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Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 1:00 pm
by Bullettyme
It's great to see Dublin airport is getting so many people through it. Seems to be abit of a cram in arrivals though in T1 (although finally they're properly using the automatic passport check machines).

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 1:34 pm
by lorcanoworms
camroc1 wrote:
rfurlong wrote:we move from 12th up to 8th in the WEF inclusiveness index and all the Journal can do is point out problems :lol:

http://www.thejournal.ie/world-economic ... 7-Jan2018/

the headline of The World Economic Forum says Ireland has problems with 'soaring wealth inequality' is ridiculously misleading

we are 8th in the world for fecks sake and all some people want to do is see the cloud in every silver lining
And we're going to be getting even richer, with PWC forecasting Ireland to have the fastest growing economy in the EU until 2024. ;)

Reminds me of yesterdays story in the IT highlighting an Oxfam report that Ireland having 8 instead of 6 Billionaires 'fuelled the inequality crisis'. Of course when you went through the list, only one or possibly two of the names were tax resident in Ireland. :lol: :lol: :lol:

It would appear that 'inequality' is being primed to be the new 'homelessness'.
Some girl from Ashe st? Married an Indian billionaire which accounts for one of them.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 1:38 pm
by ruckinhell
Bullettyme wrote:It's great to see Dublin airport is getting so many people through it. Seems to be abit of a cram in arrivals though in T1 (although finally they're properly using the automatic passport check machines).
Dublin airport is generally a higher standard when compared to the various UK airports, could do with the pod systems at security (5 ports rather than 1 at a time) to speed things up when busy though.

Hard to get away from the piss poor transport links to town though, the Aircoach or taking taxis really doesn't cut it and is the #1 complaint I get from business travellers/tourists heading to Dublin.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 5:29 pm
by CM11
Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 5:58 pm
by camroc1
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
Very dodgy indeed.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:02 pm
by ruckinhell
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
He is an incredible buffoon and has single-handedly made a lot of career politicians look slick by comparison. It's easy to shout from the cheap seats which is where the goon should have stayed.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:04 pm
by Miguel Indurain
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
Certainly is. It stinks in fact, esspecially as Zappone was absent for the vote. Kudos to Healy Rae,

Maybe Ross was drunk at the time? (read Eamonn Dunphy's book).

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:23 pm
by ticketlessinseattle
thought i'd read that he mixed up the the green vote for "ta" and red for "ni hea" or is this the latest version of what actually happened ?

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:24 pm
by Luckycharmer
Miguel Indurain wrote:
CM11 wrote:
anonymous_joe wrote:
Miguel Indurain wrote:
anonymous_joe wrote:Is she married? Could have a husband helping pay.
Proceeds of the Norn Bank robbery?
Ah now. The issue with people like Mary Lou is not criminality. She's not in the IRA, she was in FF ffs. My problem is an unwillingness to combat the auld lads and condemn their actions. She's not part of their actions.
She has attached herself to their actions and has actually managed to give them more credibility. She's every bit a part of them as anyone who was directly involved.
The proceeds of crime have to laundered in order to make crime pay. Buying businesses, buying property, are two good ways to launder such proceeds. One wing helping out the other wing, helping out the aul lads. Mary Lou went to school, IIRC, at Beaufort or some other fee paying school out that way. Maybe it was family money that helped her on her way :uhoh:
She went to Notre Dame

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:27 pm
by rfurlong
https://www.independent.ie/irish-news/p ... 20470.html

This is interesting.....

Obviously the prioritisation of Stepaside was a stroke of the highest order, and I will shed no tears for that spoofer Ross, if it all falls apart as a constituency level on foot of this, but the PAC intervention raises an important issue.

If the PAC are going to start publishing reports criticising "a political decision not based on proper analysis", then they are going to have to turn their gaze towards a raft of other investment decisions by the Government, such as:

Investment in regional airports
Investment in regional advanced factories
Investment in rural post offices
Investment in rural broadband
Cathlab in Waterford
etc
etc
etc

None of these investment decisions make commercial sense, but they are understandable political decisions. Whats the difference between these decisions and the one on Stepaside?

