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Thread: Fears NAMA scheme will inflate property market

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    Politics.ie Member Dreaded_Estate's Avatar
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    Default Fears NAMA scheme will inflate property market

    Coalition alarm at Nama property scheme - The Irish Times - Wed, Sep 28, 2011

    It could also prevent homebuyers from realising their homeownership aspirations by preventing prices falling further.

    Nama is hoping to launch its "deferred purchase" scheme on a trial basis later this year by arranging the sale of about 750 homes.

    The agency does not need Government approval for the scheme to proceed, but says it "wants to bring all relevant stakeholders into the process".

    In a letter to Minister for Finance Michael Noonan last month, Minister for Housing Willie Penrose warned that "activating the market through incentives . . . appears to run counter" to Government policy.

    A Nama spokesman said its plans were "not an attempt to call the bottom of the market".
    Hopefully the government continues to see sense and not be fooled by NAMA gimmicks and sleight of hands to obscure the true price of property in Ireland

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    Politics.ie Member Disillusioned democrat's Avatar
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    Fear it might....sure that was the basic objective from the outset...maintain high property prices to continue the FFriends lifestyle.
    The more things change....

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    Politics.ie Member nonpartyboy's Avatar
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    This is just akin to the affordable housing schemes, and we all know how that worked out, the people who bought them were shafted. The allsops auction is where prices are at, you can be guaranteed nama will be selling it stuff higher than this, therefore there is no "deal", just more messing around with the market.

    People can keep renting a lot longer than nama can try and keep property prices from falling.

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    Politics.ie Member theloner's Avatar
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    And who is surprised at this. Whenever a financial crisis happens, the greedy financial dogs use the crisis as an excuse to transfer wealth from the people to themselves. NAMA republic, FF, shame on you and for generations to come. As Josep Stiglitz said about it 'this bank bailout is a simple transfer from taxpayers to bondholders, and it will saddle generations to come'. I hope this lingers long in the memories of the Irish for years to come.
    'Travel is fatal to prejudice, bigotry, and narrow-mindedness'.

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    Politics.ie Member neiphin's Avatar
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    Quote Originally Posted by Disillusioned democrat View Post
    ..sure that was the basic objective from the outset...maintain high property prices to continue the FFriends lifestyle.
    and we were different , we were going to have a soft landing
    "If we VOTE YES there will be no more austere budgets. Fact " Hammer, mayday 12'

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    Politics.ie Member dresden8's Avatar
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    Quote Originally Posted by Disillusioned democrat View Post
    Fear it might....sure that was the basic objective from the outset...maintain high property prices to continue the FFriends lifestyle.
    And that traitorous bastard Lenihan gets a free ride from so many people on this forum and in the public just because he had the good grace and timing to fnck off and die.

    His enduring legacy.

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    Politics.ie Member Johnnybaii's Avatar
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    Brendan Burgess on radio 1 talking about this now - " I supported NAMA but now it's trying to artificially affect the Market and that's wrong"

    What a gob************************e.
    Last edited by Johnnybaii; 28th September 2011 at 10:16 AM.

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    Politics.ie Member Mister men's Avatar
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    Quote Originally Posted by dresden8 View Post
    And that traitorous bastard Lenihan gets a free ride from so many people on this forum and in the public just because he had the good grace and timing to fnck off and die.

    His enduring legacy.
    Lenny gets no free ride from me, the man was a deceitful crook of the lowest standard.

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    Politics.ie Member Disillusioned democrat's Avatar
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    Quote Originally Posted by Mister men View Post
    Lenny gets no free ride from me, the man was a deceitful crook of the lowest standard.
    There was a time on this board that any criticism of Sir Lendahand was greeted with howls of abuse from his loyal fan base - possibly the 100s of overpaid, underworked developers, estate agents and solicitors working for NAMA.
    The more things change....

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    Politics.ie Member Thekinghasnoclothes's Avatar
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    Our only salvation is to deepen the banking crisis not try and fix it by carrying the burden ourselves.

    The big picture is that Europe will have to pick up the tab.

    NAMA stitching up 8000 suckers is not part of the solutiuon. Let the market crash and find its own bottom.

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