Austin Hughes is a sickening individual.. Self serving sycophants like him and Jim Power should be rounded up and shot... They ARE directly responsible for influencing people in to buying house.. And yet THEY both still have their jobs.. They should be hung for treason..
The madness of the boom was made clearer to me today. A three bedroomed, so called "luxur penthouse" apartment in Dublin was selling for 750,00 euro in 2006. That same apartment went on the market today for 205,000 euro. The added madness surrounding the value of this property was, after you paid 750,000 euro in 2006 for it, you had the option of buying a poxy parking space in the underground carpark for 40,000 euro. Fucking madness. God love the suckers that bought in. Thankfully, i didn't
@donnyab It's a banana republic. It always was and always will be. We have a society that have voted in FF crooks for 61 out of 79 years since the formation of the state. Throughout all those years, FF appointed their minions to all the levers of power. People were promoted as heads of all the state departments based mostly on party affliation and seniority rather then ability. Who really is ultimately to blame? Your government is ultimately a reflection of your society, no ?
This Austin guy really seems to know what he is talking about. Property can only go up. I just bought a cottage in Donegal for 10 Billion euros. Oh yeah. PROFIT. Too easy!!!!!! Who is this McWilliams guy. Dont know why he doesnt top himself.
David McWilliams is unbelievably prophetic -- I had not idea he had this POV so early when everybody else was heading full blast to the abyss... "Property Ladder"; whenever I hear idiots bringing up that term I want to heave. A house is a home for living in not a 'flipping' opportunity. Bertie Ahernia I assume was referring to David when he was talking about 'cribbers and moaners'... what a clown
David McWilliams is unbelievably prophetic -- I had not idea he had this POV so early when everybody else was heading full blast to the abyss... "Property Ladder"; whenever I hear idiots bringing up that term I want to heave. A house is a home for living in not a 'flipping' opportunity. Bertie Ahernia I assume was referring to David when he was talking about 'cribbers and moaners'... what a clown
@fridgeitems5 You can ask them yourself, you'll find the 3 of them on the ha'penny bridge now. I still can't believe that non of these banker are in jail when you or I could do time for not paying our TV licence.
"It's not in a bank's interest to talk up a bubble." Yes, and it's also not in people's interests to eat delicious fatty food if they get heart attacks. But they take short-term advantage over long-term health. Same with companies, you moron.
Katie Fennell "Bozo", "Consumer of goods and services" ..we deserved the meltdown..that sort of judgement exercised has manifested itself as the Irish collapse..take a bow "Irelands young educated workforce"..embarresing
Katie Fennell "Bozo", "Consumer of goods and services" ..we deserved the meltdown..that sort of judgement exercised has manifested itself as the Irish collapse..take a bow "Irelands young educated workforce"..embarresing
Katie Fennell "Bozo", "Consumer of goods and services" ..we deserved the meltdown..that sort of judgement exercised has manifested itself as the Irish collapse..take a bow "Irelands young educated workforce"
'unless there's a massive crash in the economy and that's very unlikely' hahahahahaha what a knob! They were throwing propaganda up the jacksey at us and they were delighted because they were making massive bucks from it.
"Unless the economy absolutely collapses, and that's most unlikely to be the case". Good man Austin. Follow "buy me off Bertie with your money", and ignore any factors that has created the boom so far in 2003. The boom was a bubble, anf fuckers like you made sure to feed it
@hugi13 It is a tragedy of Greek'Roman propotion, the joke is there and the low view count is because we are the punchline. People don't like to laugh at themselves.
"... you asked me what's driving it. It is not supply and demand. In actual fact, if you look at the demand equation. Demand -people say, most expert say - is about 40 to 45 000 new houses, we're building 62 000 new houses, we've already achived that. If it was about demand, prices would fall already."
... And the last guy says "my house is going to be an investment"
Bought bungalow in reasonable condition in Laois with 2 Door garage for €115000 in 2000.Painted it up and added bits to make it better.
By 2003 it was estimated at€ 245000plus and up to €400000 in 2007. Probably get €190000 now (IF LUCKY)
Although you are correct that the prices in Dublin were out of hand in the years you said,housing was just affordable in relation to your income up to 2003 until the silly lending started.
When the banks offered the 100% to 120% loans for 35-40yrs it really pushed the boat out.
This happened in 2004 onwards although the house prices were controversially expensive in 2003 itself.
Of course you know this already,but if you ask people that bought in 2003 they say they are safe in repayments but just a small bit in neg equity.Those who bought in 2005 onwards are in trouble.Banks should have watched their lending.
I owe U an apology.House had a tenant in it in which I got the house @1999 price instead at £90000punts.She troubled the auctioneer+seller not me!They wanted a quick sale!
She moved out before I moved in.Therefore the house was bought for €20000 less than other bungalows in the commuter belt in Leinster.The house by rights would be €135000 at purchase if she not been the problem for seller.
€135000@2000,,€245000@2003/4 means €350000 to €400000max @2007maybe.