I'd say plenty of investment has gone into the PAC chairman Sean Flemings constituency over the years, in the complete and utter absence of any cost-benefit analysis.

Whats sauce for the goose .....

I'm all for evidenced based policy .... but lets do it for everything and let the chips fall where they may.... politicians of all hues need to be careful what they wish for.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:27 pm
by Liathroidigloine
Miguel Indurain wrote:
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
Certainly is. It stinks in fact, esspecially as Zappone was absent for the vote. Kudos to Healy Rae,

Maybe Ross was drunk at the time? (read Eamonn Dunphy's book).
"Punchy Ross". Amazing how this was never made public.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:30 pm
by rfurlong
Luckycharmer wrote:
Miguel Indurain wrote:
CM11 wrote:
Miguel Indurain wrote:
anonymous_joe wrote:Is she married? Could have a husband helping pay.
Proceeds of the Norn Bank robbery?

She has attached herself to their actions and has actually managed to give them more credibility. She's every bit a part of them as anyone who was directly involved.
The proceeds of crime have to laundered in order to make crime pay. Buying businesses, buying property, are two good ways to launder such proceeds. One wing helping out the other wing, helping out the aul lads. Mary Lou went to school, IIRC, at Beaufort or some other fee paying school out that way. Maybe it was family money that helped her on her way :uhoh:
She went to Notre Dame
indeed she did .... and like everything she has touched, it has turned to dust too :lol:

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:33 pm
by Miguel Indurain
Liathroidigloine wrote:
Miguel Indurain wrote:
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
Certainly is. It stinks in fact, esspecially as Zappone was absent for the vote. Kudos to Healy Rae,

Maybe Ross was drunk at the time? (read Eamonn Dunphy's book).
"Punchy Ross". Amazing how this was never made public.
I knew about Ross and alcohol back in the 1980's. He's a dip.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 6:34 pm
by camroc1
rfurlong wrote:https://www.independent.ie/irish-news/p ... 20470.html

This is interesting.....

Obviously the prioritisation of Stepaside was a stroke of the highest order, and I will shed no tears for that spoofer Ross, if it all falls apart as a constituency level on foot of this, but the PAC intervention raises an important issue.

If the PAC are going to start publishing reports criticising "a political decision not based on proper analysis", then they are going to have to turn their gaze towards a raft of other investment decisions by the Government, such as:

Investment in regional airports
Investment in regional advanced factories
Investment in rural post offices
Investment in rural broadband
Cathlab in Waterford
etc
etc
etc

None of these investment decisions make commercial sense, but they are understandable political decisions. Whats the difference between these decisions and the one on Stepaside?

I'd say plenty of investment has gone into the PAC chairman Sean Flemings constituency over the years, in the complete and utter absence of any cost-benefit analysis.

Whats sauce for the goose .....

I'm all for evidenced based policy .... but lets do it for everything and let the chips fall where they may.... politicians of all hues need to be careful what they wish for.
Or in the latest rural TD initiative to politically influence government spending policy :

https://www.independent.ie/irish-news/p ... 19796.html

It does seem extremely hypocritical for PAC to criticise something they'd all be happy to claim credit for if it occurred in their own constituencies.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 8:11 pm
by nardol
ruckinhell wrote:
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
He is an incredible buffoon and has single-handedly made a lot of career politicians look slick by comparison. It's easy to shout from the cheap seats which is where the goon should have stayed.
Talking about the healy rays now I assume?

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 8:14 pm
by nardol
Liathroidigloine wrote:
Miguel Indurain wrote:
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
Certainly is. It stinks in fact, esspecially as Zappone was absent for the vote. Kudos to Healy Rae,

Maybe Ross was drunk at the time? (read Eamonn Dunphy's book).
"Punchy Ross". Amazing how this was never made public.
He used to get smahed at lunch, return to his office and fire a few shots in to the ceiling.

