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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 8:38 pm 
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Neo Landlord

Joined: Oct 2, 2007
Posts: 262
Caught the end of Tom Parlon on Matt Cooper this evening. Basic argument was for government to provide 'stimulus package' (read bailout) for the construction industry to 'free up 2 billion euros in unpaid VAT for the government' (read get some cash into builders pockets so that they can 'build more houses and employ more people'. He claimed to be talking about small builders who build 8 to 10 houses! :roll:

It was basically gthe same lies but he has obviously picked up on the fact that people aren't interested in bailing out the big developers he represents so he's trying to spin his desired bailout as helping small family building firms through a difficult period so they can keep young Jimmy the labourer in a job!


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 8:49 pm 
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Real Estate Developer

Joined: Nov 8, 2006
Posts: 999
Location: Up west
Matt tackled Parlon on whether or not he is taking a pay cut this year, and how much of a pension he would have got after his five years in the Dail.

Tom Parlon reckoned it's a tiny pension he recieves (he doesn't know how much but it's on the public record)

Matt said they'll go check it out and come back to listeners.


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 9:38 pm 
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Speculator

Joined: Oct 4, 2007
Posts: 463
Location: Just over there
banjobater wrote:
Caught the end of Tom Parlon on Matt Cooper this evening. Basic argument was for government to provide 'stimulus package' (read bailout) for the construction industry to 'free up 2 billion euros in unpaid VAT for the government' (read get some cash into builders pockets so that they can 'build more houses and employ more people'. He claimed to be talking about small builders who build 8 to 10 houses! :roll:

It was basically gthe same lies but he has obviously picked up on the fact that people aren't interested in bailing out the big developers he represents so he's trying to spin his desired bailout as helping small family building firms through a difficult period so they can keep young Jimmy the labourer in a job!


I think Cooper enjoys having a go at Tom - never fails to tackle him about the bailout and Tom just keeps coming back for more like the spinmeister that he is, though he did get quite rattled at one stage this evening accusing Matt of repeating some line he'd heard him say earlier this week and basically accusing him of being sarcastic.

Didn't get a clear answer from Tom when asked if he'd be taking a 10% cut like the CIF members are asking their employees to do - that'll be a "No" then !

As for the old "VAT-release windfall" chestnut, God only knows what market he is basing his €2b figure on ! Would that be based on 2006 height-of-the-boom sales prices Tom??

A word in your ear Tom......the world has moved on - there aren't enough buyers out there for all of the poorly-built crap your members are sitting on, and many of them are in locations even the most desperate FTB'er doesn't want to live even if your developer buddies were giving them away.

Methinks that €2b balloon is losing air at a rapid rate

Welcome to Parlon country - mind the bullshit.


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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 9:48 pm 
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Nationalised
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Joined: Nov 8, 2006
Posts: 8873
Location: Location, Location.
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]

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 Post subject: Re: Bubble Radio / TV: Give advance notice here!!!
PostPosted: Wed Dec 03, 2008 10:05 pm 
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Too Big to Fail

Joined: Jan 29, 2008
Posts: 3133
Location: In a greener field.
Coming up on the Nine O'Clock News

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

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The best way to predict your future is to create it. - Abraham Lincoln


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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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Under CAB Investigation
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Joined: Apr 20, 2008
Posts: 2613
Location: Under a baNAMA tree
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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"Everything is connected to everything else" - Lenin
"Housing policy is like law and order. It brings out the idiot in politicians - and journalists." - Simon Jenkins


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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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Back Home with Mammy

Joined: Jun 17, 2008
Posts: 70
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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Neo Landlord

Joined: Nov 9, 2006
Posts: 250
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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Under CAB Investigation

Joined: Feb 23, 2007
Posts: 2220
Location: Milky Way Galaxy
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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Nationalised
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Joined: Nov 8, 2006
Posts: 8873
Location: Location, Location.
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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