Morgan Kelly waiting in the wings for his moment to shine again.
lumpymonkey on
I bought my house in 2018 for 390k. A standard 4-bed bungalow type home built at the start of the 2000s. I spent about €130k renovating it in 2022. According to the valuer about 4 months ago it’s now worth €900k. This kind of price increase is completely unsustainable and I think we’re headed for another massive crash. Not because of the mortgage market but because we’re headed for a recession and people are going to start losing their jobs and despite the Central Bank rules people are definitely over leveraged.Â
1993blah on
13,000 doesn’t seem like that many
pippers87 on
The cost of living crisis is still ongoing. It’s crazy, my take home is in far better shape now than it was in 2018, yet once the bills are paid there’s less left.
Governments promised the sun moon and stars but when it came to the last budget they made us worse off.
Reduced once off benefits around the cost of living crisis with the aims of putting in place measures to reduce the costs over a longer term….. Yet another round of carbon tax on the way.
If the mortgage market is in trouble fuck knows what the personal loan and credit card arrears is like. If someone took out a loan i. 2021 for example and could comfortably pay it, chances are its a struggle now to make the payments.
Although if the banks are looking at trouble hopefully it will mean the government will step in sooner rather than later.
Perfect-Fondant3373 on
So is now a good time to buy a house or terrible time?
saggynaggy123 on
– War in the middle east
– High mortgage arrears
– Global Economy looking dodgy
– Republican in the White House
Welcome back 2008!
doorframe777 on
Bit of a spoof – mortgage arrears are at an all time low from 2009 still, 1/4 of the number in arrears at the height of it
TheSoupThief on
Phew! It’s a good job we’re in a really stable geo-political situation with steady interest rates and low inflation! We really dodged a bullet
/s
dropthecoin on
It would be good to know how this year compares the previous fifteen years. Taking this figure on its own is of questionable use
ozymandieus on
Repost from 2009.
BellewTheSceptic on
Its happening
hitsujiTMO on
It would be interesting to see what demographics these people are belonging to.
Are these as a result of 4x mortgage limits for first time buyers, or are these much older accounts where people have lost jobs or just can’t afford the cost of living.
14 commenti
Oh hey I’ve seen this one before.
Welcome back 2008
Morgan Kelly waiting in the wings for his moment to shine again.
I bought my house in 2018 for 390k. A standard 4-bed bungalow type home built at the start of the 2000s. I spent about €130k renovating it in 2022. According to the valuer about 4 months ago it’s now worth €900k. This kind of price increase is completely unsustainable and I think we’re headed for another massive crash. Not because of the mortgage market but because we’re headed for a recession and people are going to start losing their jobs and despite the Central Bank rules people are definitely over leveraged.Â
13,000 doesn’t seem like that many
The cost of living crisis is still ongoing. It’s crazy, my take home is in far better shape now than it was in 2018, yet once the bills are paid there’s less left.
Governments promised the sun moon and stars but when it came to the last budget they made us worse off.
Reduced once off benefits around the cost of living crisis with the aims of putting in place measures to reduce the costs over a longer term….. Yet another round of carbon tax on the way.
If the mortgage market is in trouble fuck knows what the personal loan and credit card arrears is like. If someone took out a loan i. 2021 for example and could comfortably pay it, chances are its a struggle now to make the payments.
Although if the banks are looking at trouble hopefully it will mean the government will step in sooner rather than later.
So is now a good time to buy a house or terrible time?
– War in the middle east
– High mortgage arrears
– Global Economy looking dodgy
– Republican in the White House
Welcome back 2008!
Bit of a spoof – mortgage arrears are at an all time low from 2009 still, 1/4 of the number in arrears at the height of it
Phew! It’s a good job we’re in a really stable geo-political situation with steady interest rates and low inflation! We really dodged a bullet
/s
It would be good to know how this year compares the previous fifteen years. Taking this figure on its own is of questionable use
Repost from 2009.
Its happening
It would be interesting to see what demographics these people are belonging to.
Are these as a result of 4x mortgage limits for first time buyers, or are these much older accounts where people have lost jobs or just can’t afford the cost of living.