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 Post subject: Liz Okane offers her services
PostPosted: Wed Jan 16, 2008 12:57 am 
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Too Big to Fail

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According to my wife, Liz was on some afternoon show today advertising her new service. I gather you hire her and she comes and tells you what to do to get your house sold, does not include dropping the price I presume


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PostPosted: Wed Jan 16, 2008 1:01 am 
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Christ :shock: . I thought she was a buyer not a seller , she should change her website to reflect this unfortunate new reality.

EG "90% of our clients are buying..."

Did she sell her own gaff in rathmines yet ??


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PostPosted: Wed Jan 16, 2008 1:06 am 
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Speculator

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The address on her Get-Sorted website looks awfully familiar !!!


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 Post subject:
PostPosted: Wed Jan 16, 2008 1:11 am 
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Thats a No . Hardly a good advertisment for her 'services' is it 8)


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 Post subject:
PostPosted: Wed Jan 16, 2008 1:13 am 
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Under CAB Investigation

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Still available and no price drop

http://www.myhome.ie/residential/search ... YBLN334750

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 Post subject:
PostPosted: Wed Jan 16, 2008 1:13 am 
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Ken's curse strikes again. It's still sitting on myhome.ie with its out of focus photos.

Image

No 3 Louis Lane, Rathmines, Dublin 6: 1.675m
http://www.tribune.ie/2007/09/30/104311.html

Architects, actors and musicians have all been by
http://www.ireland.com/newspaper/proper ... 31831.html

3 Louis Lane, Rathmines, Dublin 6
http://www.myhome.ie/residential/search ... YBLN334750

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 Post subject:
PostPosted: Wed Jan 16, 2008 1:21 am 
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Property Magnate

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Liz O'Kane, qualified to provide this service how?

Quote:
Liz: Yes, people are stalling to see what the new government will bring. Should stamp duty be abolished it will get the market moving again and yes, prices will rise to the tune of whatever stamp duty would have been paid. I suggest buying now before buyers come back to the market.



Quote:
Adamstown seems like a good bet.


and best of all

Quote:
Mary: Do you think that the property market could crash?
Liz: No... I don't think any government can afford to let that happen. A levelling off is what we are seeing.


http://www.rte.ie/tv/househunters/webchat.html


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PostPosted: Wed Jan 16, 2008 1:37 am 
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Of Systemic Importance
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Only in Ireland.

Eddie Hobbs makes a career out of pointing out Rip-Offs and being the consumers champion, then he parlay's that into seting up a fund with huge fees and poor prospects.

Liz O'Kane, reckons the housing market is fine, everything will be grand, but can't sell her own house, so decides that instead she'll sell other people advice on how they can sell theirs.

-Rd

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 Post subject:
PostPosted: Wed Jan 16, 2008 11:25 am 
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daltonr wrote:
Only in Ireland.

Eddie Hobbs makes a career out of pointing out Rip-Offs and being the consumers champion, then he parlay's that into seting up a fund with huge fees and poor prospects.

Liz O'Kane, reckons the housing market is fine, everything will be grand, but can't sell her own house, so decides that instead she'll sell other people advice on how they can sell theirs.
-Rd


True but people here should not loose sight of the fact that there are plenty of people out there that are still firmly in denial about what's happening. Moreover many of the not-capable-of-thinking-for-themselves bulls in the herd, that believe the present slump is only temporary would take more heed and listen to the likes of O'Kane and the rest of the VI's faster than face the reality of what has happened in the past year.


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 Post subject:
PostPosted: Wed Jan 16, 2008 11:47 am 
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Quote:
Mary: Do you think that the property market could crash?
Liz: No... I don't think any government can afford to let that happen. A levelling off is what we are seeing.


I'll tell you what Liz. Why don't you sell your 'award winning mews' to someone for a million and then ask Bertie for a dig out for the other 675 grand. I hear he has a good understanding about that kind of thing.

After all, the government can't afford to let you take any kind of a hit on it, can they.


Last edited by xman on Wed Jan 16, 2008 11:50 am, edited 1 time in total.

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 Post subject:
PostPosted: Wed Jan 16, 2008 11:50 am 
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joblack wrote:
True but people here should not loose sight of the fact that there are plenty of people out there that are still firmly in denial about what's happening.


Most of them hang out on AAM. :wink:


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 Post subject:
PostPosted: Wed Jan 16, 2008 12:11 pm 
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To be fair, its not entirely Lizs' fault.
Look at what has happened in the past.

Buy a property for €500,000,
Spend a further €300,000 in refurbishment, interest costs etc,
Sell 18 months later for €1,000,000.
Realising a profit of €200,000

The people who have been doing this over the years, saw the refurbishment aspect as the key to creating profit. Whilst it undoubtedly helped, it was not the key ingredient they would like to believe.
Unfortunately what they fail to realise is the largest proportion on the higher resale price has come from the market, i.e. something completely out of their control.

In fact, had they not done anything and simply held onto the property for 18 months they would have realised a substantial profit anyway, because the market was screaming up.

Now we are seeing the flip side.
The market has fallen, but all those people who believed that tarting the property up was the key to making profits are now stuck in a scenario where it no longer works. However, because it worked in the past, and because they firmly believed that it was their tarting-up skills which made the profit, they have not yet figured out what has gone wrong.

Please be aware, they know prices have fallen, but they have a misguided assumption that tarting the place up will make up for the fall. It does not.


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 Post subject:
PostPosted: Wed Jan 16, 2008 12:15 pm 
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Back Home with Mammy

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You see this happening on Property Ladder on Channel 4 all the time. An amateur property investor buys a run down property and does it up. They spend far more than they planned but due to a rising market they make a profit. Not any more...


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 Post subject:
PostPosted: Wed Jan 16, 2008 12:15 pm 
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The biggest mistake in property renovation/devlopment is over capitalising.

In times of a bubble it is easy to trick youself into believing that the uplift you see in price through a project is down to the "added value" your work has brought, when it is in fact only inflation.


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 Post subject:
PostPosted: Wed Jan 16, 2008 12:17 pm 
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Quote:
True but people here should not loose sight of the fact that there are plenty of people out there that are still firmly in denial about what's happening.


I have no doubt that Liz O'Kane will find many willing ears for her message, But the bottom line is that someone who can't sell their own house, but who charges others for advice on how to sell theirs, is a snake oil merchant.

Now, we're working on the basis of second hand information from discostu's wife here. If anyone else can verify that Lis O'Kane actually is getting into the business of selling advice on how to sell houses, then that would be helpful.

Liz O'Kane gave very bad advice to buyers during the boom, she was completely wrong about the real level of risk that existed, and she was given a platform to spout her nonsense from.

If this latest twist is true then she's turning her attention to screwing over sellers in the downturn, and again is completely misjudging the risks. This time it's the risk associated with holding out for an unrealistic asking price.

At least she's an equal opportunity chancer, she doesn't care whether you're a buyer or a seller, you're just fodder for her career.

-Rd

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