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Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Feb 21, 2018 10:59 pm
by camroc1
Miguel Indurain wrote:
nardol wrote:Why the political bitching about the sale of bad loans?
If someone can't afford the house they are in.... What the actual fudge are they doing in that house? Specially considering the strong recovery in house prices in the first place.

The reason banks are selling bad loans is because a bad loan that turns good takes a long time to be not calculated as a bad loan for regulatory purposes and for an Irish Bank to get possession of a property on which a bad loan rest is very difficult and that's not even covering the political difficulties (in AIB and PTSB case).
No, that's not the reason the banks are selling loans that are in arrears.

The European Central Bank issued a directive in 2013 to all Eurozone banks to sort out their capital reserves and to sort out non-performing loans on their loan books, under Single Supervisory Mechanism.

Banks were ordered to (i) Increase the size of their reserves so as to be better placed to withstand an economic shock.
(ii) Improve their corporate solvency by selling non-performing loans in their loanbook.
A performing loan is an asset to a bank. It means it in turn can lend more, and if done judiciously create more assets, both for the bank itself, and for business through the use of the money lent in increasing productive capacity.

In contrast a non-performing loan is a liability, increasing the banks exposure and reducing its ability to lend, and therefore reducing productive capacity of business through there being less money to invest

Whilst no company likes writing off bad debt, for banks the more bad debt they have, the less they can lend, and ultimately the less shareholder money they have to balance that bad debt. Banks should get rid of bad debt as quickly as possible.

Speculative funds are willing to take risks that they can manage (ie get enough repaid to cover cost of purchase plus a large margin) the debt better than banks because they don't really give a fúck about theirr general reputation, indeed a reputation for being ruthless foreclosers is probably a good thing in their industry.

Selling off the bad loan means that the banks reserves are immediately increased, allowing it to lend more, and through the actions of the speculative fund, any hint of moral hazard, ie someone strategically defaulting in the hope/expectation of still having the use of the asset, is substantially reduced as the fund wants to sell the property as quickly and for as much as possible.

In general a good thing all around.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Feb 21, 2018 11:01 pm
by Uncle Fester
Leinster in London wrote:
Mullet 2 wrote:
Leinster in London wrote:
Mullet 2 wrote:How many years have been hearing about this wave of repossessions now? Always just over the hill.
Hmm, two days after PTSB sold 14,000 home loans to the vultures.

What sale?
Sorry, proposed sale, which I note FF are jumping in to join with PBP to try and block.
Good luck fighting their battles.
Would it surprise you to know that Honohan is a FF head, former adviser to Jack lynch?

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Feb 21, 2018 11:17 pm
by goose81
Are FF lining up MacSharry for a leadership bid. He's been wheeled out alot over the last month on current affairs shows and even as someone who would never vote FF he comes across quite well, he has a good name. Represents a rural community but went to Castleknock, appeals to alot of voters across the board.

Edit, he also sounds like Liam Neeson in Taken :lol:

Comes across alot better than Martin who is a decent man but doesn't come across as a leader

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Feb 21, 2018 11:18 pm
by nardol
camroc1 wrote:
Miguel Indurain wrote:
nardol wrote:Why the political bitching about the sale of bad loans?
If someone can't afford the house they are in.... What the actual fudge are they doing in that house? Specially considering the strong recovery in house prices in the first place.

The reason banks are selling bad loans is because a bad loan that turns good takes a long time to be not calculated as a bad loan for regulatory purposes and for an Irish Bank to get possession of a property on which a bad loan rest is very difficult and that's not even covering the political difficulties (in AIB and PTSB case).
No, that's not the reason the banks are selling loans that are in arrears.

The European Central Bank issued a directive in 2013 to all Eurozone banks to sort out their capital reserves and to sort out non-performing loans on their loan books, under Single Supervisory Mechanism.

