„Das System ist kaputt“: Die Geschichten unserer Leser über den „Wahnsinn“, auf ein Haus in Irland zu bieten
https://www.thejournal.ie/readers-stories-bidding-on-house-ireland-6952366-Feb2026/
Von Banania2020
„Das System ist kaputt“: Die Geschichten unserer Leser über den „Wahnsinn“, auf ein Haus in Irland zu bieten
https://www.thejournal.ie/readers-stories-bidding-on-house-ireland-6952366-Feb2026/
Von Banania2020
11 Kommentare
Anything to do with Estate Agents/Auctioneers is so shrouded in secrey it’s ripe for abuse.
Is it just me or is this a terrible article.
i know the process needs fixing but this seems to be people who dont understand how auctions work or that the seller doesnt have to sell complaining.
Currently being asked to bid against ourselves on a house that’s already above asking price. With no assurance that any new bid would even suffice as they won’t tell us the „real“ asking price
Fundamentally so many of the housing issues in Ireland result from there being too few houses for too many people. People are desperate to get some security in their living conditions. So anything or any system based around that is going to get broken be it the bidding process or anything else. The current blind bidding process is broken and yes estate agent are predatory but they are symptoms of the larger issue.
Not saying we shouldn’t do something to fix these issues but if they don’t address the fundamental problem, it will just be whack a mole, another problem will crop up because of it.
All opposition amendments rejected in the debate for the tenancies bill last night. Government ignoring everyone
I feel like this type of story about crazy bidding is constantly being posted here.
It has got to the point that posts like these start sounding like „Breaking News: Water is Wet“.
The situation is obviously terrible, but that’s… obvious.
These stories don’t even serve a purpose anymore. People will piss and moan and get sad and say, „Isn’t it awful?“ There’ll be news about opposition parties‘ popularity rising in the polls and a big song and dance made of that. Then, hey presto, FFG will give goodie bags to the easily hoodwinked and will spread scary stories about tax increases, and the auld heads will vote them back in.
So, all these stories do is depress people. They don’t change minds. They don’t unearth something we don’t already know; they just demoralise.
I haven’t even read it, but I know exactly the discussion.
We dance around it, because everyone wants a bidding system which works better when they’re buying a home, but they would never accept it when they’re selling.
Legally, we’ve a bit stuck because the constitution require the state to defend individual property rights. So laws which would require someone to sell a property when they don’t want to, are potentially unconstitutional. CPOs work around this because they are only used in the public interest and because the property owner is handsomely compensated.
A law which said, „If you list a house for sale at a price, then you must sell at that price, no higher“, would collapse a government. Like I say, this sounds great when you’re the person buying the house. When you’re the person selling it, maybe not so much. The idea that legally you’re not allowed to change your mind…makes people uncomfortable.
It would immediately lead to the practice of not listing prices for houses, instead putting „POA“ everywhere. Or deliberately listing it 20% higher, and everyone then knows – wink-nod – that you put in a bid 20% below and start from there.
The „system“ isn’t broken… supply is too low for the demand for housing. It is that simple.
The system isn’t broken it’s working the way it’s supposed to
The other effect of this is that if you have one house in an estate where the bidding goes crazy, all of a sudden the asking price of future sales goes up for that estate.
For example, a neighbor of mine got into a ridiculous bidding war for his house and he ended up paying 125K above asking for the house. Subsequently all asking prices in the estate have been elevate since then because of this one house.
I know the Journal is shite, but this really is dreadful journalism.
There are two simple ways to sell a house used by most countries.
In one system, people can bid on the house, and whoever pays the most money wins. This is how almost everything works. That’s what’s being complained of.
The other system – which some countries do use – requires you to set a minimum price to sell a property.
If I own a house worth X, in Ireland I can set the price at a level below X to encourage interest, knowing bidders will likely reach X. In, say, France, I can’t do that.
Let’s imagine X is €750,000.
In Ireland I can set an asking price of €600k, attract bidders, push for €750. If it’s worth more, I might even get more bids and go up to €800k.
What’s happening here is that people are claiming this is unfair, which is based upon the false premise that the house was actually worth the asking price.
Meanwhile, in France, or whatever example you use, I just set the asking price at €1 million. I know nobody will pay that, but it will get be bids close to €750k, and I might get lucky and have some lunatic pay €1 million.
In both cases, the cause of price increases is *demand* not the system or mechanism of sale.