Aftershock, Ghost Land, slum estates.

[cozzy121]

I felt sorry for that guy, he had a good business before he became a developer. I believe he supplied materials and gravel for the construction industry. He would have made a killing supplying the local authorities with salt and gravel had he made it through, I'm guessing.

Fair play to him for truckin away, he keeps the remaining unsold houses in good nick by all appearances they might shif one day.

He believed bertie's property bubble lies and became part of it, I'm afraid he deserves his fate, as does the rest of the nation.
How else will we learn to never to vote for bertie's party again?

[hammer]

All these half built houses must be sold no matter what the price. Why are they delaying. The houses are rotting away, no heat etc......

SELL SELL SELL

How many houses have the Dept of Housing bought for social housing in the last 24 months ?

[CookieMonster]

All these half built houses must be sold no matter what the price. Why are they delaying. The houses are rotting away, no heat etc......

SELL SELL SELL

How many houses have the Dept of Housing bought for social housing in the last 24 months ?

I have been saying this for over a year now. The only possible reason why it's not happened yet is that mistaken belief that the price of houses will go up again, when in fact they should and probably will fall abother 20-30%. It's the same weirdass belief that these developers had that the price would never go down! It's pure madness.

I was chatting to my Dad, who has been in the construction industry for years but actually ran his own business though the 80s and knows how money is made rathere then borrowed, and he was saying that he would love to get his hands on one of the undeveloped sites here in the docklands, but it for a tenth of what it was valued at in 2006/2007 and develop it using a team of currently unemployed tradesmen, with materials bought from struggling suppliers, finish it to a high standard and sell the units at cost and in doing so tare the a[COLOR=black]rs[/COLOR]e out of "the market" and get all these idle properties sold.

Everything has a price and if it's just €5 for a half built 3 bed semi in Longford then so be it. Just sell the damn things, return whatever money they make to the banks, wind up the development companies, liquidate the banks and start over. This death by 80 billion papercuts will destroy this country.

[hammer]

Good post Cookie

Will it happen. No

The longer the NAMA gravy train stays in the Station the better for the consultants, employees, experts, solicitors, accountants etc.........

[CookieMonster]

Good post Cookie

Will it happen. No

The longer the NAMA gravy train stays in the Station the better for the consultants, employees, experts, solicitors, accountants etc.........

Don't... just don't go there. It's nearly Friday and that nonsense just makes me so angry.

[hammer]

€250 million a year, every year for the next 10 years in FEES

Only the little people pay taxes & LOSE THEIR JOBS.

[Potatoeman]

He believed bertie's property bubble lies and became part of it, I'm afraid he deserves his fate, as does the rest of the nation.
How else will we learn to never to vote for bertie's party again?

He's calling for jail time for bankers who "created this situation" when he borrowed money from them and had no problem trying to get as much as possible from people as he could. This is the same self serving crap we have to hear from people with multiple properties that had no questions of conscience getting as much as they could from tenants and buyers while fuelling their own destruction.

[hammer]

Why doesn`mt NAMA do a deal with myhome.ie and DAFT and get all those properties on the market immediately.

As I said before a nice semi detached 3 bed on the grounds of Tulfarris Hotel, free lifetime membership would do nicely if the price circa €100,000

[the real athair_siochain]

I have been saying this for over a year now. The only possible reason why it's not happened yet is that mistaken belief that the price of houses will go up again, when in fact they should and probably will fall abother 20-30%. It's the same weirdass belief that these developers had that the price would never go down! It's pure madness.

I was chatting to my Dad, who has been in the construction industry for years but actually ran his own business though the 80s and knows how money is made rathere then borrowed, and he was saying that he would love to get his hands on one of the undeveloped sites here in the docklands, but it for a tenth of what it was valued at in 2006/2007 and develop it using a team of currently unemployed tradesmen, with materials bought from struggling suppliers, finish it to a high standard and sell the units at cost and in doing so tare the a[COLOR=black]rs[/COLOR]e out of "the market" and get all these idle properties sold.

Everything has a price and if it's just €5 for a half built 3 bed semi in Longford then so be it. Just sell the damn things, return whatever money they make to the banks, wind up the development companies, liquidate the banks and start over. This death by 80 billion papercuts will destroy this country.

If Houses are sold on the cheap. many of our landlord politicians could go bankrupt when those who are paying the mortgages (the tenants) leave our shores, how many greedy landlords are standing in the wings waiting to buy on the cheap. to rent out.???????

[Potatoeman]

If Houses are sold on the cheap. many of our landlord politicians could go bankrupt when those who are paying the mortgages (the tenants) leave our shores, how many greedy landlords are standing in the wings waiting to buy on the cheap. to rent out.???????

Define cheap the average price for a house is two to four (where four is reaching unsustainable prices) times the average industrial wage. Houses are still overpriced. Just because houses were worth up to a million euro during the bubble does not mean that half or a quarter that price is a good deal. It’s just a house.