Looked at Houses in an Auctioneers house in Portarlington and your are right that houses have depreciated badly.
€240000 priced semis in a good area have dropped to €160000+€130000 in asking prices!!!!! A bit further to fall maybe.
Living in a quite village near a school which would help if considering selling.
Does "breaking even" mean selling the house for the original principle price being bought or Principle and Interest paid on it as well over the time on the house?
Austin Hughes is a sickening individual.. Self serving sycophants like him and Jim Power should be rounded up and shot... They ARE directly responsible for influencing people in to buying house.. And yet THEY both still have their jobs.. They should be hung for treason..
RTEareSOMEshower 2 months ago
where is stupid cunt now, probably Governor of the Central Bank
donnyab 2 months ago
The madness of the boom was made clearer to me today. A three bedroomed, so called "luxur penthouse" apartment in Dublin was selling for 750,00 euro in 2006. That same apartment went on the market today for 205,000 euro. The added madness surrounding the value of this property was, after you paid 750,000 euro in 2006 for it, you had the option of buying a poxy parking space in the underground carpark for 40,000 euro. Fucking madness. God love the suckers that bought in. Thankfully, i didn't
boscoesarmy 3 months ago
@boscoesarmy
Well now you may have escaped the first but wait a minute, stop the presses, you are going to be knocked out in round two!
Now all the debt has to be paid back anyway through your taxes, extra vat, extra income tax, property charge etc etc etc et al et al ad infinitum.
Wecome to brain dead fucking paddyland!
What is the true disgrace is people saddled with those fucking mortgages AND all the extra tax will be hit TWICE!
Welcome to braindead fucking paddyland!
donnyab 2 months ago
@donnyab It's a banana republic. It always was and always will be. We have a society that have voted in FF crooks for 61 out of 79 years since the formation of the state. Throughout all those years, FF appointed their minions to all the levers of power. People were promoted as heads of all the state departments based mostly on party affliation and seniority rather then ability. Who really is ultimately to blame? Your government is ultimately a reflection of your society, no ?
boscoesarmy 2 months ago
@squirell1952 bitter and twisted at all?
conjoly 4 months ago
Its amazing how McWIlliams was the only one in Ireland who saw it unfolding in front of his eyes. He must be a wealthy man. Austin knows nothing
schumacher123 4 months ago
This Austin guy really seems to know what he is talking about. Property can only go up. I just bought a cottage in Donegal for 10 Billion euros. Oh yeah. PROFIT. Too easy!!!!!! Who is this McWilliams guy. Dont know why he doesnt top himself.
dubskaya 8 months ago
Comment removed
donnyab 10 months ago
david mc willams was right and he said this would happen and i did as for the banks they knew what they were at
graham640 10 months ago
Fair dues Austin you f*cking idiot.
micksul67 11 months ago
Hey there Irish brothers and sisters.
Heard a lot of you guys are coming to Australia because it's "better" over here.
But be aware we now have the biggest housr price bubble left in the world...and now it's deflating.
....stop coming over......you're ahead of us in your recovery....
Honest.....
stewartreeve 1 year ago
This has been flagged as spam show
@capncrunch93able you mean "IMF have their 'testicles' in Ireland" -- ask Bertie...
LoveTubeUSA 1 year ago
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David McWilliams is unbelievably prophetic -- I had not idea he had this POV so early when everybody else was heading full blast to the abyss... "Property Ladder"; whenever I hear idiots bringing up that term I want to heave. A house is a home for living in not a 'flipping' opportunity. Bertie Ahernia I assume was referring to David when he was talking about 'cribbers and moaners'... what a clown
LoveTubeUSA 1 year ago
David McWilliams is unbelievably prophetic -- I had not idea he had this POV so early when everybody else was heading full blast to the abyss... "Property Ladder"; whenever I hear idiots bringing up that term I want to heave. A house is a home for living in not a 'flipping' opportunity. Bertie Ahernia I assume was referring to David when he was talking about 'cribbers and moaners'... what a clown
LoveTubeUSA 1 year ago
@fridgeitems5 You can ask them yourself, you'll find the 3 of them on the ha'penny bridge now. I still can't believe that non of these banker are in jail when you or I could do time for not paying our TV licence.
fn211349 1 year ago
"It's not in a bank's interest to talk up a bubble." Yes, and it's also not in people's interests to eat delicious fatty food if they get heart attacks. But they take short-term advantage over long-term health. Same with companies, you moron.
oceanclub2 1 year ago
Austin Hughes is the guy that Comical Ali looks at and thinks "Boy, is _he_ deluded!!".
