Get out you feckers, Goldman Sacks owns this house now!

stoplooklisten

Over 200 families in Dublin are facing eviction, as their homes look set to be sold to meet debts by a property developer.
http://www.98fm.com/200-Families-In-Tyrrelstown-Facing-Eviction

So GS bought the debts and now wants to empty the estate and sell lit. Surely they can't do this?

Nama, for the people, by the people, of the people. vulture funds at it's best.

no word from the ptrb

GavRedKing

Pedant, its Goldman Sachs.

Lights On

His brother Andrew was always the nicer one.

elperello

GavRedKing wrote: »

Pedant, its Goldman Sachs.

Right first time, sacks of money!!

massdebater

Goldman Sucks

stoplooklisten

GavRedKing wrote: »

Pedant, its Goldman Sachs.

Well it'll be sacks you'll be needing to pack up your stuff and get out

Peregrine

stoplooklisten wrote: »

So GS bought the debts and now wants to empty the estate and sell lit. Surely they can't do this?

Sell their property? Why not?

As long as they give the minimum notice to their tenants, I don't see the problem.

elperello

Peregrine wrote: »

Sell their property? Why not?

As long as they give the minimum notice to their tenants then I don't see the problem.

Yes of course, anyone would think that NAMA was a pro-Bono outfit, but wait!

JohnFalstaff

elperello wrote: »

Yes of course, anyone would think that NAMA was a pro-Bono outfit, but wait!

Well they do seem to have given him a good deal on this hotel he bought off them...

http://www.businesspost.ie/bono-and-edge-buy-clarence-hotel-in-off-market-nama-deal/

Duckworth_Luas

elperello wrote: »

Yes of course, anyone would think that NAMA was a pro-Bono outfit, but wait!

Every time he claps his hands Goldman Sachs steal someones house!

nullzero

Peregrine wrote: »

Sell their property? Why not?

As long as they give the minimum notice to their tenants then I don't see the problem.

In light of the shortage of housing in this country currently it is understandable why people may feel peeved by this situation.

Brindor

Here comes the money....
Money Toss
Here comes the money....
Money, Money, Money!

Anyway, as much as it sounds like the actions of a Pantomime Villain, it isn't all that bad.
Surely, they'll find another place to stay, right ?

kneemos

Peregrine wrote: »

Sell their property? Why not?

As long as they give the minimum notice to their tenants then I don't see the problem.

Think they gave them 24 hours or something.
Don't see why they can't sell them with tenants in place?Saves bother for the new owners.

questionmark?

kneemos wrote: »

Think they gave them 24 hours or something.
Don't see why they can't sell them with tenants in place?Saves bother for the new owners.

Do you have a link to show they only gave 24 hours notice to get out? If they did the tenants don't need to leave and can lodge a claim through the PRTB.
If they gave full notice then they are perfectly entitled to ask people to leave so they can sell the property as any landlord is.

BoJack Horseman

We just need to elect a parliament predominately made up of left wing TD's who can form a government that will put the people first.

oh wait... that's what we did do!

Peregrine

nullzero wrote: »

In light of the shortage of housing in this country currently it is understandable why people may feel peeved by this situation.

They can't sell houses because there's a housing shortage?

Bear in mind that they're selling the houses, not knocking them down. Other people will move in.

They may be peeved off but, in the end, they rented a house and the owner now wants to sell the house. What can they do?

Hercule Poirot

Lights On wrote: »

His brother Andrew was always the nicer one.

Que?

The Moldy Gowl

Peregrine wrote: »

They can't sell houses because there's a housing shortage?

Bear in mind that they're selling the houses, not knocking them down. Other people will move in.

They may be peeved off but, in the end, they rented a house and the owner now wants to sell the house. What can they do?

Or the people living there can buy the house.

K.Flyer

Lights On wrote: »

His brother Andrew was always the nicer one.

A nice guy, but he knowz nawthing...

nullzero

Peregrine wrote: »

They can't sell houses because there's a housing shortage?

Bear in mind that they're selling the houses, not knocking them down. Other people will move in.