To avoid doubt, yes, gunshots.


The man is a lunatic. But at least more sensible than the billy bob rays.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 8:30 pm
by ruckinhell
nardol wrote:
ruckinhell wrote:
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
He is an incredible buffoon and has single-handedly made a lot of career politicians look slick by comparison. It's easy to shout from the cheap seats which is where the goon should have stayed.
Talking about the healy rays now I assume?

No, the establishment figures he lampoons in his "books".

Healy Raes are a scourge on Irish society.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 9:19 pm
by Uncle Fester
Blackrock Bullet wrote:https://www.rte.ie/news/enviroment/2018 ... sing-loan/

Pumping up the demand side again...what will you afford in Dublin with 320k? An apartment?
"House hunters looking to avail of the deal must also have had two insufficient offers or refusals for a mortgage from two lending institutions."

And to top it off, we're not only getting into lending, we're getting into sub prime lending.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 9:29 pm
by CM11
Uncle Fester wrote:
Blackrock Bullet wrote:https://www.rte.ie/news/enviroment/2018 ... sing-loan/

Pumping up the demand side again...what will you afford in Dublin with 320k? An apartment?
"House hunters looking to avail of the deal must also have had two insufficient offers or refusals for a mortgage from two lending institutions."

And to top it off, we're not only getting into lending, we're getting into sub prime lending.
Better us than someone else. We'll have to take care of them either way.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 9:33 pm
by Uncle Fester
And we're going to give them a better interest rate then people with good credit.

The only saving grace is that it's a re-hash of homechoiceloans and they only gave out 11 of those in a five year period so hopefully this will work out the same and get forgotten about quickly.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 9:42 pm
by CM11
Uncle Fester wrote:And we're going to give them a better interest rate then people with good credit.
.
If it's a choice between paying way more on emergency accommodation or having some sort of chance of getting something back while getting ownership of the asset you've forked out for in case of default then this is the lesser of two evils. Think of it as rent on social housing but dressed up as home ownership to have more chance of the rent being paid.

That said, they are competing with people who'll be in the exact same situation but haven't screwed up their life yet and as you say, competing on more favourable terms.

Re: Rugby NAMA thread Revisited Rugby

Posted: Tue Jan 23, 2018 9:48 pm
by Gavin Duffy
So, it may well ramp up prices on bottom end sh*t tips that will end up losing value furthest and fastest when thing go arseways again and the taxpayer will be getting rammed from both ends. Lovely.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 12:36 am
by Blackrock Bullet
I happened upon the new DIT campus today. That along with LUAS Cross City and Metro North should transform the north inner city in the next 15 years. They need to turf more of the scum out though, I mean how on earth is the likes of Sheriff Street, Sean McDermott Street et cetera still there when you have the IFSC there two decades now.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 12:42 am
by camroc1
Blackrock Bullet wrote:I happened upon the new DIT campus today. That along with LUAS Cross City and Metro North should transform the north inner city in the next 15 years. They need to turf more of the scum out though, I mean how on earth is the likes of Sheriff Street, Sean McDermott Street et cetera still there when you have the IFSC there two decades now.
It will happen, as the largely low density 'Corpo flats' complexes are redeveloped with private money to include 60% private units to 40% social and affordable, and management of those in the hands of the residents.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 8:08 am
by Uncle Fester

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 9:02 am
by The Sun God
nardol wrote:
Liathroidigloine wrote:
Miguel Indurain wrote:
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
Certainly is. It stinks in fact, esspecially as Zappone was absent for the vote. Kudos to Healy Rae,

Maybe Ross was drunk at the time? (read Eamonn Dunphy's book).
"Punchy Ross". Amazing how this was never made public.
He used to get smahed at lunch, return to his office and fire a few shots in to the ceiling.

To avoid doubt, yes, gunshots.