Banks were ordered to (i) Increase the size of their reserves so as to be better placed to withstand an economic shock.
(ii) Improve their corporate solvency by selling non-performing loans in their loanbook.
A performing loan is an asset to a bank. It means it in turn can lend more, and if done judiciously create more assets, both for the bank itself, and for business through the use of the money lent in increasing productive capacity.

In contrast a non-performing loan is a liability, increasing the banks exposure and reducing its ability to lend, and therefore reducing productive capacity of business through there being less money to invest

Whilst no company likes writing off bad debt, for banks the more bad debt they have, the less they can lend, and ultimately the less shareholder money they have to balance that bad debt. Banks should get rid of bad debt as quickly as possible.

Speculative funds are willing to take risks that they can manage (ie get enough repaid to cover cost of purchase plus a large margin) the debt better than banks because they don't really give a fúck about theirr general reputation, indeed a reputation for being ruthless foreclosers is probably a good thing in their industry.

Selling off the bad loan means that the banks reserves are immediately increased, allowing it to lend more, and through the actions of the speculative fund, any hint of moral hazard, ie someone strategically defaulting in the hope/expectation of still having the use of the asset, is substantially reduced as the fund wants to sell the property as quickly and for as much as possible.

In general a good thing all around.
Irish banks are awash in cash at the moment. They have so much of it that dont know what to do with it. Its costing them money as they have to place it in low / negative yielding shite (good credit quality poor yield) like covered and sov /bonds. Its not for lack of being able to lend the bad loans are being sold.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Feb 21, 2018 11:55 pm
by Miguel Indurain
camroc1 wrote:
A performing loan is an asset to a bank. It means it in turn can lend more, and if done judiciously create more assets, both for the bank itself, and for business through the use of the money lent in increasing productive capacity.

In contrast a non-performing loan is a liability, increasing the banks exposure and reducing its ability to lend, and therefore reducing productive capacity of business through there being less money to invest
I think most posters here are aware of all of this, Camroc.

One thing though, it is not strictly correct to say that a NPL is a liability. All loans remain classified as an asset on a lenders balance sheet.

The amount defaulted upon is accounted for as a provision (for bad/doubtful debt), but even this provision (for bad/doubtful debts) remains classified as an asset on a lenders balance sheet. The provision will have a credit balance in the asset section of the balance sheet, whereas the loan will have a debit balance in the same section of the balance sheet. The debit balance (for the loan) is offset against the credit balance (for the bad/doubtful debt) in the asset section of the balance sheet, so as to record the value of the lenders
assets accurately.
camroc1 wrote: Speculative funds are willing to take risks that they can manage (ie get enough repaid to cover cost of purchase plus a large margin) the debt better than banks because they don't really give a fúck about theirr general reputation, indeed a reputation for being ruthless foreclosers is probably a good thing in their industry.

Selling off the bad loan means that the banks reserves are immediately increased, allowing it to lend more, and through the actions of the speculative fund, any hint of moral hazard, ie someone strategically defaulting in the hope/expectation of still having the use of the asset, is substantially reduced as the fund wants to sell the property as quickly and for as much as possible.

In general a good thing all around.
I agree that these funds will address the issue of strategic defaulters. But viewed from the strategic defaulters side, their default has delivered because like NAMA, the fund will only ever pursue what they paid acquiring the loan from the bank.

Duggan borrows €100,000 from Camroc bank.
Duggan repays €10,000 but defaults on €90,000 loaned.
Camroc bank sell €90,000 loan to ABC fund for €50,000

Duggan has gained €40,000 default (€90,000 - €50,000 = €40,000).

For those loans which have not been strategically defaulted upon and have fallen in to arrears for more genuine and truthful reasons, how these funds operate is far more important I think.

Re: Rugby NAMA thread Revisited Rugby

Posted: Wed Feb 21, 2018 11:55 pm
by camroc1
Snowmaggedon train back on track and leaving the station at full speed.

