House prices down by up to 43% from the peak

[Dreaded_Estate]

So you now are freely admitting there is Nothing behind your claim that a property tax and reduction of mortgage relief would impact prices.

Do you think that the net amount that people have to pay on their mortgage has no effect on the value of the property they can afford to buy?

[odie1kanobe]

Do you think that the net amount that people have to pay on their mortgage has no effect on the value of the property they can afford to buy?

Different question what was claimed without any background was the introduction of property taxes and reduction of Mortgage interest would kill house pricesand when asked no proof was required.

[MPB]

Wasn't that based on the fact that the €47bn property values would only have to increase by 10% to cover the €51bn paid to the banks?

Exactly. Lenihan called the bottom of the property market at a time when it was 18 months from the bottom.

All the spin around the 47 billion and a 7 billion premium was politically motivated in an effort to get the economically illiterate Greens to pass the programme for Govt.

He has said recently that he is now aware that those figures are now obsolete and will need to be revised.

Last April the author of NAMA Peter Bacon stated on national radio that 15% was the fall in property prices because this is what the Permanent/ tsb figures said.

And this thick wrote the plan for NAMA.

[Dreaded_Estate]

Different question what was claimed without any background was the introduction of property taxes and reduction of Mortgage interest would kill house pricesand when asked no proof was required.

Are you arguing that the introduction of a property tax and removal of mortgage interest relief wouldn't have a negative effect on prices?

[Dunlin3]

So you now are freely admitting there is Nothing behind your claim that a property tax and reduction of mortgage relief would impact prices.

I've already outlined my thoughts, it's my opinion, I don't have to prove anything.

[Dunlin3]

Different question what was claimed without any background was the introduction of property taxes and reduction of Mortgage interest would kill house pricesand when asked no proof was required.

Nobody said that the introduction of a property tax and the removal of interest relief would "kill house prices". If you think that they will have no effect on them then you are naive. And again, it's my opinion, I don't have to prove anything.

[sauntersplash]

Nobody said that the introduction of a property tax and the removal of interest relief would "kill house prices". If you think that they will have no effect on them then you are naive. And again, it's my opinion, I don't have to prove anything.

BUt surely you had to prove this opinion to yourself, if you decided to settle on it. Why not share that process with us?

[odie1kanobe]

Nobody said that the introduction of a property tax and the removal of interest relief would "kill house prices". If you think that they will have no effect on them then you are naive. And again, it's my opinion, I don't have to prove anything.

As I said you have no idea and needed to be sure that you were accepting this.

[odie1kanobe]

Are you arguing that the introduction of a property tax and removal of mortgage interest relief wouldn't have a negative effect on prices?

The removal of rates in 1977 had what impact on property prices ?

I would see it as having pretty much little if any impact.

[Dreaded_Estate]

The removal of rates in 1977 had what impact on property prices ?

I would see it as having pretty much little if any impact.

Do you not think that the amount people have to pay monthly for a property alters how much they can afford to borrow? And that the amount they people can afford to pay for a property will have an impact on prices.