Brian Lenihan telling barefaced lies on RTE

[Digout]

This was touched on in another thread, but I think this deserves one of its own.
During the 9pm news tonight RTE carried some propoganda from Brian Lenihan. He reckoned that the letter from the economists in the Times this morning said that there was a 75% crash in property. Lenihan then went on to say, " you can not find one valuer in town who agrees with this".

This is a barefaced lie. Last month in the High court, in the Flemming case, the CBRE valuation report stated that a loan of €22 million would be worth between €500k and €1 million if the project was completed.

For those not great at maths, thats between 2.27% and 4.55%.

RTE failed to report this after the interview, and refused to put this point to him.

Once more a blatant piece of FF lies goes unchallenged. Disgraceful.

RTÉ News: Examiner appointed to Tivway

[fergalr]

You have to know the truth to tell a lie.

[Akrasia]

I think the funny side is "none of the estate agents think property has fallen 75%"
but none of the estate agents are actually selling any property, therefore, they are obviously valuing the properties at much too high a price.

Lenihan can't even blame the banks for not lending because he has to pretend that his guarantees and bail outs are finally loosening up credit availability for mortgages and businesses

[feet first]

I think the funny side is "none of the estate agents think property has fallen 75%"
but none of the estate agents are actually selling any property, therefore, they are obviously valuing the properties at much too high a price.

Lenihan can't even blame the banks for not lending because he has to pretend that his guarantees and bail outs are finally loosening up credit availability for mortgages and businesses

In actual fact , estate agents are so desperate they will sell propety for whatever they get, at the moment they are impoverished.

It is probably the vendors who will not drop their prices below a certain level

However as the saying goes Pride comes before a fall.

[droghedasouth]

Saw this on irisheconomy.ie:

That is a pure Lenihanism - a lie so outrageous that his father must be smiling down on him from the FF version of heaven - after hours drinking and wild games of poker.

[Digout]

Why do RTE not question him properly? Or at very least mention after their interview that he was telling lies?

[DCon]

I wonder if and why FF are trying to completely destroy the country, with the way these ignorant buffoons are running things.

[feet first]

Many of Lenihan "interviews " on RTE more closely resemble party political broadcasts ala Bertie/Dobson

[turdsl]

This was touched on in another thread, but I think this deserves one of its own.
During the 9pm news tonight RTE carried some propoganda from Brian Lenihan. He reckoned that the letter from the economists in the Times this morning said that there was a 75% crash in property. Lenihan then went on to say, " you can not find one valuer in town who agrees with this".

This is a barefaced lie. Last month in the High court, in the Flemming case, the CBRE valuation report stated that a loan of €22 million would be worth between €500k and €1 million if the project was completed.

For those not great at maths, thats between 2.27% and 4.55%.

RTE failed to report this after the interview, and refused to put this point to him.

Once more a blatant piece of FF lies goes unchallenged. Disgraceful.

RTÉ News: Examiner appointed to Tivway

That is correct, it was a terrible revelation not one easy to forget.

[darkhorse]

I know of a small number of houses that have been sold recently in Dublin for around 30% less than their peak value. Obviously there are a lot of other houses not selling at all due to lack of offers or no offers. But, of the few that are selling, they seem to be selling at this type of reduction from peak values.
Of course this may change - prices can go down further. And in a forced sale perhaps a property might only get 5% or its peak value.
But few if any owners are trying that.