This has proabably been covered already in various threads but I see no harm in asking again especially since people were criticising "non-relevant" threads in the Development section.

I hate the Sindo but its the only paper they buy at home and I was reading the economist of Newstalk article on NAMA.
He seems to think that the government are not interested in having house prices go back to boom levels but suggests that they should for the million homeowners who are now in negative equity.
But is it not important that we don't go back to that sort of craziness?
I know 1 million mortgage owners will end up paying more for there home than it is worth but is that not a necessary evil?

Do we need/want house prices to go back to boom levels?
Does NAMA encourage this?

And if so, will it not just all happen over again?