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 Post subject: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 8:16 pm 
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Back Home with Mammy

Joined: Mar 30, 2010
Posts: 55
Hi all...With NAMA announcing there discount on loans to the banks.Should i buy now or wait.I was left half a house so i am a cash buyer of 250K.My question is will Nama sell of some property say from the fleming building group say 50% cheaper.I live in churchtown on the southside of Dublin.Please help and many thanks


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 8:19 pm 
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I am assuming you are serious. So: wait.

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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 8:25 pm 
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Back Home with Mammy

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Duisigh wrote:
I am assuming you are serious. So: wait.

I am thanks


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:09 pm 
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Get out there and buy. The Nama train is now rolling and it relies on people buying property at inflated prices if it is to work. Your economy needs you! Over the top and tally ho!

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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:20 pm 
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Do stay on topic.

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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:21 pm 
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Joined: Nov 8, 2006
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This is a joke, yes?


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:21 pm 
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Too Big to Fail
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I've already bought 2 houses since 5 o'clock.


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:22 pm 
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Look if you don't have anything useful to add, don't add anything.

OP, I suggest you read some threads and get a feeling of the mood first. Thanks.

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So long and thanks for all the fish.


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:24 pm 
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yoganmahew wrote:
Look if you don't have anything useful to add, don't add anything.

OP, I suggest you read some threads and get a feeling of the mood first. Thanks.

This is real,i have 250k to spend......need to know if i should buy or hold off.Please help


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:26 pm 
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There are no rational reasons why anyone should buy now. You will find many sensible and not so subtle arguments as to why one should not. I won't be buying until I see the emergence of the antithesis of the 'pin emerge - something like ' the property pump' containing some sound and sensible arguments countering those espoused here.


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:30 pm 
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Joined: Nov 8, 2006
Posts: 164
Pete 1537 wrote:
yoganmahew wrote:
Look if you don't have anything useful to add, don't add anything.

OP, I suggest you read some threads and get a feeling of the mood first. Thanks.

This is real,i have 250k to spend......need to know if i should buy or hold off.Please help


I am sorry, I really thought you were joking , in general I would say no, dont buy prices are not going back up for a long time so there is no reason to rush into anything.


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:33 pm 
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Location: Hey y'all
Pete 1537 wrote:
yoganmahew wrote:
Look if you don't have anything useful to add, don't add anything.

OP, I suggest you read some threads and get a feeling of the mood first. Thanks.

This is real,i have 250k to spend......need to know if i should buy or hold off.Please help

Look if you have 250k to spend and haven't got basic cop on to read up on the state of the property market the please forward the money to me so I can spend it on coke and hookers.

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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:36 pm 
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Posts: 1633
Location: Dublin
See you joined the party today Pete :wink:

Just humour me -did you just wake up this morning and say hmmm I must join the propertypin whatever that is -and ask people to tell me whether or not I should buy a house .

As those nice companies who advertise in the Golden Pages usually ask --how did you hear about our service ? And yes that is a serious question.

PS - How does being 'left half a house' make you a 'cash buyer'
If you have been left 'half a house' get your 50% cash out of the house first -then you will be a cash buyer. Why not ask if your asking price for your 'half -house' is realistic -why not tell us where it is ? Some of the sharper pinsters will give you a realistic valuation. :lol:


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:54 pm 
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Do you mean it was a full house in 2006 but only half a house in 2010? Thats happening a lot these days :)

I would say wait, read the pin for many months before you make such decisions. Just for a bit of insight. Its 250k after all, that would buy an awful lot of playstations. You'll discover recurring themes here such as the fact that what seemed like just a little money a few years ago is actually an enormous amount of money post-bubble. You should be able to find a graph somewhere that shows how far the bubble went up. My guess is that it will go back to where it started from.

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(Le Petit Prince, Antoine de Saint-Exupery)


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 Post subject: Re: Should i buy since NAMA is announced
PostPosted: Tue Mar 30, 2010 9:57 pm 
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Pete stash the cash and give it a year or two. Read over the threads, do a search on the pin for buying. There is no reason to buy now.


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