It's a good idea to invest money now, real estate is a good investment. I'm going to look at a house tomorrow, when these houses were built they were close to 200K UK£, the guy selling is asking for 100K, he needs a quick sale so were willing to help out there .
Ireland is riddled with 'ghost estates' basically housing estates that NOBODY lives at, scores of brand new houses that when built had a price of 200K+ lying completely empty because people are not buying!
If your looking to invest IMO you should look into commodities, look at weed for a good example. Ireland has been one of the hardest hit with the orchestrated financial crisis/depression, now bars/nightclubs have quietened down BIG TIME, the streets are dead now and I should know because I live in a busy area in the vicinity of several pubs/bars within 5 seconds walk. But weed is going on a roller coaster ride UP in price. I have a friend that gets 9,000 Euro per Kilo in the south of Ireland and the guys down there can't get enough. I know in the USA things are different because of the legality situation of the cannabis, it's going into a downward spiral in regards to it's value. Now Ireland has a long way to go before we get any proper medical cannabis legislation (A HELL of a way to go) and we are 5 years +/- behind England.
HGO
Ireland is riddled with 'ghost estates' basically housing estates that NOBODY lives at, scores of brand new houses that when built had a price of 200K+ lying completely empty because people are not buying!
If your looking to invest IMO you should look into commodities, look at weed for a good example. Ireland has been one of the hardest hit with the orchestrated financial crisis/depression, now bars/nightclubs have quietened down BIG TIME, the streets are dead now and I should know because I live in a busy area in the vicinity of several pubs/bars within 5 seconds walk. But weed is going on a roller coaster ride UP in price. I have a friend that gets 9,000 Euro per Kilo in the south of Ireland and the guys down there can't get enough. I know in the USA things are different because of the legality situation of the cannabis, it's going into a downward spiral in regards to it's value. Now Ireland has a long way to go before we get any proper medical cannabis legislation (A HELL of a way to go) and we are 5 years +/- behind England.
HGO
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