NAMA Guaranteeing Negative Equity Portions of Home Loans


#157

Grumpy, are you any good at thinking, or did you just skip that entire step before you started typing?

If the price goes down, the asset you purchased has fallen in value. Under this scheme, you are compensated up to a 20% fall. No net gain for the buyer, but a loss of up to 20% is neutralized.

If the property grows 20%, for a 10% deposit, I’ve gained in net worth.


#158

businessetc.thejournal.ie/nama-m … 9-May2012/


#159

Pairc Na Ri estate in Athenry, Co. Galway is now on scheme

daft.ie/1676150
daft.ie/1676149
daft.ie/1676148
daft.ie/1676147

It seems that asking prices are not extremely high, with similar estate about 1km away selling for 60k to 120k for similar houses.


#160

nama.ie/news/nama-extends-80 … -counties/

Development Name									Unit Number

Castleoaks, Dublin Road, Carlow						 21
Churchfields, Clonlara, Co Clare						14
Tir Cluain, Midleton, Co Cork						    10
Castle Heights, Carrigaline, Cork					    3
Silken Park, Citywest, Dublin 24					   6
Carrickmines Manor, Glenamuck Road, Dublin 18			6
Pairc na Ri, Athenry, Co Galway						 18
Oakfield, Park Road, Killarney, Co. Kerry			6
Cluain Bhearu, Athy, Co Kildare						 4
The Weir, Castlecomer Road, Kilkenny					10
Castlerock, Castleconnell, Limerick					 20
Silverstream, Stamullen, Co Meath					   15
Fitzherbert Wood, Slane Road, Navan, Meath			5
Ardfinn, Strandhill Road, Co Sligo					 16
Elderwood, Castlebridge, Co Wexford					 26

#161

Some difference in the asking between these two housetypes in Castlebridge, Wexford in the same estate:

425k
4 bed detached, 206 sqm:
daft.ie/searchnama.daft?id=411435

215k
4 bed detached, 165 sqm:
daft.ie/searchnama.daft?id=420615


#162

Houses in the middle of nowhere with no front gardens. Absolute joke.


#163

Prices in Churchfields, Clonlara, Co. Clare falling to include the 20% reduction NAMA are offering
Nama 150K
daft.ie/1574602

Private Sale 135K
myhome.ie/1619726

collapso.dyndns.org/JavaHost/servlet/MySQLsalehistoryMyHome1?id=1619726&client=client003&source=email

NAMA getting the market moving 8DD


#164

It appears some of the houses in Killeen castle are back on the market. Thought i’d post it here too.

The ads are a little sketchy in the details:
viewtopic.php?p=675317#p675317

This is a scheme that was taking queries for cancellations only by the way.


#165

Latest offerings fro NAMA’s 80:20 Deferred Payment Initiative

namawinelake.files.wordpress.com … etails.pdf


#166

Lots of cack there.
Wonder what the apartments in Carrickmines are asking, they fail to mention it


#167

Just went to have a quick nosey on MyHome and a big banner ad caught my eye

myhome.ie/nama

The name of this place made me chuckle

https://photos.myhome.ie/media/4/8/4/215484/mainnew_l.jpg

myhome.ie/residential/brochure/delvin-banks-naul-village-naul-co-dublin/215484


#168

Absolutely - have a look at them on Google Maps and it’s ridiculous, there’s grass everywhere … just none in front of your effing house. Shambles.


#169

Delvin Banks?..That’s a joke name, surely, like Sillius Sodus or Biggus Dickus.


#170

Well, the banks are delvin’ into the taxpayers pocket nowadays!


#171

If they had delved into banks 10 years ago…


#172

Very interesting thread on Politics.ie on NAMA and its role in maintaining inflated property prices…

NAMA versus the Grim Reaper

politics.ie/forum/economy/21 … eaper.html


#173

The spin makes my head hurt.

independent.ie/business/namas-8020-mortgage-scheme-set-to-close-29923043.html

280 properties were available under the 80/20 scheme
irishhouses.ie/nama/nama-180-houses-mortgage-scheme.php


#174

Unsurprisingly, Namawinelake was on the case.

asktheeu.org/en/request/ireland_national_asset_managemen#incoming-3897

Request submitted on May 11th 2012. Partial response received on May 8th 2013. Further documents submitted up until January of this year.

NWL shut down his/her blog on May 19th 2013,

Does anyone have the time and knowledge to go through these and explain it to me like I’m a child like he/she used to?


#175

Didn’t go through anything but I live now in one of these NAMA estates. A lot of units have sold in the past 6 months and the final units have increased in price although they were showhouses.


#176

Just recalled this today.

Any update, how any of these are working out? Since prices rose after it was introduced I assume people didn’t get the potential reduction.