MacronvFrugals wrote: » How convenient is this, an untouchable class of people in Ireland.Multi-million Anglo write-offs may be impossible to investigate, commission sayhttps://www.irishtimes.com/news/ireland/irish-news/multi-million-anglo-write-offs-may-be-impossible-to-investigate-commission-says-1.4369445?mode=sample&auth-failed=1&pw-origin=https%3A%2F%2Fwww.irishtimes.com%2Fnews%2Fireland%2Firish-news%2Fmulti-million-anglo-write-offs-may-be-impossible-to-investigate-commission-says-1.4369445RTE stars, judges and rugby elite who owe Anglo millionshttps://www.independent.ie/irish-news/rte-stars-judges-and-rugby-elite-who-owe-anglo-millions-29887499.html
Cyrus wrote: » whats the link between the two articles, theres no suggest that the "rte 'stars', judges and rugby 'elite' got a write off is there?
Pelezico wrote: » There is no connection. The last recession scarred everyone. We all owned a bit of blame too. Everybody' spent too much and borrowed too much. We have another almighty recession coming our way now. The fact that we have behaved ourselves is of little importance. This one for me seems bigger than the last.
thomas 123 wrote: » Article from 2014 about write offs.
MacronvFrugals wrote: » It really shows Ireland was an incestious country, how does rugby player get 50 million in loans.
PropQueries wrote: » but it could be a significant source of unforeseen residential supply going forward none the less.
Cyrus wrote: » can you point out any reference to write offs in the 2014 article?
thomas 123 wrote: » I can’t because they “can’t be investigated” ��
MacronvFrugals wrote: » Looking IRES's portfolio they own lots of apartments in Ballymun, since the beginning of March a really high volume of these apartments have went up for sale, i wonder are they looking to quietly build up some cash reserves.
Pelezico wrote: » Average rent projected at 1853pm with full occupancy. Why are so many vacant?
Darc19 wrote: » Interesting to see most lots sell in today's bidx1 auction. Prices of anything decent got 10%-20% above the amv. A dozen or so properties that did not sell in the June 30th auction sold above the June reserve.
Cyrus wrote: » how do you know it wasnt Tony O'Reilly? in fact it probably was.
MacronvFrugals wrote: » The amount of money needed to investigate this should be unlimited, the siteserv carry on proved its who know that matters in Ireland.
Pelezico wrote: » That is absolute nonsense. Siteserv has been rebranded as Actavo which has incurred enormous losses over the last few years. I bet Denis I Brien wishes he never touched the company.
Leozord wrote: » Highest surge in asking price since Q1 2017 More details in: https://www.myhome.ie/reports By looking at it, this Q3 was the "best" this year for covid when it comes to economic activity. It was expected that the price would go up. I don't think the same will happen in Q4, but let's wait and see how it goes.
brisan wrote: » Probably were for the student rental market at DCU That's gone now.
Dick Turnip wrote: » Yes, I've noticed that too. A house I viewed in July for 325k I see is now at 295k but they simply took down the old one and reposted as a new ad so the price drop wouldn't show. If possible, Daft should link a listing by eircode to avoid this.
MacronvFrugals wrote: » "Big companies win big state contracts"
MacronvFrugals wrote: » TIP: go onto twitter and search the address, any price changes over the last 10 years will be recorded by the myhome.ie bot account
Cyrus wrote: » thats not evidence of falling prices though, its evidence of a developer over pricing their product.
Pelezico wrote: » The Siteserv carry on as you say implies Denis O Brien got a great deal with Siteserv purxhase. Siteserv has been a financial disaster.
brisan wrote: » There are still believe it or not some of us in the world who are not members of the Twitterati
Pelezico wrote: » There is no connection. The last recession scarred everyone. We all owned a bit of blame too.Everybody' spent too much and borrowed too much. We have another almighty recession coming our way now. The fact that we have behaved ourselves is of little importance. This one for me seems bigger than the last.
MacronvFrugals wrote: » He always gets deals thats the problem, Ireland's very own oligarch threatening our parliament while sitting in Malta and still getting big state contracts!The company installing Irish Water meters has racked up multimillion-euro profitshttps://www.thejournal.ie/irish-water-meter-installer-profit-3-3531456-Aug2017/
silver2020 wrote: » profit was less than 5% of turnover - but you can go on the attack and create a fakeness by simply saying "millions" without looking at the turnover. 2.5m profit on a turnover of 54m is on the low side for such companies. Most companies would be looking at 8-12% net profits whereas companies like Apple get 20% net margins. But people just like to attack someone like denis o'brien because that's what the leftist take take take types do. Those building houses look for 10-15% profit margins which I think is on the high side and shows that there's always 7-10% bargaining in the price of new hosues
cnocbui wrote: » Very presumptuous of you - speak for yourself, not others.
Pelezico wrote: » If you analyse Siteseev/Actavo accounts in recent years they lost 60m in 2017 and 2018. A lot of poor contracts were inherited which is probably why Siteserv owed Anglo so much money in the first instance. Anyway this has nothing to do with property.
