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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Fri Jul 21, 2017 6:09 am 
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2Pack wrote:
5 Years off the bottom now. Half the entire lifetime of the Pin :D

Given the ongoing chronic shortage of building in the key cities of Dublin Cork and Galway I don't think even a Hard Brexit will knock the steam out of this one, not before 2020 anyway.


Best investment advice I ever got.

8DD 2pack!


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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Tue Jun 26, 2018 2:40 pm 
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He is far too modest to point it out himself but today is the six-year anniversary of 2pack correctly calling the bottom!


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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Tue Jun 26, 2018 6:25 pm 
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Question is, is now the time to call the top (in the major city)

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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Wed Jun 27, 2018 12:15 am 
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Thanks again 2pack,you absolutely nailed it.
Cleaned up big time.

Shark Trager aka Jimmy Connors aka Rimbaud.

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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Wed Jun 27, 2018 8:24 am 
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Interesting article in the Indo -Revealed: Urban homes are becoming too expensive to sell as families struggle for finance says that prices of three bed semis in Lucan fell a little in the last three months due to the availability of new housing.

If memory serves wasn't Lucan the first place to register price falls back in 2006/7?, the proverbial canary perhaps. Maybe early days to be calling the top but it feels like we are getting close again. XD

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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Wed Jun 27, 2018 8:50 am 
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Stop talking down the economy, Longtermrenter!


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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Wed Jun 27, 2018 8:56 am 
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When I back for a short time in 2015 I picked up some work locally in the south east in the planning phase of development, but the company I worked for were being snowed under by jobs in Dublin. I reckon these developments (mostly apartments) are only hitting the market now.

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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Wed Jun 27, 2018 11:48 am 
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Back Home with Mammy

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Whenever I feel dumb for not buying property six years ago I just think about how much bitcoin I could have bought six years ago.

Then I soon forget about irish property....


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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Wed Jun 27, 2018 11:41 pm 
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Rimbaud wrote:
Thanks again 2pack,you absolutely nailed it.
Cleaned up big time.

Shark Trager aka Jimmy Connors aka Rimbaud.


Oh God, the Dublin rental market badly needs Jimmy Connors in FULL flow again at this time. :D :D

I am somewhat tempted to call the top you know but there is some more steam in this one yet, I'll be doing quarterly reviews from now on even if I don't share all of them with yizzers, how's that.

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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Thu Jun 28, 2018 1:15 am 
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2Pack wrote:
Rimbaud wrote:
Thanks again 2pack,you absolutely nailed it.
Cleaned up big time.

Shark Trager aka Jimmy Connors aka Rimbaud.


Oh God, the Dublin rental market badly needs Jimmy Connors in FULL flow again at this time. :D :D
ime
I am somewhat tempted to call the top you know but there is some more steam in this one yet, I'll be doing quarterly reviews from now on even if I don't share all of them with yizzers, how's that.



It's already several years since the bottom was called. But it remains a false bottom. Time will show that the only thing called was a dead cat bounce. Some markets take a long time to play out. Let's not get too cocky about where the response to 2008 is taking us


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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Thu Jun 28, 2018 9:17 am 
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:)


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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Fri Jun 29, 2018 2:31 pm 
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https://www.independent.ie/life/travel/ ... 56159.html
Quote:
Can you do New York in a day trip?
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And it's no mean feat ­- leaving on an early-morning flight out of Dublin, crossing the Atlantic and over Canada, and then landing in Stewart International Airport, an hour's drive north of Manhattan.

That's a whopping 6,200-mile round trip, with 13 hours in the air in all. And yes, technically it means you can do New York as a day trip.

So is it the bargain-hunting journey of a lifetime? or a case of shop till you (literally) drop? Check out my hour-by-hour guide on what to expect...
There is more...


I think it's safe enough to call the top now, or we are at least very close to it :-)

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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Fri Jun 29, 2018 3:14 pm 
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At least another 2 years before we see the peak of market


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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Fri Jun 29, 2018 3:49 pm 
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Wasn't the top first noticed at Dublin auctions before national average asking prices followed? remember the auld "withdrawn from auction but sold later for a higher price" of the pre property price register days?

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Those who don't study history are doomed to repeat it. Those who do study history are doomed to watch everyone else repeating it.


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 Post subject: Re: 2Pack will call the bottom now!
PostPosted: Fri Jun 29, 2018 5:33 pm 
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Joined: Sep 9, 2017
Posts: 235
Still like to see the income/rent fall before you could call an end to asset price rises. Rents started falling 5 years before the Celtic Tiger bust hit the asset prices.


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