Yeah you’re right… next thing I’ll be saying you could see a huge Manor house on thirteen acres with 17 bedroom suites, a four-bed, detached coach house, two-bed gate lodge and staff accommodation slashed from 10million to 5 million …
You mistake realism and reality for denial EWD, easy mistake to make. Not even the most ardent bear would say that we will have seen a 58.5% fall in this type of property in this part of town within 4 years. Sure you have turned up your 1 isolated and unique example of a 50% fall. You may find it a little more difficult to find too many others.
Spot on Nonbeliever… Spot on
I have been saying it for years because despite the pressure and a reasonable salary I looked at the numbers I just couldn’t afford to buy.
The longer I held out the righter I became…
So I held off and held off knowing the higher it went the harder it would fall. So now I am seeing what I knew would happen happen. But worse.
Which gives me no joy whatsoever
as for the Timelines
It might take 4 years for the sort of property here to come down that much … but I reckon in 12 months you’ll be prepared to admit it’s possible…
at $1m Euro the above house would be reasonable value at 5*multiples of earnings for a couple on €200k per year.