All aboard, and may the Lord have mercy on our souls. GFS for next Thursday. :shock:

Image

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:07 am
by goose81
Are you basing this off those clowns in the boards.ie weather forum? The last hurricane if you went by them we we would all be dead, they exaggerate absolutely everything out of proportion

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 1:13 am
by MrBunhead
goose81 wrote:Are you basing this off those clowns in the boards.ie weather forum? The last hurricane if you went by them we we would all be dead, they exaggerate absolutely everything out of proportion
Depends where you were in the country.

I know in Dublin it didn't seem much but I was down in various parts of the country later that week and the week after and yeah there was a lot of damage to trees and that.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 1:20 am
by feckwanker
goose81 wrote:Are you basing this off those clowns in the boards.ie weather forum? The last hurricane if you went by them we we would all be dead, they exaggerate absolutely everything out of proportion
Three people did die you fuckwit, even with a red alert (which had been proposed by the so called clowns on Boards.ie a good 2 days before Met Eireann did).

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 2:19 am
by goose81
feckwanker wrote:
goose81 wrote:Are you basing this off those clowns in the boards.ie weather forum? The last hurricane if you went by them we we would all be dead, they exaggerate absolutely everything out of proportion
Three people did die you fuckwit, even with a red alert (which had been proposed by the so called clowns on Boards.ie a good 2 days before Met Eireann did).
Sorry fuckwit I didn't expand, going by them you would have expected hundreds of deaths and half the houses in the country blown to bits. It's the most ridiculous forum on boards , literally hundreds of people who clearly don't have a notion what they are talking about predicting absolute rubbish

I'd be fairly sure met eireann can look after themselves without mt cranium or whatever his name is telling them what alerts they needs to put out when.

You can be guaranteed the weather will be 20% as bad as they are predicting for 95% of the country as what these lunatics are predicting. 5unt

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 2:39 am
by paddyor
Eh, 3 people died even with an extreme weather warning in place. It would likely have been far worse had it not been flagged well in advance. You're a fuccking dope. Some hill to die on.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 2:39 am
by paddyor
EverReady wrote:
camroc1 wrote:Snowmaggedon train back on track and leaving the station at full speed.

All aboard, and may the Lord have mercy on our souls. GFS for next Thursday. :shock:

Image
That winey mauve colour is also up the hot end. What are we dealing with here
Yeah, wtf are we looking at?

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 2:47 am
by goose81
paddyor wrote:Eh, 3 people died even with an extreme weather warning in place. It would likely have been far worse had it not been flagged well in advance. You're a fuccking dope. Some hill to die on.
That's not what my point was, 3 people died. If you had based your assumptions on boards.ie predictions hundreds would have. So I would take this snowmageddon warning with a seriously large pinch of salt

Also look back through the posts, I didn't initiate the verbals that fuckwit did and there was no need to, it was a bloody discussion about an internet weather predicting forum, there is some serious prescious knobs on here. A bunch of cliquey girls.

I don't know what hill your talking about? Must be country speak

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 8:35 am
by CM11
Hundreds might have if we'd just gone about our business as normal.

Is the point.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 8:36 am
by Mullet 2
Didn't one lad cut a tree down on himself?

Hardly counts

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 8:52 am
by Flametop
Irish public sector distilled into its purest form.

https://www.irishtimes.com/news/health/ ... 2?mode=amp

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 8:54 am
by rfurlong
Mullet 2 wrote:Didn't one lad cut a tree down on himself?

Hardly counts
Was he a PTSB customer Mullet? Probably the vulture funds fault so .... ;)

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 8:59 am
by Bullettyme
camroc1 wrote:Snowmaggedon train back on track and leaving the station at full speed.

All aboard, and may the Lord have mercy on our souls. GFS for next Thursday. :shock:

Image
My missus is due to arrive back to Dublin on Wednesday. Does this mean I'll have extended underpants and couch time?

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 9:00 am
by paddyor
Mullet 2 wrote:Didn't one lad cut a tree down on himself?

Hardly counts
Chainsaw accident on a downed tree I thought.

