He did raise good points and God knows the database would hasten the correction so for once I think Tom and ourselves have common purpose. Aine Lawlor unfortunately only made half the connection though when she said no one was looking for this when the tax receipts were rolling in. I would have been happier if she had pointed out that the builders enjoyed naming their price when there was no index as this helped the fear that caused the problems we now face.
And Yes, Tom loves his bottoms. Podge and Rodge aren’t the only people who enjoy “picken their holes”.
I had a long discourse with RonanL on the outcome of such a statistical project last year. Only the Revenue has the hard data, not that seemingly senile Finneran we saw on the frontline. Only the Revenue can release it…possibly via the CSO.
The Revenue will only release it if they are confident that it will result in MORE Revenue as a consequence of releasing it. I would do a much better job of convincing them than Country Tom ever would and Country Tom is welcome to PM me any time and arrange to avail of my consultancy services
And you are correct FB2. The only way to spot a bottom is where there is some confidence in the accuracy of the pricing mechanism and as there is none, absent accurate and timely data, the bottom stretches out a bottoming before us into near infinity.
Country Tom is a very recent convert to the good cause and I for one welcome his conversion. Obviously he spent much of the past 6 weeks in contemplation and hopefully he caught up with the PIN Zeitgeist during that time.
Spent a decade in Stony Brook–north shore is nice. Sold a house in the states last year. Our buyer knew exactly when we had bought it and for how much. The opacity in Ireland is justified on privacy grounds? Laughable.
He sounded fairly confident that an index of actual sale prices would happen this year.
I’m not 100% sure what angle he’s shooting here since it is very likely any such index would hasten the crash even more. Maybe Tom has seen the light and just wants construction activity to return even if it is at a greatly reduced level wrt prices?
Do they plan to show historical stats or just the sales prices from the launch date onwards?
I get the feeling that any sort of data being made available gives a opportunity for the VIs to spin about a recovery.
Mr Slipstream is an LI boy - when I start to get sick of of house shopping and waiting, I check out the Newsday property listings and observe what I could buy over there for the same money as I have to spend here. Always puts a stop to my worrying.
Also - what I love about the local market over there is that houses in need of lots of work are significantly cheaper than the ones that aren’t. They actually reflect the cost of refurbishment. Here, you get a measly 50k off and you’re supposed to be grateful. The outlaws cannot believe the way our market operates.
This was especially entertaining back in 2006-2007, when my crappy 750 sq ft bungalow Greystones was ‘worth’ close to $1m at the prevailing exchange rate. That was obviously my big chance to buy a 5-bed beachfront house!
Still, LI property taxes are very high and commuting is absolutely brutal if you work in the city.