owner occupier would probably exceed an entire after tax income.
A very simplistic article that fails to take onto account that when the baby boomers sell their large family home they have to move somewhere.
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