The Vultures will be out in force at this auction. Buying up families homes from an English Auctioneer (as our own refused en mass as a matter if principle).

Why does it matter whether it’s an English seller?

Bigot.

Because Jump, any Irish estate agent going near these fire sales would need an army escort.

Michael said English Auctioneer,we don’t need these type of people in our Country preying off our Distressed Community’s like Vultures.

Jon the Anti-Eviction Taskforce and assist familys under the threat of Repossession ‘Eviction’. http://www.facebook.com/?ref=tn_tnmn#!/AntiEvictionTaskforce

Well Jump, Im just stating a fact. The houses are being sold by an English Auctioneer. How does that make me a Bigot?

An irish auctioneer with principle,, now there’s a novelty

The “vultures “that are coming out now are only prudent sparrows compared to the vultures that are reponsible for the present calamaity. Nobody was crying out for a cap on the price of land, developers profits, builders wages, auctioneers fees, tax take being spent on public sector pay etc. Not forgetting the wannabe vultures that bought and built stuff they had no idea of how it might be paid for
People with cash to spend/lend/invest are the ones that are going to get things moving again

Little late but don’t care have to say this even tho if anyone sees it i’ll get thumbs down. We’re all in this together, it’s happening to everyone even those who aren’t selling(Like my family) know our house isn’t worth what it was but it’s the whole country so no point in moaning, shit happens in life we just have to build a bridge and get over it. I’m not afraid to admit that if house prices go up before I buy down the line i won’t buy until it comes down to this again, morally wrong or not it puts me in a better standing in the long run as I could be buying a house at auction with a reserve price of €90k and probably get it for less than €150k which will eventually go up again to like €250,000-€300,000 I can sell that and buy in somewhere like Leitrim where houses are always generally cheap. Someones misery is someones luck, it’s just how life works especially in our roller coaster economy whether we like it or not. I’d capitalize no matter what people thought maybe it’s morally wrong but it’s also common sense, sometimes they conflict and we have to choose the option best for us.

High house prices and economic growth are not related. I would much prefer to see young people with reasonable mortgages, that have an element of freedom to move around the country, start their own businesses, spend in the local economy. Basically live normal, productive and hopefully rewarding lives. Paying 1800 a month for a house tends to limit that somewhat.

There are some people here in Ireland who didn’t get involved in the Celtic tiger madness and managed to save a few pounds,and are only able to buy a property now,so not everyone who buys now is not a vulture,believe it or not there a a few people left in the country who don’t live by a credit card.

Buying the Allsopp houses is morally wrong. These are repossessed homes of parents and children. Buying from your high street estate agent at market value is alot more desireable in my mind, where you can now get great value.

the market cannot be manipulated to bottom out by antbody, it’s sales like this that will bring reality to bear , however much the vested intersts E.G , auctioneers dont like it. house prices going up are not going to fix the economy. peole need to realise the ” GOSH, LOOK HOW MUCH OUR HOUSE IS WORTH ” show is over

High street agent, very english term

Michael, How do you define ‘Market Value’?

It is called setting the base. Stopping the spiral down would be frankly as criminal as stoking it on the way up. The quicker they settle at a base, the quicker that they can grow again, people will pile back in, there is a lot of pent up demand there at the moment.

For once I’m agreeing 100% with Tim Henchin. A base can only be found when all available housing is put on the market. This does screw a hell of a lot of people true, but the demand is there from new home buyers, who simply will not buy until the stable base is found. I see it as the silver lining to the debt cloud that is hanging over the generation who are now 15 to 25 years old. There accomodation costs for their lifetimes will have been greatly reduced if they play their cards right.

So th e banks continue to repossess and sell below the cost of the mortgages secured on them, people with distressed mortgages are neither able to sell nor make the repayments, the bank can’t get it’s money back either ways, enter Mr. Taxman for another bailout. Money comes out of the economy in terms of austerity taxing in order to prop up the banks, people who were just about making their mortgage payments now can’t as a result of additional taxation and cuts and another batch of mortgages enter the market below the cost of the mortgages…..this is a vicious circle, and whilst I take your point that a base needs to be set, this is not the way to do it. It needs to be controlled so tht at least someone is left standing at the end.

I think calling it ‘flooding the market’ is a little excessive. There are only a handful of these, none even in Cork for example. The market is if anything, tending towards undersupplied, unless you count ghost estates. The only people selling are banks, and the deceased.

Iain, artificial interventions in the property market in the form of tax incentives etc are some of the reasons we are in the mess we are in, and introducing another set now, for whatever reasons, will not fix anything. Buyers will only return when they think the bottom of the market has been reached – so the sooner the better. Then demand will pick up again and we can get back to a normal market.

And I suppose that you never considered the fact that you could loose your job or that the value of your house could drop when you took out the mortgage?

What about people that have the resources to buy now? Should they be prevented from getting the best value for their money in order that you get bailed out?

Of course you should buy while homes are cheap, but buying a repossessed home is morally wrong, in my mind anyway.

@Michael Hegarty, Morally wrong, do you ever think that buying cheap products in the supermarket might be wronging a supplier somewhere along the chain, or that imported goods might be exploiting third world workers.
when house were overpriced, as they still are, only those about to buy one considered them overpriced, 2 minutes after signing they also wanted the price to go up.

Some Horrible people on here kicking a hard working man when he is down. Hate that attitude. All you did was try to buy a house. Not your fault the whole market was inflated by government, banks and estate agents. Hope things work for you..

There are people in the world far worse off than yourself. People homeless and hungry, people forced in to slavery all over the world. I think YOU should stop to think about that for a while. Maybe then you’ll realise that you’re not so badly off.

And what do u think is happening here JimBob..and what do you think it will be like after the next few budgets..do u think it is right that hospitals are closing so we pay for the Rothschilds unguarenteed private debts!!!!!!! people are having to make the choice..pay the mortgage or feed the kids!!!!

JimBob – and how do you think some of the people you talk about got to be homeless and hungry? In these times as a nation we need to be pulling together and helping out those in difficulties – and pointing out that there are people far worse off does nothing for James.

Ppeople cried out for the free market. little vultures. I’ve yet to hear of anybody that was forced to take out a loan, free choice has consequences.

Martin loans were thrown at people, they were told buy, buy, buy…when the government knew and withheld the information that things were heading towards bust…do you think people would have continued to buy if they had known ???? And if we hadnt had to bail out the banks???

Only one thing puts up the price of anything, that is somebody with the money to buy it

Lots of people chose to ignore their advise and forget about this when they look back. I can remember this being said since ’03.

People had no qualms about selling overpriced shacks for sterling when things were good.

Can you put me in touch with some Irish landlords that will let out property for free

Oh I get it now – all of these properties are own by Brits and they are one again stamping down on us – 800 years an all that old guff! Its an awful pity that irish people hadn’t been able to buy property – what a difference that would have made. How could I have been so blind to the real reasons behind our woes.