They may be peeved off but, in the end, they rented a house and the owner now wants to sell the house. What can they do?

A large number of people who rent are unable to afford their own property. These properties will most likely be rented out again at higher rates after being bought as investment properties.
Rents are far too high as it is and this I would guess won't improve that situation and will leave a lot of people struggling to an even greater degree than they already were to both find and pay for a new rented property, exacerbated in no small part by the competition they will face from each other(persons living in and now being removed from the said development).
Of course the owner has the right to sell but this situation looks likely to be slightly OTT considering the fact that the tenants could well have been left in place as the properties may likely be bought by investors or even one investor.

kneemos

questionmark? wrote: »

Do you have a link to show they only gave 24 hours notice to get out? If they did the tenants don't need to leave and can lodge a claim through the PRTB.
If they gave full notice then they are perfectly entitled to ask people to leave so they can sell the property as any landlord is.

No,talking about it on the wireless though.

Kintarō Hattori

Hercule Poirot wrote: »

Que?

The poster was joking as there's a famous actor called Andrew Sachs (Manuel in Fawlty Towers):

https://en.wikipedia.org/wiki/Andrew_Sachs

Sachs isn't exactly a common name.

nullzero

Kintarō Hattori wrote: »

The poster was joking as there's a famous actor called Andrew Sachs (Manuel in Fawlty Towers):

https://en.wikipedia.org/wiki/Andrew_Sachs

Sachs isn't exactly a common name.

Thanks for clearing that one up...

Skylinehead

Kintarō Hattori wrote: »

The poster was joking as there's a famous actor called Andrew Sachs (Manuel in Fawlty Towers):

https://en.wikipedia.org/wiki/Andrew_Sachs

Sachs isn't exactly a common name.

I believe a "whoosh" is coming your way

Kintarō Hattori

Skylinehead wrote: »

I believe a "whoosh" is coming your way

*Sigh*......... I haven't had breakfast yet.


I'm off to make breakfast.



*note to self......... keep trap shut in future.

stoplooklisten

Kintarō Hattori wrote: »

*Sigh*......... I haven't had breakfast yet.


I'm off to make breakfast.



*note to self......... keep trap shut in future.

SEPT 23 1989

This will get very messy

nullzero

Kintarō Hattori wrote: »

*Sigh*......... I haven't had breakfast yet.


I'm off to make breakfast.



*note to self......... keep trap shut in future.

Kippers for breakfast?

BoJack Horseman

nullzero wrote: »

Kippers for breakfast?

Not till the 15th of July

Valetta

nullzero wrote: »

Kippers for breakfast?

Gotta have them in Texas , where everyone's a millionaire.

stoplooklisten

Who was the developer? I'm looking but i can't seem to find it

PARlance

stoplooklisten wrote: »

Who was the developer? I'm looking but i can't seem to find it

Go to the "about us" section on the on the Nama website, most of them are on there.

gladrags

BoJack Horseman wrote: »

We just need to elect a parliament predominately made up of left wing TD's who can form a government that will put the people first.

oh wait... that's what we did do!

Your nonsense won't change the fact that NAMA,allowed serial vultures and parasites,to feed off the carcas of the banks...

Who in turn were bailed out by the very people,who are now are at the mercy of the vultures.

The taxpayer gets it in the neck,every time.

Give over with your left thing nonsense.

Fratton Fred

This has got nothing to do with NAMA, it was Ulsterbank that sold the debt to Goldman Sachs.

They lent the money to Twinlite and have sold on the debt.

Meh, the developer will be able to pay off some debts and the people will get notice. I don't see how the fact that it's 200 families makes it any different to a landlord selling and giving notice. People aren't dying here.

stevedublin

BoJack Horseman wrote: »

We just need to elect a parliament predominately made up of left wing TD's who can form a government that will put the people first.

oh wait... that's what we did do!

Fine Gael and Fianna Fail make up the majority of the Dail. Are they the left wing TD's to which you refer?

BMJD

Peregrine wrote: »

Sell their property? Why not?

