I won't be chasing the bottom either. Foolishly listening to a popular opinion on here of further drops cost me circa 100,000 euro through subsequent price increases and 5 extra years of renting. Will buy in the next few months and end the torture of speculation on which way the market is going.
Its really only the past 18 months that the popular opinion on here was wrong but even at that some people called the bottom spot on e.g. 2Pack. The problem is most people chose not to listen because it went against what they wanted to hear. The pin is the place where people come to reaffirm their own belief about where they see (or want to see) property prices heading. They tend to block out opinions that contradict their own. The biggest lesson I've learned over time on this site is to listen to both the bulls and the bears rather than ignoring the bears as I did when I started.
the very essence of this site is ultra bearishness to a crank level and then some
its like this with the property market
Dublin south hit the bottom the end of 2011
Dublin north hit the bottom the spring of 2012
galway city hit the bottom the end of 2012
cork city around the same time
commuter belt hit the bottom the third quarter of 2013
limerick city hit the bottom last summer
the media was incredibly slow in reporting the property recovery but that's because the media either over eggs it on the upside or the downside , once the narrative sets in , it takes a while to reverse