Follow @PoliticsIE
 
 
 
Page 1 of 7 12345 ... LastLast
Results 1 to 10 of 62

Thread: "3,250 of NAMA’s Irish homes are lying empty" - NWL

  1. #1
    Politics.ie Member Dublin 4's Avatar
    Join Date
    Feb 2011
    Location
    Vision & Glory
    Posts
    12,986
    Mentioned
    0 Post(s)

    Default "3,250 of NAMA’s Irish homes are lying empty" - NWL

    Nearly a year ago, there was criticism on here that NAMA still didn’t have a proper handle on its Irish residential property – NAMA would merely say that 9,200 homes were rented but there were 4,000 other homes whose status was not clear. This week in the Dail, we got an update and it seems that right now, some 3,250 of NAMA’s Irish homes are vacant.
    That’s a pretty awful indictment of NAMA’s asset management capability.


    3,250 of NAMA’s Irish homes are lying empty

    Gotta hand it to the Lake - one of Ireland's top sources of info.

    Repoes in the post on top of this & the other prop oversupply outside NAMA with the EZ Crisis, Taxes n Cuts all add to the expectation of more falls.

    So tell us all peeps - what should be done with NAMA's oversupply & why?

  2. #2
    Politics.ie Member commonman's Avatar
    Join Date
    May 2010
    Posts
    5,345
    Mentioned
    0 Post(s)

    Default

    Is NAMA out of control or in control in this country.

  3. #3
    Politics.ie Member Dan_Murphy's Avatar
    Join Date
    Feb 2010
    Location
    Cork
    Posts
    3,805
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Dublin 4 View Post
    So tell us all peeps - what should be done with NAMA's oversupply & why?
    Firesale the lot, house prices are still too high in this country.

  4. #4
    Politics.ie Member Dublin 4's Avatar
    Join Date
    Feb 2011
    Location
    Vision & Glory
    Posts
    12,986
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by commonman View Post
    Is NAMA out of control or in control in this country.
    Mess alright...

  5. #5
    Politics.ie Member Ulster-Lad's Avatar
    Join Date
    Oct 2006
    Location
    Dún na nGall
    Posts
    10,090
    Mentioned
    0 Post(s)

    Default

    Fire sale or bulldozer. There are loads of these estates where people are living in a few of the houses with no services.
    ‘The Great only appear great because we are on our knees: Let Us Rise!’ “ (James Larkin)

  6. #6
    Politics.ie Member Dublin 4's Avatar
    Join Date
    Feb 2011
    Location
    Vision & Glory
    Posts
    12,986
    Mentioned
    0 Post(s)

    Default

    NAMA Firesale v Bank Repo Firesale = a lot more Neg Eq

    Bulldozing = collateral wiped out...


  7. #7
    Politics.ie Member blokesbloke's Avatar
    Join Date
    Jan 2011
    Location
    Under Sean Gallagher's Bed
    Posts
    23,227
    Mentioned
    0 Post(s)

    Default

    It seems a criminal waste for them just to stand there and rot.

    Is there a need for more social housing? Could they be used for that?
    Brexit? Never heard of it mate...

  8. #8
    Politics.ie Member commonman's Avatar
    Join Date
    May 2010
    Posts
    5,345
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by blokesbloke View Post
    It seems a criminal waste for them just to stand there and rot.

    Is there a need for more social housing? Could they be used for that?
    The problem there i think is the locations of a lot of these houses is not great, people are not going to live in the middle of no where that day is gone.

  9. #9
    Politics.ie Member Dublin 4's Avatar
    Join Date
    Feb 2011
    Location
    Vision & Glory
    Posts
    12,986
    Mentioned
    0 Post(s)

    Default

    So is the money

  10. #10
    Politics.ie Member
    Join Date
    Feb 2013
    Posts
    2,297
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Dublin 4 View Post


    3,250 of NAMA’s Irish homes are lying empty

    Gotta hand it to the Lake - one of Ireland's top sources of info.

    Repoes in the post on top of this & the other prop oversupply outside NAMA with the EZ Crisis, Taxes n Cuts all add to the expectation of more falls.

    So tell us all peeps - what should be done with NAMA's oversupply & why?
    Author of the article is incorrect, he/she utilizes the old fallacy of composition argument; it does not follow that if 3000+ units are brought to market rental rates would stay the same, if fact they should drop as directionally the commodity (housing) is going long; this would tend to further devalue properties. The solution is to demolish unoccupied housing.

Page 1 of 7 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •