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About LinkBacksGerman brokerage Dresdner sees Ireland's top three listed banks writing off E6.3bn of bad loans between them over the next two years - the most pessimistic forecast in the market.
http://www.businessworld.ie/bworld/live ... ?a=2279040
German brokerage Dresdner sees Ireland's top three listed banks writing off E6.3bn of bad loans between them over the next two years - the most pessimistic forecast in the market.
http://www.businessworld.ie/bworld/live ... ?a=2279040
Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1
It also clarifies those comments later in the piece, and is not the full story.Originally Posted by mairteenpak
They also mentioned that property is currently at 2005 prices. I had property valued in 2005, and I also sold property in 2008, I can
tell you that they have gone down past 05 already (in Dublin's suburbia anyway).
Not just claiming 2005 prices but "November 2005 levels"
That isn't just poor it is is downright disgraceful Bank of Ireland are allowed to say it.
Anyone who believes claptrap like this and acts on it, deserves to be parted from their cash.
I sold 4 bed semis in Meath in Sept 2005 for 225K they went to the peak of the market Summer 2007 @ 305K
People are still asking for 280K for them but no one is buying
Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1
Do you have a better measure?
Nothing will motivate the lazy / apathetic / Americanised / west-British types to embrace their culture and the Irish language.
280k today is 243k in 2005 prices taking inflation into account.
If no one is buying who can say what they are worth.Rental yield might me a way, providing you could get a tenant.
Is there one of the three with the lions share of the likely write downs? ( and I am not looking for an answer) beyond yes or no
Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1
As long as there is no state bail out of private banks.
The projected profits figures for the three banks after writeoffs on construction and property loans offset most of the losses,but how can that be in a weak economic environment? Maybe it's the profits [color=#FF4040]before[/color] writeoffs that offset the writeoffs.
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