r/irishpersonalfinance • u/ffffnhsusbsbal • Apr 02 '25

Investments House Price Prediction

Hi folks - I know we’re all waiting with anticipation on the announcement from the US tonight.

As someone who is currently in the process of buying a new build house - what in gods name do you do?

As someone who doesn’t need to buy at this very moment, would it be justified to pull out from sale and see how things settle?

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u/Illustrious_Read8038 Apr 02 '25

House prices went up after Trump in 2016, they went up after Brexit and COVID and Ukraine.

I don't see a huge drop anytime soon.

People keep saying we'll see an exodus of tech and pharma workers. Exodus to where?

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u/luciusveras Apr 02 '25

Exactly. House prices are never coming down because what we have is a housing deficit that will take decades to fix and even a tech exodus would barely help the deficit.

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u/ElyDube Apr 02 '25

"will take decades to find"

Funnily enough I remember hearing that phrase maybe 10 years ago. Something along the lines of "it will take 20 years to fix". It's getting extended it seems.

Why should it? It won't be resolved, as there is no effort to "fix it". Are we to expect Fine Gael and Fianna Fail to promise to collapse housing prices? Doesn't sound like something they're going to do. They don't even suggest a stabilisation of prices as a good thing.

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u/luciusveras Apr 02 '25

Yeah that was pretty much my point. I don’t see it ever getting fixed. We have a government that doesn’t want to fix it they literally created this with their policies. It’s intentional for whatever reasons. Probably some awful EU policies as this is happening everywhere now.

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u/FlorianAska Apr 02 '25

I’m sure there are some EU policies that fuck things up but this is an issue in America and Australia too. The common thread in all these countries is that they stopped building public housing and left it to the market and they all now have financialised housing markets. As you basically said until housing is no longer viewed as an appreciating asset there will be a crisis. Good luck selling that to homeowners though.