As long as they give the minimum notice to their tenants, I don't see the problem.

Over 60 families evicted, some with just one months notice, you don't think that's a problem? Over 60 families in one area now looking for somewhere to live when there's a housing shortage? No problem!


http://www.irishtimes.com/news/social-affairs/over-60-families-in-dublin-served-with-eviction-notices-1.2571775

The Moldy Gowl wrote: »

Or the people living there can buy the house.

They can't buy them, they have been prevented from bidding on them
http://www.independent.ie/opinion/analysis/stephen-donnelly-an-outrageous-act-of-vandalism-and-sheer-stupidity-30013668.html

stoplooklisten

BMJD wrote: »

Over 60 families evicted, some with just one months notice, you don't think that's a problem? Over 60 families in one area now looking for somewhere to live when there's a housing shortage? No problem!


http://www.irishtimes.com/news/social-affairs/over-60-families-in-dublin-served-with-eviction-notices-1.2571775



They can't buy them, they have been prevented from bidding on them
http://www.independent.ie/opinion/analysis/stephen-donnelly-an-outrageous-act-of-vandalism-and-sheer-stupidity-30013668.html

is that not preventing free trade and illegal?

Maguined

It's not and the families have not been prevented from bidding. The seller has chosen to sell them in bulk rather than individually. If they wanted the families could all come together and bid on the bulk sales. What they cannot do is demand that the seller is forced to sell them individually rather than in bulk so the families can bid on their own individually.

MacauDragon

Difficult time to find rental property.

Storieslike this are why owning is the better option in the long term.

Cakes and Ale

Originally Posted by BMJD View Post
Over 60 families evicted, some with just one months notice, you don't think that's a problem? Over 60 families in one area now looking for somewhere to live when there's a housing shortage? No problem!


http://www.irishtimes.com/news/socia...ices-1.2571775



They can't buy them, they have been prevented from bidding on them
http://www.independent.ie/opinion/an...-30013668.html
is that not preventing free trade and illegal?

Isn't this mixing up two different stories? I thought the deal was that the 60 being 'evicted' are renting, and the full 200 are also renting?

All the political commentary and some media stuff on this is totally irresponsible and OTT. No one is being 'evicted' from their family home. I'm not saying it's not a nice thing to happen (had it myself) but when you don't own the property there's not a whole lot you can do about it. Surely them's the breaks?

seamus

Cakes and Ale wrote: »

Surely them's the breaks?

Yeah, pretty much. The risk you take when you rent in Ireland is that you may find yourself evicted under these circumstances.

The issue here is poor tenancy protection for long-term rentals rather than NAMA or "vulture" funds, etc. The company in question are doing nothing legally wrong, and not even ethically wrong from a high level.

Yillan

I for one welcome our new insect overlords

To the sugar caves everyone

snubbleste

So is this a fair comparison to the poor O'Donnells of Gorse Hill?

snubbleste

Cakes and Ale wrote: »

..All the political commentary and some media stuff on this is totally irresponsible and OTT. No one is being 'evicted' from their family home. I'm not saying it's not a nice thing to happen (had it myself) but when you don't own the property there's not a whole lot you can do about it. Surely them's the breaks?

It's their 'family home' as you put it.

ohnonotgmail

snubbleste wrote: »

It's their 'family home' as you put it.

surely you have to own something before you can say it is "yours"?

snubbleste

ohnonotgmail wrote: »

surely you have to own something before you can say it is "yours"?

They are a family. It is their home. They are paying rent.

diomed

snubbleste wrote: »

They are a family. It is their home. They are paying rent.

It is not their house.

end of the road

diomed wrote: »

It is not their house.

but it's their home. slight difference. they may not own the building but it is where they live (well lived)

MrMaki

Are all of those 200homes in D15? Article says only that 60 families from tyrrelstown got letters


The reason I ask is that there are only 31 properties for rent in D15 for less than €1500 per month.

If yes prices in D 15 will go up again..

Kermit.de.frog

Don't see the issue. Goldman Sachs owns the properties. Can do what they like with them.