Dublin Opinion

Posted in Irish Economy, Irish housing, politics/Ireland | 13 Comments

13 Responses to “WHAT DOES NAMA LOOK LIKE?”

1. on 22 Mar 2010 at 11:58 am1Donagh

   The website was set up in May 2008 by a poster on Property Pin under the name of Real Estate Developer.

2. on 22 Mar 2010 at 10:30 pm2Tomboktu

   It is missing one out near Portmarnock. (I passed it a few times last April when an uncle died.)

3. on 22 Mar 2010 at 10:45 pm3Bartholomew

   You could add markers to show apartment blocks in Latvia, shopping centres in Slovakia, hotels on the Bulgarian coast and a couple of hotels in central London. Coming soon - golf courses in Austria, retirement villages in Florida….

4. on 22 Mar 2010 at 11:04 pm4sonofstan

   It is missing one out near Portmarnock.
   Belmayne?
   My daughter has a friend who lives out there, she says its creepy at night with one house inhabited on otherwise empty streets.
   You know the plaque on the footpath in Wenceslas Sq marking the demise of ‘Kommunismus’? perhaps a similar tombstone for the Tiger might be placed out there?

5. on 22 Mar 2010 at 11:10 pm5Dakota

   The very poorest will be used as ‘rent’ cattle to convey secure money into the pockets of these developers ? - as the Minister for Housing (M.Finneran) now is telling the big housing associations that they are to ‘manage’ (for the developers !?) these houses - on a ‘lease’ basis. Then the houses revert back to the developers.
   Also, what about all the empty/derelict places in towns/villages that have been empty for decades - to keep prices of other houses up. Will the owners of these ? now ? access A.I.B./B.o.I. loans in the next few years to refurbish etc. - as they have these ‘assets’, i.e. they may be considered for loans before anyone with no assets.

6. on 22 Mar 2010 at 11:16 pm6ec

   It’s actually a very empty map compared to the reality. Roscommon and leitrim are the worst in the country in terms of unoccupied estates and they aren’t represented at all. Great pictures though.

7. on 23 Mar 2010 at 12:55 pm7anarchaeologist

   I wonder what the status of holiday home estates is? I’m thinking of south Donegal in particular where hundreds of houses have been constructed over the past 10 years or so under the holiday resort tax breaks. These houses lie empty from September to July but in Bundoran at least, they’re still building them. Strangely enough, the two biggest developers in Bundoran have good FF connections and Mary Coughlan (the other one) has had a regular gig up there for years cutting ribbons and generally making herself available. Bundoran (and to a lesser extent Ballyshannon) has a great tradition of demolishing protected structures (that’s what they call ‘listed buildings’ these days) and extinguishing public rights of way to facilitate such ‘development’. The UDC seems to work as a private fiefdom for these operators, with little reference made to the planning acts, sustainable development or any of that auld guff. I’ve heard it suggested that many local appeals to An Bord Pleanála have been ‘bought off’, but I’ve also heard of more direct interventions being made to withdraw an appeal.
   It’s instructive to take a trip along the border on Google Earth; the border starts where the houses stop, a phenomenon particularly noticeable in Donegal and Louth.

8. on 23 Mar 2010 at 4:53 pm8THATS NOT MY NAMA!

   A group of Geographers in Maynooth have this blog which illustrates quite well the geography of NAMA. NI and the rest of the UK where property purchased at ‘Paddy prices’ is still in need of research.. there has been some rumblings but it is largely being unexplored.

9. on 23 Mar 2010 at 5:01 pm9THATS NOT MY NAMA!

   “It’s actually a very empty map compared to the reality. Roscommon and leitrim are the worst in the country in terms of unoccupied estates and they aren’t represented at all. Great pictures though.”

   Sorry that post should have included these links: http://irelandafternama.wordpress.com/2009/12/11/leitrim-2009-annus-mirabilis/ http://irelandafternama.wordpress.com/2010/01/27/ghost-estates-per-county/

   Also the Urban Institute at UCD and researchers at DIT have also carried out some work on this: http://www.ucd.ie/news/2010/03MAR10/050210_housing.html

10. on 23 Mar 2010 at 10:34 pm10Conor McCabe

    As of course did Dublin Opinion two and a half years ago:

    http://dublinopinion.com/2007/09/22/ghosts-towns-of-leitrim-and-longford/

    http://dublinopinion.com/2007/08/18/irish-housing-watching-a-fat-man-dance/

11. on 24 Mar 2010 at 2:06 pm11Eoin O'Mahony

    But Conor: no one wanted to hear it then. I for one was too busy stuffing wads of hundreds under the mattress and not investing it.

    And that’s all that matters. Tra la la la.

12. on 24 Mar 2010 at 2:19 pm12Conor McCabe

    

13. on 24 Mar 2010 at 11:44 pm13Dakota

    Auctioneering, the old style of hammer/table auctioneering, in an open setting, should start now ? But that still does not ensure the poor (me) could bid much. It just all seems to get back to banks; and the odd thing is that maybe A.I.B. and B.o.I. should be replaced by : ‘Fianna Gael Bank’ and ‘Fianna Fail Bank’ ?, as, as to T.D.s, it is more like approaching a bank, than approaching a bank itself. These parties have got arrange some forum, where the poor, can bid. Without the wads of cash/assets ‘investors’.
    It was said once that around 1940’s? the bankers of France were like ‘Ayatollahs’, in their determination to keep the Franc strong. And it is the time now, in this country?, that due diligence, is brought by the banks to each and every, business.
    In your last post it said: “The supply of mortgages over 400K is what dropped off”. That Fianna Fail and Fine Gael go to the global money supply, without themselves assessing ‘national’ economy the problem ? If they do not address the micro problem of the less well-off to access a mortgage to own their own home; then just put A.I.B. and B.o.I. in Dail Eireann.

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