The man is a lunatic. But at least more sensible than the billy bob rays.
Complete fcuking rubbish...... The drinking and the propensity to slap a woman is true but the tool wouldn't know one end of a gun from the other.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 9:48 am
by The Sun God
I see this guy has found his correct market. https://www.independent.ie/business/iri ... 24715.html
Selling overpriced loans to people who don't have a rex. He had his finger firmly on the pulse at Ulster Bank...https://www.irishexaminer.com/business/ ... 60390.html ......!!

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 9:54 am
by normilet
https://www.independent.ie/business/per ... 24251.html
Increasing the supply of property will not bring down house prices - but will instead lead to developers chasing yet bigger profits, an expert has warned.

A national conference on housing and homelessness heard that the model of property development in Ireland and the UK was based on prices rising.

And it also heard that even if Irish mortgage rates were brought into line with cheaper rates in the rest of the eurozone, house prices could go up €60,000 "overnight".

This is because buyers would have more to spend on the property itself, as opposed to interest on the home loan.

The conference in Dublin was organised by the Irish Congress of Trade Unions (Ictu) in a bid to address the crisis that is crippling swathes of Ireland.

Dr Lorcan Sirr, senior lecturer in housing studies at DIT, said that while increasing supply is important, it "is not the only answer out there".

He said a number of "myths" were being put forward: "A myth that's propagated is that increasing supply will bring down house prices. No, it won't.

"The way the model works in Ireland and the UK is prices increase and builders build with the expectation of getting more. Supply, supply, supply is not the only answer out there."

Speaking to the Irish Independent, Dr Sirr said that supply might help moderate price growth, "but it won't reduce prices".

He said politicians believed "increasing supply is the answer to all our prayers, but affordability is the real answer".

He said this could be achieved by greater State intervention in building affordable housing - and welcomed Housing Minister Eoghan Murphy's suggestion of using State-owned lands for this purpose.

Another speaker at the conference, architect Mel Reynolds, added that "in 40 years, increasing supply hasn't reduced house prices".

Read more: How 'average' families are forced to move out of cities - and Ireland's commuter belt widens to 100km
He pointed out the housing market doesn't behave like most other markets, where increasing supply will lower prices.

Housing is an asset market - which means that as prices rise, it encourages more people to buy. They see a potential gain in holding an asset that is rising in value.

"When the price is going up, housing becomes an asset and it becomes attractive to buy," said Mr Reynolds.

Irish mortgage holders are paying some of the highest interest rates in the eurozone. But Mr Reynolds warned that even if these rates were brought into line, it would just further inflate house prices.

"If mortgage rates dropped closer to European rates, the price of houses would probably go up €60,000 overnight," he said.

Mr Reynolds explained how a drop in a mortgage holder's interest rate would simply mean they aim to borrow more.

He added that there was no shortage of State-owned land to build upon if the will was there.

"We have enough State land to build out for 108 years. The State is the biggest land hoarder in the country."

Opening the conference in Dublin yesterday, Ictu general secretary Patricia King said the housing crisis was the result of policy failure over decades - which has seen social housing being outsourced to the private sector.

She pointed to figures from the Department of Housing which show that in 1995, county councils were leasing just over 95,700 homes from private landlords, but by 2016 the figure had risen to over 141,500.

Ictu yesterday launched its 'Charter for Housing Rights', calling for a major public housing building programme to deliver 10,000 new homes annually for the next five years.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 9:57 am
by Gavin Duffy
Wow, more union sponsored bollocks.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 10:02 am
by Uncle Fester
The point that they glance off but don't really address is that housing is now an asset class and as such wannabe hownowners are competing with investors.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 10:04 am
by Uncle Fester
My favourite time of year is coming up: car insurance renewal. :x

How does the rapid escalation of premiums not feed into the inflation index?

