Buying a house

[tbrick18]

Will all these tariffs/counter tariffs have an effect on house prices?

Don't know tbh, but if talk of a global recession comes to pass I'd say that's likely to result in lower house prices and interest rates. I'm certainly no expert in this, but last time there was a global recession post 2007, house prices fell through the floor.

House prices took 4 years to fall through the floor and the global recession was due to madness in the housing market.

Be surprised if a recession made any difference in Dublin. Everyone been saying during covid, Ukraine, inflation, etc.... this can't continue but the simple fact is there is a housing shortage and buyers (especially in south Dublin) being propped up mummy and daddy's monopoly money. 

People were saying all those same things before the 2007 crash.
House prices in the North I'm told are back to 2008 levels, so it wouldn't take much to push them back down. I dont think it would be wise to base the wider market around what's happening in Dublin.
If I was buying my first home or moving home I wouldn't be overly concerned as I'd need to buy and as interest rates fluctuate i'll be affected to a certain degree - but when it comes to a 2nd home or investment property, maybe safer to wait a wee while and see what happens.

[Milltown Row2]

Not buying a house but home improvements.. Christ you could have all the money in the world but trying to get tradesmen men (decent ones) is nearly impossible

[Banks of the Bann]

Will all these tariffs/counter tariffs have an effect on house prices?

Don't know tbh, but if talk of a global recession comes to pass I'd say that's likely to result in lower house prices and interest rates. I'm certainly no expert in this, but last time there was a global recession post 2007, house prices fell through the floor.

House prices took 4 years to fall through the floor and the global recession was due to madness in the housing market.

Be surprised if a recession made any difference in Dublin. Everyone been saying during covid, Ukraine, inflation, etc.... this can't continue but the simple fact is there is a housing shortage and buyers (especially in south Dublin) being propped up mummy and daddy's monopoly money. 

People were saying all those same things before the 2007 crash.
House prices in the North I'm told are back to 2008 levels, so it wouldn't take much to push them back down. I dont think it would be wise to base the wider market around what's happening in Dublin.
If I was buying my first home or moving home I wouldn't be overly concerned as I'd need to buy and as interest rates fluctuate i'll be affected to a certain degree - but when it comes to a 2nd home or investment property, maybe safer to wait a wee while and see what happens.

Where I live house asking prices are currently about £70k lower than the mental asking prices of 2008.

[thebigfella]

Will all these tariffs/counter tariffs have an effect on house prices?

Don't know tbh, but if talk of a global recession comes to pass I'd say that's likely to result in lower house prices and interest rates. I'm certainly no expert in this, but last time there was a global recession post 2007, house prices fell through the floor.

House prices took 4 years to fall through the floor and the global recession was due to madness in the housing market.

Be surprised if a recession made any difference in Dublin. Everyone been saying during covid, Ukraine, inflation, etc.... this can't continue but the simple fact is there is a housing shortage and buyers (especially in south Dublin) being propped up mummy and daddy's monopoly money. 

People were saying all those same things before the 2007 crash.
House prices in the North I'm told are back to 2008 levels, so it wouldn't take much to push them back down. I dont think it would be wise to base the wider market around what's happening in Dublin.
If I was buying my first home or moving home I wouldn't be overly concerned as I'd need to buy and as interest rates fluctuate i'll be affected to a certain degree - but when it comes to a 2nd home or investment property, maybe safer to wait a wee while and see what happens.

I didn't say you should base the market around what's happening in Dublin. I said it I would be surprised it make any difference due to completely different constraints and liquidity in the market.

People comparing 2007 banking crisis to now clearly don't understand why crisis came about vs the chronic undersupply driving the current demand in Dublin (and other cities). There is still lots of cash in the market, overseas investors from Asia and local authorities competing for the same limited stock.

[johnnycool]

Not buying a house but home improvements.. Christ you could have all the money in the world but trying to get tradesmen men (decent ones) is nearly impossible

What are you looking for?

A contractor to do the whole lot or a specific tradesman? Or woman!

[Milltown Row2]

Not buying a house but home improvements.. Christ you could have all the money in the world but trying to get tradesmen men (decent ones) is nearly impossible

What are you looking for?

A contractor to do the whole lot or a specific tradesman? Or woman!

Plumbers, few jobs but maybe not the ones they are looking to do, fix one shower issue where there's a leak of sorts that I haven't in a lot of searches worked out it's source! Put in a new shower unit in other room, put in a reconditioned boiler and fix some patched up flushing problems with two loos!

The patched up stuff I'm happy with lol! She ain't

Then I need the decking replaced! I'll do that myself, old one is done, was thinking composite but too big a space to fill

[93-DY-SAM]

Will all these tariffs/counter tariffs have an effect on house prices?

Don't know tbh, but if talk of a global recession comes to pass I'd say that's likely to result in lower house prices and interest rates. I'm certainly no expert in this, but last time there was a global recession post 2007, house prices fell through the floor.

House prices took 4 years to fall through the floor and the global recession was due to madness in the housing market.

Be surprised if a recession made any difference in Dublin. Everyone been saying during covid, Ukraine, inflation, etc.... this can't continue but the simple fact is there is a housing shortage and buyers (especially in south Dublin) being propped up mummy and daddy's monopoly money. 

People were saying all those same things before the 2007 crash.
House prices in the North I'm told are back to 2008 levels, so it wouldn't take much to push them back down. I dont think it would be wise to base the wider market around what's happening in Dublin.
If I was buying my first home or moving home I wouldn't be overly concerned as I'd need to buy and as interest rates fluctuate i'll be affected to a certain degree - but when it comes to a 2nd home or investment property, maybe safer to wait a wee while and see what happens.

This carry on at present makes the events of 2008 look stable. It's the unpredictability this time with the Orange Bafoon that has markets on edge and all over the place. They/we don't know from one day to the next what madness he is going to unleash with no apparent checks and balances in place to stop him. The team around him are just as batshit crazy as he is.

[tbrick18]

Will all these tariffs/counter tariffs have an effect on house prices?

Don't know tbh, but if talk of a global recession comes to pass I'd say that's likely to result in lower house prices and interest rates. I'm certainly no expert in this, but last time there was a global recession post 2007, house prices fell through the floor.

House prices took 4 years to fall through the floor and the global recession was due to madness in the housing market.

Be surprised if a recession made any difference in Dublin. Everyone been saying during covid, Ukraine, inflation, etc.... this can't continue but the simple fact is there is a housing shortage and buyers (especially in south Dublin) being propped up mummy and daddy's monopoly money. 

People were saying all those same things before the 2007 crash.
House prices in the North I'm told are back to 2008 levels, so it wouldn't take much to push them back down. I dont think it would be wise to base the wider market around what's happening in Dublin.
If I was buying my first home or moving home I wouldn't be overly concerned as I'd need to buy and as interest rates fluctuate i'll be affected to a certain degree - but when it comes to a 2nd home or investment property, maybe safer to wait a wee while and see what happens.

I didn't say you should base the market around what's happening in Dublin. I said it I would be surprised it make any difference due to completely different constraints and liquidity in the market.

People comparing 2007 banking crisis to now clearly don't understand why crisis came about vs the chronic undersupply driving the current demand in Dublin (and other cities). There is still lots of cash in the market, overseas investors from Asia and local authorities competing for the same limited stock.

I wasn't comparing the banking crisis to anything - what I was trying to do was say that in a recession, house prices fall and in all likelihood so do interest rates.
Of course the situation now is different than then, but a recession, regardless of cause, usually means house prices drop. Even in dublin as borrowing power will like reduce IF a global recession does come about.