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  1. #21
    an innocent abroad an innocent abroad is offline

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  2. #22
    bonkers bonkers is offline

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    Quote Originally Posted by Jack Walsh View Post
    Bundling up into tranches of hundreds/thousands of properties ensured the only people who could get entry to the firesale party would be these vermin.

    Baldy didn't want the moral hazard of a householder paying 150k on a mortgage of 200k when he could sell it to Vulture vermin for 75k and book another 75k loss for the tax payer, while Vulture vermin went after home owner for full 200k
    Nice f*cked up FG amoral solution to the cluster fu*k FF created
    IMO HepCNoonan is a traitor. He's probably one of the most despicable politicians we've had in recent years.
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  3. #23
    bonkers bonkers is offline

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    Quote Originally Posted by odie1kanobe View Post
    People scream and shout about how these people got a great deal, there was nobody else willing to put in ANY money to buy lame duck propertys and everybody was a property expert. It was a fire sale where you take what is on offer as you really have no negotiating power.

    People were emigrating in thousands and even on P.ie people stating as supposed FACT that there would not be much of a need for new houses for decades.
    Bollix to that. HepCNoonan gave away state assets for next to nothing with a guaranteed profit and allowed the vermin to claim charity status.
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  4. #24
    ger12 ger12 is offline
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    Quote Originally Posted by odie1kanobe View Post
    People scream and shout about how these people got a great deal, there was nobody else willing to put in ANY money to buy lame duck propertys and everybody was a property expert. It was a fire sale where you take what is on offer as you really have no negotiating power.

    People were emigrating in thousands and even on P.ie people stating as supposed FACT that there would not be much of a need for new houses for decades.
    What lame duck properties?

    Of the 26% (38,463) of all buy-to-let mortgages in arrears ine 2014, how many were repossessed?
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  5. #25
    odie1kanobe odie1kanobe is offline

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    Quote Originally Posted by Jack Walsh View Post
    Bundling up into tranches of hundreds/thousands of properties ensured the only people who could get entry to the firesale party would be these vermin.

    Baldy didn't want the moral hazard of a householder paying 150k on a mortgage of 200k when he could sell it to Vulture vermin for 75k and book another 75k loss for the tax payer, while Vulture vermin went after home owner for full 200k
    Nice f*cked up FG amoral solution to the cluster fu*k FF created
    Householder had no access to €150k to be able to buy the mortgage, frankly few had access to €75k as whole deal was based on taking on the property completelty and paying the Govt cash.

    Do tell me how someone buys a mortgage for a property and then administers it.
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  6. #26
    odie1kanobe odie1kanobe is offline

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    Quote Originally Posted by ger12 View Post
    What lame duck properties?

    Of the 26% (38,463) of all buy-to-let mortgages in arrears ine 2014, how many were repossessed?
    You tell me.

    Vulture funds were not buying up mortgages for people who were up to date were they.
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  7. #27
    odie1kanobe odie1kanobe is offline

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    Quote Originally Posted by bonkers View Post
    Bollix to that. HepCNoonan gave away state assets for next to nothing with a guaranteed profit and allowed the vermin to claim charity status.
    Really so what was a 2 bed apartment property bought for 300k at height of boom worth at bottom of market.
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  8. #28
    an innocent abroad an innocent abroad is offline

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    Quote Originally Posted by odie1kanobe View Post
    People scream and shout about how these people got a great deal, there was nobody else willing to put in ANY money to buy lame duck propertys and everybody was a property expert. It was a fire sale where you take what is on offer as you really have no negotiating power.

    People were emigrating in thousands and even on P.ie people stating as supposed FACT that there would not be much of a need for new houses for decades.

    Pure B.S..NAMA was fully funded until 2021 to make sure to get the best benefit for the taxpayers of this country.

    It was NOONAN who arbitrarly decided to close down IBRC, it was NOONAN who decided to offload billions worth of property portfolios during one of the worst homelessness crisis in this state, It was NOONAN in collusion with NAMA who went looking for the Vulture funds and invited them in.

    It was NOONAN, NAMA in collusion with REVENUE who setup SPV, to allow Vulture funds operate as charities thereby circumventing our legal tax ystems.

    It was NOONAN as Minister for Finance who is directly responible for the massive homelessness, evictions, and fxxxxxg rents in this country, and it was his idiot Coveney who tried to pull a fast one with his "Upwardly only rent increases" why?
    As he said on M.O.R..."To make sure investors get a decent return on their investments"

    While taxing the crap out of indigenous landlords.
    Wakeup.
    Last edited by an innocent abroad; 9th January 2017 at 09:17 PM.
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  9. #29
    bonkers bonkers is offline

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    Quote Originally Posted by an innocent abroad View Post
    Pure B.S..NAMA was fully funded until 2021 to make sure to get the best benefit for the taxpayers of this country.

    It was NOONAN who arbitrarly decided to close down IBRC, it was NOONAN who decided to offload billions worth of property portfolios during one of the worst homelessness crisis in this state, It was NOONAN in collusion with NAMA who went looking for the Vulture funds and invited them in.

    It was NOONAN, NAMA in collusion with REVENUE who setup SPV, to allow Vulture funds operate as charities thereby circumventing our legal tax ystems.

    It was NOONAN as Minister for Finance who is directly responible for the massive homelessness, evictions, and fxxxxxg rents in this country, and it was his idiot Coveney who tried to pull a fast one with his "Upwardly only rent increases" why?
    As he said on M.O.R..."To make sure investors get a decent return on their investments"

    Wakeup.
    I think he is one of those investors.
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  10. #30
    ger12 ger12 is offline
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    Quote Originally Posted by odie1kanobe View Post
    You tell me.

    Vulture funds were not buying up mortgages for people who were up to date were they.
    No you don't.

    The market was manipulated by FG policy.
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