Tom Dunne on newstalk talking property prices and pent up demand. 10:10am Tues.
Amusing how Tom mentions that he bought in 2007 and candidly admits, with a little laugh, that this is why he wants prices to come back up. As far as I am aware, at least one of the other Newstalk pundits who was on also bought around the same time.
One of the callers they had on owned two houses, and supplied anecdotes on three couples he knew who had bought houses in the last three months. Initially, he said he "supposed" that they had managed to sell their houses, but then went on to discuss in detail the process they went through in order to obtain their mortgages. Sounded totally legit...
Another lady who rented, and sounded happy to do so, was asked, incredulously, how she managed to do it, in a tone which would have been appropriate for addressing someone who wore a meatsuit while swimming with sharks.
I did not hear the interview with the renter with a decent deposit who has managed to ignore misleading bullshit like this pushy piece and avoid being chained to an unwieldy mortgage until now and has no intention of buying until there is real value in the market, not relative value. Funny that.