Asking prices are useless, sellers are deluded.

As a poster on the pin put it quite succinctly yesterday...

You can only sell for what it's worth but you can rent for what you can get.

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The future saviour of the Irish Economy:
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case closed

name the other trenchant defenders of bank rescue\NAMA on here, we can have fun going through their posts too

3 years ago morons like you are saying there would be no crash. Then ye said there would be a soft landing, then your hero The Perjurer said that people who "talked down" the house bubble should commit suicide.

Then we had a complete crash.

When property tax is introduced expect to see further significant drops in prices. It's about time this govenment got off it arse and introduced this along with a national register of sales prices so that the consumer knows what houses are selling for and not the asking prices which mean shag all in the current environment.

OK, happy to agree with you on all this - but don't know how to change the title thread! Mod?!

@MPB, daft economist had an article in the Irish Times in September talking about this very issue:
The importance of getting NAMA’s core assumptions right
It contains this graph which shows the market rebound needed by 2020 for NAMA to break even...

Well that would demonstrate how dumb your post was. You obviously think "here" represents reality.

This will not bother them as NAMA was only ever intended to make the Golden Circle of insiders even richer now that the tribunals have to be replaced.

Just look at the auditing firms, solicitors and estate agents acting as consultants and you will see that they are the same firms that acted fot Anglo and the other delinquent Banks we are being forced to prop up.

No wonder they do not want an inquiry until after NAMA is up and running as they want the insiders in place first.

it would be an interesting exercise to update that graph in order to acknowedge the further deterioration since September (when Lenihan called the bottom of the market )

the piece of fiction known as 'the NAMA business plan' has gone from 'fiction' to the 'fantasy' shelf

On what basis ?

Are you saying that house prices in the Uk would rise massively of they got rid of Council tax ?
You data to back this up is where exactly ?

House prices are only comparable when you are comparing like with like and with few sales you are pretty much comparing little.