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 10:24 am
by Massey Ferguson
ruckinhell wrote:
nardol wrote:
ruckinhell wrote:
CM11 wrote:Is this not really dodgy if true or am I missing something?

https://m.independent.ie/irish-news/pol ... 21733.html
He is an incredible buffoon and has single-handedly made a lot of career politicians look slick by comparison. It's easy to shout from the cheap seats which is where the goon should have stayed.
Talking about the healy rays now I assume?

No, the establishment figures he lampoons in his "books".

Healy Raes are a scourge on Irish society.
Danny's a dickhead but I have to admit I quite like Michael. Very different characters.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 10:35 am
by CM11
Ill advised comment from Leo with regards to house deposits but it's depressing to see the opposition latch on to only the bit they didn't like about his comments and ignore all the other bits. Par for the course.

What exactly was being debated? A loosening of the mortgage rules surrounding deposits? Don't first time buyers get some leeway as it is?

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 10:46 am
by Uncle Fester
CM11 wrote:Ill advised comment from Leo with regards to house deposits but it's depressing to see the opposition latch on to only the bit they didn't like about his comments and ignore all the other bits. Par for the course.

What exactly was being debated? A loosening of the mortgage rules surrounding deposits? Don't first time buyers get some leeway as it is?
Whatever about suggesting that they tap up their parents, saying that they should borrow money for the deposit is scandalous and is as bad as any of the nonsense FF people came out with during the bubble.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 10:49 am
by CM11
Uncle Fester wrote:
CM11 wrote:Ill advised comment from Leo with regards to house deposits but it's depressing to see the opposition latch on to only the bit they didn't like about his comments and ignore all the other bits. Par for the course.

What exactly was being debated? A loosening of the mortgage rules surrounding deposits? Don't first time buyers get some leeway as it is?
Whatever about suggesting that they tap up their parents, saying that they should borrow money for the deposit is scandalous and is as bad as any of the nonsense FF people came out with during the bubble.
True, not sure what he meant by that.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 11:36 am
by The Sun God
Uncle Fester wrote:
CM11 wrote:Ill advised comment from Leo with regards to house deposits but it's depressing to see the opposition latch on to only the bit they didn't like about his comments and ignore all the other bits. Par for the course.

What exactly was being debated? A loosening of the mortgage rules surrounding deposits? Don't first time buyers get some leeway as it is?
Whatever about suggesting that they tap up their parents, saying that they should borrow money for the deposit is scandalous and is as bad as any of the nonsense FF people came out with during the bubble.
Ignore the reality of the situation.....Sure that always works out well for Ireland.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 11:43 am
by nardol
The gunshot story I heard first hand off his secretary who worked for him in the 80s.

Re Leo. That was a very silly thing to say as a politician regardless of how accurate the statement was in regard to the current state of affairs.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 11:45 am
by Bullettyme
Uncle Fester wrote:
CM11 wrote:Ill advised comment from Leo with regards to house deposits but it's depressing to see the opposition latch on to only the bit they didn't like about his comments and ignore all the other bits. Par for the course.

What exactly was being debated? A loosening of the mortgage rules surrounding deposits? Don't first time buyers get some leeway as it is?
Whatever about suggesting that they tap up their parents, saying that they should borrow money for the deposit is scandalous and is as bad as any of the nonsense FF people came out with during the bubble.
He's a complete idiot for doing so, whatever about it being true or untrue for some of us, it doesn't do much for the image of him being an out of touch rich boy. "Just borrow it from your parents" :lol: it's laughable.

Or even worse, just emigrate.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 11:49 am
by The Sun God
nardol wrote:The gunshot story I heard first hand off his secretary who worked for him in the 80s.

Re Leo. That was a very silly thing to say as a politician regardless of how accurate the statement was in regard to the current state of affairs.
She is telling you porkies mate. Maybe what she heard was the crack of an open hand on Ruths face.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Jan 24, 2018 12:24 pm
by Mullet 2
Lorcan Sirr is a spa who believes property doesn't follow the laws of economics.