Occupation: Economist / Strategist
House buying status: FTB in Ireland. I own property elsewhere. Rent a lovely house in D6 on 2yr lease.
View on an Irish property crash: Top was somewhere between the buyers panic at Adamstown Spring 06 and the Herald crash headline September 06. At a minimum the last double 2001-2006 will be rolled back across the market. By 2009 commuterville/adamstown etc. will sell at at 66%+ off their Summer 06 achieveable. In other words, for a period at the bottom, some property will be essentially unsellable.
Timeline for crash: point of maximum pessimissm? I’d say Spring/Summer 2009.
Where would I buy property: Miami looks interesting, as does Uruguay, Hong Kong. But why buy property when gold is gonna double in 2008?