With rent increasing is now the time to buy a 2nd property from the bank

What does the fact of no new international entrants into the market say?

The 6 month term and permanent right to reside arent. You can reference and infer all you like. Micky Mack the bitter trough guzzler had 20years to effect change and did nothing. The pompous cunt. How’s our cafe bar culture? He’s making it up.

What’s a tenancy of indefinite duration and no right to evict mean ? :face_with_monocle:

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Probably about the only 5 years in the last 40 though.

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There’s a queue of them but the Central Bank are refusing to let them in iirc.

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And yet banks have left this supposed honey pot.

Am I being ripped off on a 2% fixed rate? Doesn’t feel like it tbh

We need more houses but not there mine. Shower of cunts

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Someone found it on AirBnB but it’s been taken down since :upside_down_face:

The INTERNET never forgets.

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I came across this piece the other day. It’s basically a vox Pop of landlords. Most complain about not making enough profit, after their costs and taxes and mortgage payments. One fella says it earns him a few quid and he gets a massive asset paid for him at the end it. It seems to me absolutely bizarre that landlords expect a healthy profit after their mortgage is paid. Fucking mad.

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TFK experts, could you please advise.

Very close to going sale agreed on a property at the moment. But getting cold feet giving the uncertainty of the housing market.

What do the experts here think? Wait until the inevitable recession? Or buy what you can get now, as we have no hope of property ownership in the future?

I must add that what I’m buying is more of a short term measure rather than my forever home (hopefully)

Urban or Rural?

I’d say if it was your forever home and you both loved it - pull the trigger.

If it’s a 3-5 year thing, or an investment, hold off and see how things look next summer.

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Urban. Plan would be to rent out one room. Brilliant location. Even if things took a turn could not see an issue in renting out or if shit goes to fuck, selling.

This would be my concern. Only thing that is making me pursue the purchase is the lack of supply on the market. I cannot see this changing any time soon. Will prices continue to increase or even just steady. How would a decline happen?

If your alternative is renting then I’d say buy it if you can afford it. I expect the mortgage is a good bit cheaper than the rent you’d pay in the next five years and you save more again renting out a room.

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Does anyone know the repercussions or possible ramifications with potential of mortgage rates increasing? I’d imagine if supply in the state was in a good place there would a natural drop in house prices but given our situation with the lack of supply, could house prices stabilize or would it even have much of an effect on house prices at all?

Interest rate increases and a reduced borrowing ability/general reluctance to borrow because of other increases in outgoings will lead to a levelling off of increases at the very least. If it goes beyond that we’re into a recession / correction.

The other answer is you never really know. If you love the house and will be there long term then buy. If it’s a stop gap I’d say it may be time for wait and see how the winter pans out

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I was in a similar position 3 years ago, wasn’t sure if I should buy. Way I see it, I was paying €1,400/rent monthly. Now I’ve about €50k paid into a mortgage. If it’s in a good rentable area and not a distant commuter town you should be fine and have options if prices drop. Renting is sickening. If you have spare rooms you can be flexible, rent Monday - Fridays etc.

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