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Public Emotional response to house market
Poll ended at Fri Dec 26, 2008 2:57 pm
Optimism 0%  0%  [ 0 ]
Excitement 0%  0%  [ 0 ]
Thrill 0%  0%  [ 0 ]
Euphoria 0%  0%  [ 0 ]
Anxiety 2%  2%  [ 2 ]
Denial 9%  9%  [ 9 ]
Fear 54%  54%  [ 55 ]
Desperation 23%  23%  [ 23 ]
Panic 10%  10%  [ 10 ]
Capitulation 1%  1%  [ 1 ]
Despondency 1%  1%  [ 1 ]
Depression 0%  0%  [ 0 ]
Hope 0%  0%  [ 0 ]
Relief 0%  0%  [ 0 ]
Total votes : 101
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 Post subject: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 2:57 pm 
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Previous polls: September 2007 | January 2008 | April 2008 | July 2008

Based on general conversations with your friends, colleagues, or intuition what do you reckon the public mood towards the house market is?

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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 5:44 pm 
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Too Big to Fail

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Location: Top of the Bubble
It has to be fear


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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 5:49 pm 
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Location: Over Macho Grande? I don't think I'll ever be over Macho Grande...
Dreaded_Estate wrote:
It has to be fear


With a side order of desperation...

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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 6:06 pm 
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Back Home with Mammy
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Fear though heading towards desperation.


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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 6:17 pm 
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Dunno still a lot of denial out there

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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 6:27 pm 
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Of Systemic Importance

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Denial/fear.


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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 6:38 pm 
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I honestly believe there is a little bit of panic

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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 6:54 pm 
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Back Home with Mammy

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Location: Cork
fear on the way to desperation. people realize whats happening but it will take another few weeks months before desperation sets in

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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 6:59 pm 
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Property Magnate

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Looking at the previous polls, it looks like it'll take another 4 quarters to get to the bottom. October 2009 may be a great shopping season. Till then I'll sit on my deposit and savour my 'no chain buyer' status. I am getting overwhelmed by optimism already.

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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 7:17 pm 
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Neo Landlord

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A friend works for a smallish developer. Judging from what I heard in the pub last weekend its definitely into desperation. Tears, pressure, helicopter gone, offices gone, backs to the wall time.


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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 7:44 pm 
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I think for different segments of the market, the worm is turning at different points:
- existing home sellers - still in denial
- BTL owners - fear (I had two people in the last two weeks ask me how I saw the market going - I didn't even know they had BTLs)
- residential developers - some are in desperation, others are still in fear.
- larger developers - denial while it looks like there will be jobs from the NDP - fear thereafter
- building trades - fear
- EAs and any others connected with buying and selling - desperation

Also, I think the Irish market should properly be split into many markets as the rate of change varies across the country. In places where there have been large-scale job losses, I think we will see desperation quite quickly across all categories.

I think buyers everywhere are still just in hope, as the bubble has gone on so long they can't quite believe that it will end/is actually ending.


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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 7:47 pm 
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From my discussions with friends, aquaintances etc we are past denial now and into the fear phase. I think we may move into panic quite quickly judging by what I have heard from some quarters :shock:


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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 7:57 pm 
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Location: Cork and Kerry
We're in the fear stage IMHO. But only just I think. I still think that there is substantially more fear and loathing to develop.
I think that this winter ahead will help a lot of that to grow.

Significantly with announcements from Mary Harney about taking away the promised flu vaccine, mentioned redundancies within the HSE, Brian announcing a pulled in budget but without telling anyone about it, I believe that all of this will be like the pouring of salt on the wounds of those hurting the most. It's a desperate but not unexpected outcome that these crowd of useless people are going to make a mess of things.

I see winter of discontent.

I see no hope of them doing anything of the thousands of good things that they could do to get this country back on its feet.

I see them borrowing to fund their developer friends. Just more salt for more wounds. It will just drag out the pain and misery.

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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sat Sep 27, 2008 7:58 pm 
time properties are on the market has risen substantially (about 100% during the last 12 months) but prices have just fallen slightly (-10 to -15%)
Public sentiment is approaching panic but market lacks far behind and is still in denial.
Maybe not for long. Last week's news might cause some real movement.


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 Post subject: Re: Q4 2008 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Sep 28, 2008 2:00 am 
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Property Magnate

Joined: Nov 8, 2006
Posts: 500
Owner Occupiers with little to lose - fear
"Investors" out on a limb - desperation bordering on panic.

As eddie hobbs put it,the market has yet to capitulate.

As an aside, new 1 bed apartments for sale in bettytown for €125,000 ,i hear 20 or so were snapped up in the first weekend,some developers are starting to get it.


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