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Public Emotional response to house market
Poll ended at Tue Feb 02, 2010 12:13 pm
Optimism 1%  1%  [ 2 ]
Excitement 0%  0%  [ 0 ]
Thrill 0%  0%  [ 0 ]
Euphoria 0%  0%  [ 0 ]
Anxiety 2%  2%  [ 3 ]
Denial 15%  15%  [ 22 ]
Fear 45%  45%  [ 65 ]
Desperation 17%  17%  [ 24 ]
Panic 3%  3%  [ 5 ]
Capitulation 7%  7%  [ 10 ]
Despondency 6%  6%  [ 9 ]
Depression 0%  0%  [ 0 ]
Hope 1%  1%  [ 2 ]
Relief 1%  1%  [ 1 ]
Total votes : 143
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 Post subject: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:10 pm 
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Previous polls: September 2007 | January 2008 | April 2008 | July 2008 | September 2008 | January 2009 | April 2009 | July 2009 | September 2009

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: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:11 pm 
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poll questions??


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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:13 pm 
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BoyRacer wrote:
poll questions??

:) - Caught me mid-edit!

Fixed now.


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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:15 pm 
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Fear - that NAMA won't put a floor under prices...

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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:17 pm 
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Of Systemic Importance

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I still feel like it is fear.


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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:19 pm 
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Too Big to Fail

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Panic as the amateur 'wannabe' property moguls of Ireland finally realise they were sold a pup, and their erstwhile friends in the banks come looking for their money.

The few conversations I had with people over the Christmas, those who had been 'investors' and those who ended up with property they now can't shift or even let, there was what I took as the beginnings of a begrudging acceptance of the reality and depth of the problems facing the Irish property market over the short to medium term.

Blue Horseshoe

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"Housing traditionally is not viewed as a great investment. It takes maintenance, it depreciates, it goes out of style". "So, why was it considered an investment? That was a fad. That was an idea that took hold in the early 2000's. And I don't expect it to come back. Not with the same force. So people might just decide, "I'll live in a rental." That is a very sensible thing for many people to do". Prof. Robert J.Shiller, Nobel Laureate in Economics, Feb 2013.


Last edited by Blue Horseshoe on Sun Jan 03, 2010 12:23 pm, edited 2 times in total.

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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:22 pm 
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Property Magnate

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I think it is still at the fear stage. Clicked on fear and then scrolled down to submit and when I checked my vote it had obviously scrolled down at the same time to panic!!! Doh! :oops: . Although maybe it's trying to tell me something!!. Anyway fear but I wonder how long it will take for desperation to set in, especially when all the Christmas/ heating etc bills come in?

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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:29 pm 
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songster wrote:
I think it is still at the fear stage. Clicked on fear and then scrolled down to submit and when I checked my vote it had obviously scrolled down at the same time to panic!!! Doh! :oops: . Although maybe it's trying to tell me something!!. Anyway fear but I wonder how long it will take for desperation to set in, especially when all the Christmas/ heating etc bills come in?

You can change your vote!

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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:33 pm 
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Speculator

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Posts: 401
I think we are slipping into the fear stage. However, I think some people are still in the denial stage, thinking that NAMA will save the day.

Anecdotal. A friend of mine sold her house in Dublin 20, a two bed townhouse and I know she lost approx 40K on it. Bought in early 2003 for 267K and sold in December 2009 for 225K. Is now waiting to close on a 4 bed for about 300K.

Another friend bought in Meath and is still under the illusion that they are not in negative equity as house asking prices in their estate are still above the price they paid for their house. I still think some people don't have a clue.


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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:34 pm 
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Property Magnate

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Ah thanks Yoganmahew! I didn't realise.

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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:35 pm 
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Too Big to Fail

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We have been at the fear stage for the last two years!

I think every poll since Q12008 has given the same result.


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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:39 pm 
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Holiday Home Owner

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Posts: 323
I'd say Desperation begins with Interest rate rises. Fear is what has paralysed the market, Desperation is what will force the start of distressed sales IMHO.

Nate


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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:47 pm 
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Holiday Home Owner

Joined: Nov 30, 2008
Posts: 326
The incessant crap coming from MSM over Christmas "keep it positive"...Mary Mcaleese jesus!...has knocked the fickle public mood back
into denial.....we've a long way to go.


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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 12:48 pm 
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Holiday Home Owner

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Given the huge differences in price drops around the country would it be worthwhile doing this on a regional basis?


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 Post subject: Re: Q1 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Sun Jan 03, 2010 1:08 pm 
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Homeless

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Fear and Delusion (by proxy),

EAs still using the phantom bid tactic (and it backfiring against them)
Vendors still refusing to admit that the Irish property scene has had its day (still wanting Hollywood prices for dogboxes)

but worst of all, our VI Government increasing the woes of this and future generations by sadistically (utterly disgraceful) attempting to reward those who have caused this disgrace (and will unflinchingly do so again when the opportunity is created for them in the future)


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