There was that tree that fell on westmoreland street by the bus stops.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 9:06 am
by CM11
He was cutting one tree and another fell on him, knocking him into his chainsaw.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 9:08 am
by The Sun God
Mullet 2 wrote:I'm in favour of selling the loans :lol:

I'm just not gobbling down the shite PTSB are spinning.
They are a total joke of a 'bank', always have been. Should have closed them down after they got their bail out.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 9:59 am
by anonymous_joe
Nolanator wrote:Precis, please. I ain't reading that!
Ah it's just nonsense being used by people who haven't paid their mortgages for whatever reason.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 10:17 am
by camroc1
Flametop wrote:Irish public sector distilled into its purest form.

https://www.irishtimes.com/news/health/ ... 2?mode=amp
Nice high pay, and zero responsibility ?

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 11:02 am
by normilet
https://www.irishtimes.com/news/ireland ... -1.3400567

Image

So the Terenure, Templeogue, Rathfarnham areas will continue to remain public transport deadzones.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 11:03 am
by Duff Paddy
But viewed from the strategic defaulters side, their default has delivered because like NAMA, the fund will only ever pursue what they paid acquiring the loan from the bank.
Wrong

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 11:06 am
by Duff Paddy
camroc1 wrote:
Flametop wrote:Irish public sector distilled into its purest form.

https://www.irishtimes.com/news/health/ ... 2?mode=amp
Nice high pay, and zero responsibility ?
If he passed away within 30min then he must have been seriously fecked, but still it sounds like a right cock up

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 11:34 am
by Uncle Fester
Miguel Indurain wrote:
camroc1 wrote:
A performing loan is an asset to a bank. It means it in turn can lend more, and if done judiciously create more assets, both for the bank itself, and for business through the use of the money lent in increasing productive capacity.

In contrast a non-performing loan is a liability, increasing the banks exposure and reducing its ability to lend, and therefore reducing productive capacity of business through there being less money to invest
I think most posters here are aware of all of this, Camroc.

One thing though, it is not strictly correct to say that a NPL is a liability. All loans remain classified as an asset on a lenders balance sheet.

The amount defaulted upon is accounted for as a provision (for bad/doubtful debt), but even this provision (for bad/doubtful debts) remains classified as an asset on a lenders balance sheet. The provision will have a credit balance in the asset section of the balance sheet, whereas the loan will have a debit balance in the same section of the balance sheet. The debit balance (for the loan) is offset against the credit balance (for the bad/doubtful debt) in the asset section of the balance sheet, so as to record the value of the lenders
assets accurately.
camroc1 wrote: Speculative funds are willing to take risks that they can manage (ie get enough repaid to cover cost of purchase plus a large margin) the debt better than banks because they don't really give a fúck about theirr general reputation, indeed a reputation for being ruthless foreclosers is probably a good thing in their industry.

Selling off the bad loan means that the banks reserves are immediately increased, allowing it to lend more, and through the actions of the speculative fund, any hint of moral hazard, ie someone strategically defaulting in the hope/expectation of still having the use of the asset, is substantially reduced as the fund wants to sell the property as quickly and for as much as possible.

In general a good thing all around.
I agree that these funds will address the issue of strategic defaulters. But viewed from the strategic defaulters side, their default has delivered because like NAMA, the fund will only ever pursue what they paid acquiring the loan from the bank.

Duggan borrows €100,000 from Camroc bank.
Duggan repays €10,000 but defaults on €90,000 loaned.
Camroc bank sell €90,000 loan to ABC fund for €50,000

Duggan has gained €40,000 default (€90,000 - €50,000 = €40,000).

For those loans which have not been strategically defaulted upon and have fallen in to arrears for more genuine and truthful reasons, how these funds operate is far more important I think.
There's different levels of strategic default. The extreme end are the Paul Howard types taking rents in cash but not paying the mortgage but you also have folks who don't manage money well or prioritise badly. Remember reading about the wife of the Garda saying they ate cornflakes for dinner because they were so hard up but when she was interviewed on radio, it turned out that the real source of their problem was private school fees for their children. Likewise people who take multiple foreign holidays a year but are claiming hardship when it comes to paying the mortgage.