P.
oceanclub2 1 year ago
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Katie Fennell "Bozo", "Consumer of goods and services" ..we deserved the meltdown..that sort of judgement exercised has manifested itself as the Irish collapse..take a bow "Irelands young educated workforce"..embarresing
theadventuresofwindy 1 year ago
This has been flagged as spam show
Katie Fennell "Bozo", "Consumer of goods and services" ..we deserved the meltdown..that sort of judgement exercised has manifested itself as the Irish collapse..take a bow "Irelands young educated workforce"..embarresing
theadventuresofwindy 1 year ago
Comment removed
theadventuresofwindy 1 year ago
Katie Fennell "Bozo", "Consumer of goods and services" ..we deserved the meltdown..that sort of judgement exercised has manifested itself as the Irish collapse..take a bow "Irelands young educated workforce"
theadventuresofwindy 1 year ago
'unless there's a massive crash in the economy and that's very unlikely' hahahahahaha what a knob! They were throwing propaganda up the jacksey at us and they were delighted because they were making massive bucks from it.
dazpatreg 1 year ago
Your eating them works now Austin, you clown. Makes me sick to think people like you were in top positions in banks
mikeyb221 1 year ago 7
@mikeyb221 to right my friend and hes well paid now doesint care
graham640 10 months ago
"Unless the economy absolutely collapses, and that's most unlikely to be the case". Good man Austin. Follow "buy me off Bertie with your money", and ignore any factors that has created the boom so far in 2003. The boom was a bubble, anf fuckers like you made sure to feed it
gerry80 1 year ago 2
what do you think now austin hughes? ya clown
TheAnnubis1 1 year ago 2
@hugi13 It is a tragedy of Greek'Roman propotion, the joke is there and the low view count is because we are the punchline. People don't like to laugh at themselves.
davidoffon 1 year ago
I like Austin Hughes last line...
cill2455 1 year ago
"... you asked me what's driving it. It is not supply and demand. In actual fact, if you look at the demand equation. Demand -people say, most expert say - is about 40 to 45 000 new houses, we're building 62 000 new houses, we've already achived that. If it was about demand, prices would fall already."
... And the last guy says "my house is going to be an investment"
Aaargh!
paulremote 1 year ago
@paulremote Hi there,they said that in 2003! Look what happened in 2006!
2003 was probably the last safe year to buy before it really got out of hand.
It was from 2004 to 2007 that the bank/property did the real damage....
AAARGH!
Cosairman 11 months ago
@Cosairman
How do you work out 2003 was the last safe year to buy ?
It was out of hand from about 1998/1999.
I bought my house in 2001 and it is worth less than I paid for it factoring in inflation etc.
I don't expect house prices to start going up here for another 5+ years and then probably 1 or 2 percent a year.
donnyab 10 months ago
@donnyab PART 1
Hi there,going by the commuter price housing.
Bought bungalow in reasonable condition in Laois with 2 Door garage for €115000 in 2000.Painted it up and added bits to make it better.
By 2003 it was estimated at€ 245000plus and up to €400000 in 2007. Probably get €190000 now (IF LUCKY)
Although you are correct that the prices in Dublin were out of hand in the years you said,housing was just affordable in relation to your income up to 2003 until the silly lending started.
Cosairman 10 months ago
Comment removed
donnyab 10 months ago
PART 2
When the banks offered the 100% to 120% loans for 35-40yrs it really pushed the boat out.
This happened in 2004 onwards although the house prices were controversially expensive in 2003 itself.
Of course you know this already,but if you ask people that bought in 2003 they say they are safe in repayments but just a small bit in neg equity.Those who bought in 2005 onwards are in trouble.Banks should have watched their lending.
How are you in Neg Eq??
Like to know,
Cheers!
Cosairman 10 months ago
Comment removed
donnyab 10 months ago
Comment removed
donnyab 10 months ago
Comment removed
donnyab 10 months ago
@donnyab
PART 1
I owe U an apology.House had a tenant in it in which I got the house @1999 price instead at £90000punts.She troubled the auctioneer+seller not me!They wanted a quick sale!
She moved out before I moved in.Therefore the house was bought for €20000 less than other bungalows in the commuter belt in Leinster.The house by rights would be €135000 at purchase if she not been the problem for seller.
€135000@2000,,€245000@2003/4 means €350000 to €400000max @2007maybe.
Cosairman 10 months ago
Comment removed
donnyab 10 months ago
@donnyab
PART 2
Looked at Houses in an Auctioneers house in Portarlington and your are right that houses have depreciated badly.
€240000 priced semis in a good area have dropped to €160000+€130000 in asking prices!!!!! A bit further to fall maybe.
Living in a quite village near a school which would help if considering selling.
Does "breaking even" mean selling the house for the original principle price being bought or Principle and Interest paid on it as well over the time on the house?
Cosairman 10 months ago
Comment removed
donnyab 10 months ago
i dont understand how people say its a bad thing that somebody sees the danger coming well in advance.. ie 'you've been saying this for ages..'
strasheep 1 year ago
Fuck IIB as well
vinchegue21 1 year ago
Fuck FIANNA FAIL and THE GREENS
vinchegue21 1 year ago
And to think that Comical Austin is still being given airtime on the National Airwaves
twg20101 1 year ago
@twg20101 Is he? same old, same old, i suppose.
Guedingen 1 year ago
@Guedingen
Indeed he is rte.ie/news/2010/0629/consumer-business.html
twg20101 1 year ago