4 ms·

This tight community also did have to accept a high loss to the value of their properties as their houses became unsaleable. It is a mystery to me how all prope

This tight community also did have to accept a high loss to the value of their properties as their houses became unsaleable. It is a mystery to me how all property owner would accept this, when only one or two have an improved view.

Freak_NL 5y ago
The article mentions that the damages awarded by the judge wouldn't suffice to even buy a chicken coop on the island. My guess is that property prices are quite unaffected by this stunt.
- tobltobs 5y ago
  I don't get how you draw the connection between a not satisfying damage award and unaffected house prices. Maybe the real reason why nobody spoke out was the fact that the guy flattening the house was Tory’s biggest employer. The hotel Óstan Thóraigh has been at the centre of island life since the late 1800s. The hotel and general store was supplying everything from salted fish to marine chandlery to the island. The hotel is for sale now. It didn't survived Covid. See https://www.irishpost.com/news/irelands-stunning-tory-island-hotel-put-market-just-e400000-166346 https://www.irishpost.com/news/irelands-stunning-tory-island...
  - ash 5y ago
    The article is from May 01, 2019. Covid didn't exist yet.
ThePadawan 5y ago
Imagine you're retired, you own a house on an island where you like life. Why do you care if your house is "worth" $50k or $1m? Maybe you don't have kids to inherit it. Maybe you consider yourself at home where you're living, so you wouldn't want to sell it anyway.
- maccard 5y ago
  Have you had that conversation with many people who are retired in comfortable positions? I've had it with many family members (Apparently I'm the one who is "good with money things"), and they all _do_ care, despite the fact they will never realize that value.
  - ThePadawan 5y ago
    No, I don't know anyone in that position.
  - hnlmorg 5y ago
    You only care if your kids aren't planning to live there. In small, isolated communities it's common to hand property down (much like farmland) rather than sell. In those cases the cost of the property is more academic as the real value is the community and any sentimental elements (eg "my grandfather built this"/"5 generations of kids were born in this house", etc)
- Angostura 5y ago
  If you're in the UK, that house is probably the main way you are going to fund decent care in a care home in the last 5 years or s of life. You'll care
hnlmorg 5y ago
Places like these are usually populated with people who have lived there their whole lives and plan to spend the rest of their lives there. The cost of the house, to them, isn't a monetary one, it's more a matter of community and sentimental ownership.

Freak_NL 5y ago

The article mentions that the damages awarded by the judge wouldn't suffice to even buy a chicken coop on the island. My guess is that property prices are quite unaffected by this stunt.

tobltobs 5y ago
I don't get how you draw the connection between a not satisfying damage award and unaffected house prices. Maybe the real reason why nobody spoke out was the fact that the guy flattening the house was Tory’s biggest employer. The hotel Óstan Thóraigh has been at the centre of island life since the late 1800s. The hotel and general store was supplying everything from salted fish to marine chandlery to the island. The hotel is for sale now. It didn't survived Covid. See https://www.irishpost.com/news/irelands-stunning-tory-island-hotel-put-market-just-e400000-166346 https://www.irishpost.com/news/irelands-stunning-tory-island...
- ash 5y ago
  The article is from May 01, 2019. Covid didn't exist yet.

ThePadawan 5y ago

Imagine you're retired, you own a house on an island where you like life. Why do you care if your house is "worth" $50k or $1m? Maybe you don't have kids to inherit it. Maybe you consider yourself at home where you're living, so you wouldn't want to sell it anyway.

maccard 5y ago
Have you had that conversation with many people who are retired in comfortable positions? I've had it with many family members (Apparently I'm the one who is "good with money things"), and they all _do_ care, despite the fact they will never realize that value.
- ThePadawan 5y ago
  No, I don't know anyone in that position.
- hnlmorg 5y ago
  You only care if your kids aren't planning to live there. In small, isolated communities it's common to hand property down (much like farmland) rather than sell. In those cases the cost of the property is more academic as the real value is the community and any sentimental elements (eg "my grandfather built this"/"5 generations of kids were born in this house", etc)
Angostura 5y ago
If you're in the UK, that house is probably the main way you are going to fund decent care in a care home in the last 5 years or s of life. You'll care

hnlmorg 5y ago

Places like these are usually populated with people who have lived there their whole lives and plan to spend the rest of their lives there. The cost of the house, to them, isn't a monetary one, it's more a matter of community and sentimental ownership.