The only way to flush out this kind of carry on is to have it in plain black and white. Pay your mortgage or you're out.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:27 pm
by Mullet 2
The Sun God wrote:
Mullet 2 wrote:I'm in favour of selling the loans :lol:

I'm just not gobbling down the shite PTSB are spinning.
They are a total joke of a 'bank', always have been. Should have closed them down after they got their bail out.

No no SG

You and me are both Commies because we don't believe a press statement from PTSB :lol:

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:30 pm
by Mullet 2
normilet wrote:https://www.irishtimes.com/news/ireland ... -1.3400567

Image

So the Terenure, Templeogue, Rathfarnham areas will continue to remain public transport deadzones.


Much better as I said to use that money to build a Luas out to Gicksville


Also, why bring the metro all that way and stop 2 miles from linking it with the DART allowing people from Belfast get off at Malahide.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:40 pm
by Bullettyme
So, what, is it going to use the same tracks as the Luas? I see they're planning for the station on the east side of Stephens Green, which implies to me that the Luas stop will still be there on the west side. Luas green to go full northsoide?

Why a stop at Mater and a stop at Whitworth? That's absolutely bonkers! Unless they build an extensive underground station, which I doubt.

They should build a Luas or something into Tempelogue or Terenure. Maybe not enough voters that way or something.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:42 pm
by camroc1
Mullet 2 wrote:
normilet wrote:https://www.irishtimes.com/news/ireland ... -1.3400567

Image

So the Terenure, Templeogue, Rathfarnham areas will continue to remain public transport deadzones.


Much better as I said to use that money to build a Luas out to Gicksville


Also, why bring the metro all that way and stop 2 miles from linking it with the DART allowing people from Belfast get off at Malahide.
Money is the answer to all your questions.
Extending the Metro to Sandyford is costing € 500m which is in to 'no brainer' category of bang for your buck.

There were studies done on the construction of a LUAS from Dundrum/Rathfarnham/Terenure (LUAS line E). It did not pass the CBA hurdle. There are definite plans for a bus rapid transit that will link Rathfarnham and Terenure to the city centre and on to Clongriffen.
It's hard to say whether or not they're included in the national plan as all the individual Dublin Bus schemes have not been itemised out.

https://www.nationaltransport.ie/bus-ra ... -tallaght/

I see there are proposals to bring exise duty on diesel up to that on petrol raising about € 500m a year. IMO this should be ringfenced for Dublin PT, in particular the DART underground, which would give us a fairly good starter PT system for Dublin.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:42 pm
by nardol
Zero improvement on catchment areas for any of the south side.


I speak with extensive experience when i sat the following has ZERO chance of working:

'There are definite plans for a bus rapid transit that will link Rathfarnham and Terenure to the city centre and on to Clongriffen.'

Roads are too narrow and too congested to facilitate any effective bus movements. It would require at minimum a monster load current two way streets to be converted to one way roads. That will never happen.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:50 pm
by camroc1
nardol wrote:Zero improvement on catchment areas for any of the south side
But the ability to move passengers will have increased from 8k per hour for the current LUAS units and frequency to in excess of 30k per hour for metro.

EDIT @Nardol

Road space will just be taken away from vehicular traffic to accommodate segregated bus and cycle lanes.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:50 pm
by Miguel Indurain
Uncle Fester wrote:

There's different levels of strategic default. The extreme end are the Paul Howard types taking rents in cash but not paying the mortgage but you also have folks who don't manage money well or prioritise badly. Remember reading about the wife of the Garda saying they ate cornflakes for dinner because they were so hard up but when she was interviewed on radio, it turned out that the real source of their problem was private school fees for their children. Likewise people who take multiple foreign holidays a year but are claiming hardship when it comes to paying the mortgage.

