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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 10:08 pm 
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BrendanG wrote:
Coming up on the Nine O'Clock News

"Survey shows 80% of EA's selling less than 3 properties a month!"


Lack of credit blamed

SOme guy from IAVI on bullshitting about interest rate reductions and things picking up next year

:x

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 10:27 pm 
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Green Bear wrote:
Open Window wrote:
Alan Ahearne Primetime, superb analysis in about 60 seconds of where we are at.


http://dynamic.rte.ie/av/230-2457621-320-180.smil [realplayer required]


The comments on Ireland being "different" are bleak...but it always looked more vulnerable to a global property market decline.

(1) CSO had total population at about 4.4 million in April.

(2) Daft currently has 72,500 for sale and 20,800 for rent. Probably safe to round up to 100,000 total to include non-daft listings or sideliners.

(3) Assume about 4 people live in an accommodation on average, it would take about 10 percent of the population without housing and looking to buy or rent right now to fill all the existing vacancies.

Not sure what the emigration trajectory has been since April, but it will only make things worse.

(I'm sure some of the assumptions above are wrong--consider it a gut check as opposed to "analysis")


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 10:54 pm 
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BrendanG wrote:
Coming up on the Nine O'Clock News

"Survey shows 80% of EA's selling less than 3 properties a month!"


And another 18% are selling a big fat 0 per month.


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 11:04 pm 
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dloob wrote:
BrendanG wrote:
Coming up on the Nine O'Clock News

"Survey shows 80% of EA's selling less than 3 properties a month!"


And another 18% are selling a big fat 0 per month.


And 16% of vendors have taken their properties off the market.

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The Free Legal Aid Centre (FLAC) says reckless lending by credit agencies and sub-prime mortgage providers had forced people to borrow at rates they simply could not afford.
Now the builders have dropped their prices by 20 per cent, and the banks' valuers drop them by another 20 per cent.
For now, we are stuck with a system which allows troubled banks to post their keys through the taxpayers’ door and walk away.


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 11:24 pm 
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Gatelodge wrote:
dloob wrote:
BrendanG wrote:
Coming up on the Nine O'Clock News

"Survey shows 80% of EA's selling less than 3 properties a month!"


And another 18% are selling a big fat 0 per month.


And 16% of vendors have taken their properties off the market.


New evidence of slump in property auctions
Martina Fitzgerald reports on a survey showing property sales at auction have slowed to a crawl

http://dynamic.rte.ie/av/230-2458256-320-180.smil [realplayer required]

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Fri Dec 05, 2008 9:34 pm 
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Prime Time last night, dublin dockland developments..........

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Fri Dec 05, 2008 10:45 pm 
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Micahel O'Leary on the Late Late now

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Fri Dec 05, 2008 11:01 pm 
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Should he really be given this platform on the State broadcaster to make a case for his accumulation of a business which will make him a lot of money? The whole thing has been allowing him make a case as to why he should be allowed buy Aer Lingus nothing else

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Fri Dec 05, 2008 11:16 pm 
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Poacher turned gamekeeper wrote:
Should he really be given this platform on the State broadcaster to make a case for his accumulation of a business which will make him a lot of money? The whole thing has been allowing him make a case as to why he should be allowed buy Aer Lingus nothing else


nothing new there, remember last year he opened the season with women injecting eachother with Botox. that type of public funded programming made me go TVless but keep the updates coming.
TV license is a tax we don't need.

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Fri Dec 05, 2008 11:18 pm 
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Poacher turned gamekeeper wrote:
Micahel O'Leary on the Late Late now


Yawn, soft focus piece to get the public onside.

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http://www.youtube.com/watch?v=kmk-w5FdWKY
http://www.youtube.com/watch?v=XRYXxv72AQE
??
http://www.youtube.com/watch?v=aF_HSCmnFTA


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Fri Dec 05, 2008 11:48 pm 
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if its on RTE, the govt must be giving the green light for this deal.

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Sat Dec 06, 2008 12:03 am 
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The most striking thing for me was the underlying assumption that Ireland is going to have one, maybe two banks in the very near future.

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Sat Dec 06, 2008 1:31 pm 
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Did anyone else hear the interview with Mike Soden on Marian Finucane, I thought it very interesting, but the children meant I was only half listening to it. He had a lot of harsh things to say, in a polite way, about the current management:
- they are paid to see it coming
- they can't recapitalise until they are realistic about loan losses - he thinks they are in denial
- they should apologise to their shareholders (of which he is one with 150k shares) and admit that they got it wrong and that they should have been more prudent


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Sat Dec 06, 2008 2:21 pm 
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yoganmahew wrote:
Did anyone else hear the interview with Mike Soden on Marian Finucane, I thought it very interesting, but the children meant I was only half listening to it. He had a lot of harsh things to say, in a polite way, about the current management:
- they are paid to see it coming
- they can't recapitalise until they are realistic about loan losses - he thinks they are in denial
- they should apologise to their shareholders (of which he is one with 150k shares) and admit that they got it wrong and that they should have been more prudent


Very, very interesting.

Image
It was a Geisha dance between himself and Marian. More being left unsaid than was being said, yet you were left, in no uncertain terms, with the impression that both were on the side of angels.

Image
Also sounded like an on-air job application for the role of local sheriff.


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Sat Dec 06, 2008 2:33 pm 
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people thrown under a bus needlessly,

Nick Leeson (he really didnt lose too much money in the grand scheme of things ;) ), Mike Soden ( paid the price for messing with those who are very good at the internet).

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