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Public Emotional response to house market
Poll ended at Sat Oct 02, 2010 3:53 pm
Optimism 1%  1%  [ 1 ]
Excitement 0%  0%  [ 0 ]
Thrill 0%  0%  [ 0 ]
Euphoria 0%  0%  [ 0 ]
Anxiety 1%  1%  [ 1 ]
Denial 27%  27%  [ 30 ]
Fear 40%  40%  [ 45 ]
Desperation 14%  14%  [ 16 ]
Panic 4%  4%  [ 5 ]
Capitulation 3%  3%  [ 3 ]
Despondency 8%  8%  [ 9 ]
Depression 2%  2%  [ 2 ]
Hope 0%  0%  [ 0 ]
Relief 0%  0%  [ 0 ]
Total votes : 112
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 Post subject: Q4 2010 survey of Irish Market - Market cycle of emotions
PostPosted: Thu Sep 02, 2010 3:53 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 | January 2010 | April 2010 | July 2010

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 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 3:55 pm 
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Somewhere between denial and fear. I went for fear.

I think Denial is still there, though not so much in the "this actually isn't happening", as "yeah so it happened, but everything will be ok again soon now".

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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 3:57 pm 
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You probably should have plumped for hope so!

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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 3:59 pm 
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coc wrote:
You probably should have plumped for hope so!


We didn't go through any of the other stages though...

Capitulation, panic, desperation.... I have seen nothing to suggest this on a large scale.

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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 4:10 pm 
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Location: BubbleBurst Ireland
Middle Class and retired..............................................................................................Denial
Middle Class and 40 something with two mortgages and childrem at school of college ............Fear
Middle Class and as above plus just been handed redundancy .....................................Desperation

Now to be honest it could be any class if there is such a thing nowadays but above is how I see it. Quite simply depending on your financial circumstances determines where you are on the cycle but from an overall perspective the more unemployment and the more bad news the further along the cycle we move, the problem will be if we get stuck at the bottom of it and for how long? :shock:

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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 4:15 pm 
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Denial is undergoing a dead cat bounce...

edit: though I accept what spqr is saying.

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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 5:02 pm 
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Q4 already????
I must have slept through September

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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 5:04 pm 
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Esselte wrote:
Q4 already????
I must have slept through September

History states September is Q4.

So one must blindly follow!


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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 6:08 pm 
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yoganmahew wrote:
Denial is undergoing a dead cat bounce...
edit: though I accept what spqr is saying.

Denial is undergoing a dead cat bounce...+1

Denial has been around far longer than most of us would have expected.
I think the very good summer we've had this year maybe added to this
but when the short dark(4:30) winter days start to close in we might finally move on to fear.
I remember thinking back in 2006 when the debt fueled psychosis was at it peek that the
six straight weeks of sunshine and best summer on record were adding to the elation.

They say people who suffer from S.A.D. (depression due to lack of sunlight, vitamin D)
should not make life changing decisions during the winter months,
there should be a similar warning when it comes to buying property during the long giddy
days of summer, though it is great for the VIs rounding up the last few suckers.

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The double dip is propaganda, This Is A Depression.

Anyone thinking of buying property over the next 2 years needs locking up for their own protection.
(a slight variation of HouseBuyers quote) http://thepropertypin.com/viewtopic.php ... 08#p413608

“The most significant economic event of the era since World War II is something
that has not happened: there has not been a deep and long-lasting depression.”
(Hyman Minsky 1919-1996)


Last edited by Arbitrager on Thu Sep 02, 2010 9:35 pm, edited 1 time in total.

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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 6:20 pm 
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Denial. When you bring the subject up, people just don't want to talk about. It doesn't help that the Irish media are doing their best to distract everyone from what is going on. I don't really care that Clowen is smoking in Croke Park but I do care that he has sold my future, and that of my children, down the swanee. IMHO, it'll take a seismic shock to jolt the Irish out of Denial. We're slow to face up to reality and very easily distracted by trivial nonsense. Long way to go for the market and even longer way to go for market emotion.


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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 7:01 pm 
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I think Ireland has managed to add another emotion to cycle; Confusion.

People don't know what the fuck to do; so their sticking their heads in the sand, & praying to Jeebus

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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 7:04 pm 
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who's in denial?? Everyone has well and truely accepted we've had a severe recession and things aren't getting any better...things will turn around, but it will take some time. I think people have now acceptedd how screwed this country is and aren't waiting on a miracle anymore


or am i in denial?? :)

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Stock prices have reached what looks like a permanently high plateau


Gold and Economic Freedom by Alan Greenspan - 1966
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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 7:06 pm 
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conork wrote:
who's in denial?? Everyone has well and truely accepted we've had a severe recession and things aren't getting any better...things will turn around, but it will take some time. I think people have now acceptedd how screwed this country is and aren't waiting on a miracle anymore


or am i in denial?? :)


Have you looked at the Asking price of a modest 3-Bedroom house in Roscommon lately ?

Or .5 of an acre with a vague possibility of PP within 30 miles of O'Connell Street ?

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"Mr Kelly said Ireland’s “reputational capital” had been damaged by “chancers” such as ex-Anglo Irish Bank chairman Seán FitzPatrick, who had been abetted by “buffoons” such as former financial regulator Patrick Neary, Minister for Finance Brian Lenihan and the Taoiseach." - Irish Times 13th Jan 2009

"If you can't be a good example, then you'll just have to be a horrible warning." (Catherine Aird)


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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 7:33 pm 
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Fear ......Personally feel that joe public is beginning (and i mean just beginning) to look at property in terms of affordability ....ie relative to actual income. Having a jumbo mortgage now is like carrying a sandwich board with I f**CKED UP BIG STYLE on it. Nobody wants them even if the banks would give them and the people who have been trying to sell for the last two years are starting to realise this. Roll on Desperation.


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 Post subject: Re: Q4 2010 survey of Irish Market - Market cycle of emotion
PostPosted: Thu Sep 02, 2010 8:12 pm 
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I voted for fear last time out.

I have reverted to denial this time.

We may pay for all this expensive dilly-dallying in denial with a white-knuckle ride through the rest of the cycle.

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