Irish property fire sale as prices tumble to lowest yet - SEE POLL

In the stock market, there is a saying "DON'T TRY TO CATCH A FALLING KNIFE". Same goes for real property. Wait for the bounce.

LoyalCitizen..OK..Irish Statute Book..Will do..Cheers!!

@sirpeter: Irish Central does not allow links. But you can google "Irish Statute Book", which will bring you to the Irish Attorney Generals website.

LoyalCitizen..do you have a link handy to SI272/273 of 1996 and SI 108 of 1998? Please. Can't find them

@sirpeter: Yes...Bail laws are something that most people would not think twice about...You also need to read SI272/273 of 1996 and SI 108 of 1998 which goes along way to explain a different agenda. Amendment 16 made it look like we made a conscious wilful choice, which was clearly a charade.

LoyalCitizen...The Sixteenth Amendment of the Constitution of Ireland provided that a court could refuse bail to a suspect where it feared that while at liberty they would commit a serious criminal offence. Is this what you mean?

@Searlit: The Irish People voted in the use of opinions into Irish Law in 1996 on Amendment 16 to the Irish Constitution. Using opinions in law denies people protection by law. Protection by law is pivotal to protecting their rights. No protection by law no rights. The Irish People gave up their rights in 1996.

JBRAFTREE..you said it!!..To buy money is always going to cost you..Debt free IS the only way to live.

seagreen..Real estate agents will always say now is the time to buy..you are right.

LoyalCitizen, what was the opinion that made it so Irish people have no right to buy their own home?

Final remark: CASH ALWAYS WORKS>

Real estate agents are creating a false bottom, which is clever on their part..Prices are going to fall much lower. Irish property prices were outrageously inflated, almost as if to say, "lets charge this much" The prices will reduce to correspond to the economy like everywhere else. There will be internationals that will buy up some properties at high prices for whatever reasons, but for the most part, reality has set in, even for the realtors.

JBRAFTREE..I did say. I would say about 5 years time for BEST value. The best indicator of the economy is always the banks. A couple things to watch..The stabilizing of emigration indicates the economy is on the turn. Go online and take notes of how fast property is selling or not selling in the area you want to buy.3 bedroomed Semi-detached houses are the best indicator,because that's what most people buy. Takes notes and watch,you will devolope a sixth sense. Watch the average percentage of take home pay in Ireland needed to service a 3 bedroomed Semi-detached house. Tried to stop a few guys from buying when the banks started giving out 100% mortgages. Told them that was a sure indication of a burst soon. Told them inflation followed by deflation..Oldest trick in the book to own your ass. Tied to a loan, but the bank owns your house. They are servicing a loan for a house that is now worth 60% of it's value. Rule number one..You NEVER get a good deal from a bank..Rule number two..Your friendly bank manager is NOT your friend. Every €100 you save NOW is increasing in value..So save..save...save..No matter how small the amount..Each Euro is a little bit of your ass the bank don't own. A holiday in the sun is not worth an enslaved chunk of your ass.

Sirpeter, Did say would invest, didn't say when!

I agree--not much of a sale in my book. I agree with errieshark--in Florida we are selling houses for next to nothing. In a depressed economy--how do the banks think they are going to get people to spend that kind of money. I guess there are always the people that have and then there are the have nots like me.