Lenihan wants to keep rents/prices high but

[Eamonn76]

Is it true that The Phoenix magazine are reporting that reforms to leasing law are being delayed because of Nama? If laws were reformed before Nama it might slightly reduce the giant free gift Lenihan could justify giving the banks for their property loans.

[Cael]

That and high cost of government provided services which high PS salaries drive up costs of.

Well, thats a chicken and egg scenario. Wages need to be high while the cost of accomodation remains so high.

[Eamonn76]

The fact is that if we keep property prices high & property rents high we have to bring down other things to gain competitiveness. Lenihan wants all the adjustment to be done by lowering workers wages. We should help those in negative equity not help the banks that put them there. We should drastically reform personal bankruptcy. Instead we are trying to artificially inflate the value of flooded fields in Leitrim, empty hotels in Limerick and empty luxury estates in Longford.

[cactusflower]

The level of vacancy will drag rents down no matter what Lenihan wants. Water finds its own level.

[hammer]

We might be over analyising the Irish situation.

We cannot reduce the prices of everything. If we do the public servants & private sector workers that are already in high cost mortgages are snookered.

If wages, house prices, retail prices fall great if you are 22/23 getting into employment for the first time. Great if you have lost your job but have no mortgage.

The new poor are the middle class home owners that bought in the last 5/6 years and have increasing interest rates to look forward to.

I`ve said it before and I`ll say it again, anyone setting up a small business in this country is an idiot. There are no extra advantages and the costs & hassle involved far outweigh the benefits.

If any of us had real balls we would take our kids out of school and emigrate to some country where they have morals, ethics, society in fact the opposite of this nod & a wink corrupt, tax evasion country where "superstars" earning €250,000 per year can qualify for tax exemption.

[Eamonn20Bn plus interest]

[QUOTE=hammer;2245018]We might be over analyising the Irish situation.

We cannot reduce the prices of everything. If we do the public servants & private sector workers that are already in high cost mortgages are snookered.

QUOTE]

If we don't reduce commercial property prices and rents business will suffer.
Another example of how NAMA will cost jobs.