The only way to flush out this kind of carry on is to have it in plain black and white. Pay your mortgage or you're out.
When people here use the term strategic default it would be useful to know what they define as a strategic default.

The Paul Howard character is most certainly a strategic defaulter.
Some might argue, as you have, that the corn flake eaters are like Howard, others might say that they're more accidental defaulters.

My own view is that the owner occupied property in arrears should be treated differently than the btl property in arrears, by the bank selling the loan and by the fund acquiring that loan.

My other point is that this strategy by Noonan inviting funds in to our country was cynical as it was treacherous.
It was the mother of all cop outs.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:52 pm
by Blackrock Bullet
I posted already that it would be great if we could link the existing track from Stephens Green to Charlemount, which be usurped by the Metro, down to Rathmines/Harold’s Cross/Terenure. But I can see why it never passed the feasibility study, it would cost a fortune. There isn’t the space on the roads. It’s basically an old part of Dublin where there was never a railway maintained (like the DART or Harcourt Street Line) or like the Red Line where you have modern roads that can share space. It would certainly need tunneling.

Why not look at more rapid bus services that can do loops, bringing people the couple of miles to Milltown and the likes? More of that needs to be done. We need to stop having so many linear bus services into the City Centre which get stuck in traffic. You shouldn’t be anymore than 30 minutes from a place like Blackrock getting the bus into town, sitting there with other commuters for large spaces without QBCs. Dublin Bus generally refuse this but this is where the regulator needs to come in.

Not everywhere can have a Metro or Luas line. In time it would be obviously be great but we are certainly looking at 20 years plus before it happens. It looks like the Metro will be a near 10 year project and then DART Underground, with a couple of Luas projects maybe which are similar to the red line.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:55 pm
by Blackrock Bullet
camroc1 wrote:
nardol wrote:Zero improvement on catchment areas for any of the south side
But the ability to move passengers will have increased from 8k per hour for the current LUAS units and frequency to in excess of 30k per hour for metro.

EDIT @Nardol

Road space will just be taken away from vehicular traffic to accommodate segregated bus and cycle lanes.
Yep. So we need to identify quick orbital routes that you can ferry people a couple of miles to the Metro stops. Buses every 5 minutes. Short hops.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:55 pm
by Rumham
camroc1 wrote:
nardol wrote:Zero improvement on catchment areas for any of the south side
But the ability to move passengers will have increased from 8k per hour for the current LUAS units and frequency to in excess of 30k per hour for metro.
What happens now with the green line. Is it just going to be scrapped?

I'm sure they went through all the options day one but it looks like a fiasco for forward planning back in the day.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:57 pm
by Mullet 2
Finglas Spur would be a good idea.

Fúck the Southside, full of cúnts anyway.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:58 pm
by nardol
Rumham wrote:
camroc1 wrote:
nardol wrote:Zero improvement on catchment areas for any of the south side
But the ability to move passengers will have increased from 8k per hour for the current LUAS units and frequency to in excess of 30k per hour for metro.
What happens now with the green line. Is it just going to be scrapped?

I'm sure they went through all the options day one but looks like a fiasco for forward planning back in the day.
Convert current Luas track from Ranelagh to metro is it not?

Wouldnt be as huge an undertaking converting track rather than placing new track.

Re: Rugby NAMA thread Revisited Rugby

Posted: Thu Feb 22, 2018 12:58 pm
by nardol
Blackrock Bullet wrote:
camroc1 wrote:
nardol wrote:Zero improvement on catchment areas for any of the south side
But the ability to move passengers will have increased from 8k per hour for the current LUAS units and frequency to in excess of 30k per hour for metro.

EDIT @Nardol

Road space will just be taken away from vehicular traffic to accommodate segregated bus and cycle lanes.
Yep. So we need to identify quick orbital routes that you can ferry people a couple of miles to the Metro stops. Buses every 5 minutes. Short hops.
Orbital roads that could be used are worse than the linear roads in to town....?

I dont see it working but would be happy to be proven wrong.