Yet another story of woe centred on someone who is trying to sell an overpriced property and no one is buying. It really is just sloppy sentimental superficial journalism.
It is not about this individual despite his willingness to expose himself publicly in some form of unreality programming that could be called Ireland’s Just Not Got It Yet.
You can take a completely different interpretation from this article.
He priced his holiday home too high when he started to sell, he did not reduce the price fast enough, the price is still to high for the market and he simply does not accept his situation.
In this case, it is a house in the middle of nowhere with little to recommend it.
His initial selling price was 95% of his original purchase price.
His current price is still 80% of his original purchase price.
If he was being serious about addressing the situation, he would at least consider:
Get a new estate agent
Reduce the price substantially
Is this a case of “I cannot afford to sell the property for less than X because that is the value of the outstanding mortgage” - setting absurd bounds based on how people feel the situation should be rather than how it is?
Reality has still not hit people like this.
If there are hard choices to be made then make them rather than waiting paralysed until events overtake you.
I know that market (surprisingly) and can tell you that Leitrim is just totally awash with sites with full planning permission and refurbishment-type cottages.
A decent sized one acre plot with full planning permission can be had for €15k quite easily.
A small two bed cottage that can be renovated reasonably enough can be had for €40k.
You can buy something that’s livable and about 100sqm with a decent plot of land in the here and now for €70k.
If there is a view of the lake, he might be able to get 70k for it in the current market.