great that socialist Joan Burton is looking after he little guy by ensureing he can get up to his neck in debt to buy a shoebox
Zarathustra
I saw the front page of the Sindo today, and there are quotes from Mairia Cahill and Sineád O’ Connor regarding Sineád joining Sinn Féin; apparently, Sineád was repeatedly molested by a Sinn Féin member when she was a child, yet, recently she announced she wants to become a member of the same party. Odd behaviour, in my opinion, or else, she is very forgiving.
dylad
Sindo –
Done spending money? Now watch TV. Good monkey.
Zarathustra
Dylad, was that comment directed at me? If it was, I don’t understand it. Could you elaborate please?
Artemis
Billionaire Wilbur Ross – ‘why I’m investing in Irish property’… plans to strict deals with Nama.
Eh, would it be massive write downs.. big profits.
The uncomfortable truth is that those who will benefit most from Government housing policy, and Nama in particular, are international wealthy investors and banks, developers and landlords – and not the ordinary Irish people who have paid dearly for the write-downs on development loans transferred to Nama
Artemis
<The reality is that Nama is playing a significant role in worsening the housing crisis through its sale of assets to real estate investment trusts (REITs). The Government encouraged the setting-up of Irish-based REITs in 2012 through generous tax breaks. One newly formed REIT is Irish Residential Properties which includes large property investors from Canada and finance from UK-based Barclays bank. Another REIT, Hibernia, has billionaire investor George Soros’s funds among its shareholders.
Irish Residential Properties bought the “Orange” portfolio from Nama for €211 million – which included 716 residential apartments in Dublin. Nama advertised the portfolio would provide a residential rental income of €10.6 million. Selling to investors with this expected rate of return places huge upward pressure on rents.
Artemis
Nama’s trajectory is wrong if we want to develop a sustainable economy and society. Its need for rental growth is likely to be one of the reasons the Government is refusing to give private tenants (the majority of those on social housing lists) relief through rent controls. By pushing for maximum commercial returns, Nama is working against the interests of those looking for an affordable and secure home
Artemis
And lastly….
Nama is facilitating a massive transfer of wealth created by the Irish people to foreign and domestic capitalist investors
MORE to folly.
The state of yer man with his knee high socks
Poor lad is teething like ück
Sur that rig out is hardly comfy
That prissy fancy geansaí must be ringing
Look at that combover. Balding like his da.
Looks like Augustus Gloop out of Willy Wonka. Little German butterball.
https://38.media.tumblr.com/407d0bb2e61368f9594257f4234477ab/tumblr_nesit9vyYu1ruhg5do9_500.jpg
great that socialist Joan Burton is looking after he little guy by ensureing he can get up to his neck in debt to buy a shoebox
I saw the front page of the Sindo today, and there are quotes from Mairia Cahill and Sineád O’ Connor regarding Sineád joining Sinn Féin; apparently, Sineád was repeatedly molested by a Sinn Féin member when she was a child, yet, recently she announced she wants to become a member of the same party. Odd behaviour, in my opinion, or else, she is very forgiving.
Sindo –
Done spending money? Now watch TV. Good monkey.
Dylad, was that comment directed at me? If it was, I don’t understand it. Could you elaborate please?
Billionaire Wilbur Ross – ‘why I’m investing in Irish property’… plans to strict deals with Nama.
Eh, would it be massive write downs.. big profits.
http://www.irishtimes.com/opinion/housing-crisis-why-nama-should-be-asked-to-do-more-to-alleviate-the-shortage-1.2017674
The uncomfortable truth is that those who will benefit most from Government housing policy, and Nama in particular, are international wealthy investors and banks, developers and landlords – and not the ordinary Irish people who have paid dearly for the write-downs on development loans transferred to Nama
<The reality is that Nama is playing a significant role in worsening the housing crisis through its sale of assets to real estate investment trusts (REITs). The Government encouraged the setting-up of Irish-based REITs in 2012 through generous tax breaks. One newly formed REIT is Irish Residential Properties which includes large property investors from Canada and finance from UK-based Barclays bank. Another REIT, Hibernia, has billionaire investor George Soros’s funds among its shareholders.
Irish Residential Properties bought the “Orange” portfolio from Nama for €211 million – which included 716 residential apartments in Dublin. Nama advertised the portfolio would provide a residential rental income of €10.6 million. Selling to investors with this expected rate of return places huge upward pressure on rents.
Nama’s trajectory is wrong if we want to develop a sustainable economy and society. Its need for rental growth is likely to be one of the reasons the Government is refusing to give private tenants (the majority of those on social housing lists) relief through rent controls. By pushing for maximum commercial returns, Nama is working against the interests of those looking for an affordable and secure home
And lastly….
Nama is facilitating a massive transfer of wealth created by the Irish people to foreign and domestic capitalist investors