As the title says, this is a new thread for chat about Dun Laoghaire in general without the traffic & transport nonsense.
Enjoy.
Try Street on Dundrum Road for some fairly authentic stuff. Very compact if eating in, maybe take-away is best.
Masala are very good
thanks for the tips.
my go to places for takeaway these days are Veda in cabinteely or katmandu in dalkey if i want something creamy and Nepal like. katmandu are also good with the free popadums which goes a long way in my book.
Anyone know what happened tp the trees and the toilets outside Bloomfield shopping centre?
Came here to ask the same question. Seems bizarre they've ve all been removed at the start of the spring/summer season.
AFAIK the plan is to add permanent planters, a play area and a canopy covering part of the new square. The trees etc that were there were just temporary.
https://dlrcoco.citizenspace.com/parks/pc-pks-01-20-proposed-development-of-myrtle-square/supporting_documents/Appendix%206%20%20Computer%20Generated%20Images%202471.pdf
Any word on whether the pedestrianisation of George St will be repeated this year? Simple yes or no please :)
The canopy and planters look good. I asked the same question last month, but I still have no idea if they plan to re-pedestrianise the street or not!
What happened in Deansgrange earlier. Saw two ambulances and a bunch of Gardai outside the Grange pub around 5pm.
The plan for Convent Lane looks like Tesco delivery trucks will no longer have access unless it will be via the Covent Road side? I don't see public toilets in the drawings either, I hope they bring them back. But the square looks well. Hopefully will be borne out by reality.
Wasn't the original planning on this site for circa 650 unit student accommodation?
https://www.irishtimes.com/business/construction/cairn-homes-seeking-to-build-more-than-370-apartments-on-south-dublin-site-1.4857764
Oh dear, Pat is not going to be a happy bunny !!!
https://www.irishtimes.com/news/ireland/irish-news/minister-orders-reversal-of-dalkey-killiney-housing-ban-1.4859573
Yeah, it will be interesting to see what happens to the affected lands. Do you reckon a few SHDs might take advantage of this or will it be a more modest affair?
Did SHDs not end ?
Don't know actually. Did they?
If the pre planning wasn’t in before 17 Dec 21, it’s closed. https://www.irishtimes.com/business/construction/fast-track-planning-process-won-t-be-wound-up-until-june-next-year-1.4723808
The IT is also reporting that the building that houses the Bank of Ireland branch in Dún Laoghaire has been sold to a private investor for €2.5 million.
Is the branch still open ?
pretty common to sell buildings and lease them back. Mortgage isn’t a deductible tax expense, rent is.
It was for mostly student accommodation, yes
Why would banks have mortgages? I don't think they're borrowing from other banks to buy their buildings.
If they are selling and leasing them back, it is because they reckon the market is topping out. Didn't AIB sell the Ballsbridge HQ site around 2006, just before the bubble burst?
It could be either a prescient move or just a smart cash flow generator with tax benefits. Who knows.
It they knew the bubble was busting in 2006, they would have made far more preparations like atop giving out massive loans which would be write off.
why have a mortgage?
because it frees up cash. Paying for their buildings up front means they have less money to work off
Local relief as ‘Dracula Towers’ plan rejected in Glenageary
Anyone know any further details on this?
A mortgage costs them more in the long run. Cash is a commodity for banks, they're not really too short of it.
No further news, but a strange and worrying development. There is usually plenty of activity around that area at 5.30 on a Friday afternoon.
Mortgages are classified as assets on the banks balance sheets, whereas deposits are classified as liabilities. Hence the need to push out mortgages and other loans to punters.
The discussion is about banks supposedly using mortgages to buy property for themselves, not about banks pushing mortgages on other punters.
Same principle applies.
The reverse principle applies. Banks push mortgages on other punters because banks make money from selling mortgages to others.
They don't make money by borrowing from other banks at mortgage rates.
All you have to do is to look at recent history i.e. Anglo Irish Bank > Sean Fitzpatrick > PTSB shenanigans to realise how naïve that statement is.
But in direct response to the claim:
“Why would banks have mortgages? I don't think they're borrowing from other banks to buy their buildings.”
Take 2 fictitious banks say IOB and BIA. So lets say a senior officer in IOB wants to buy a building and she approaches her mate in BIA for a mortgage to buy the asset. Her mate in BIA readily agrees to providing the funding / mortgage on the understanding that this type of arrangement will be reciprocated in the future if required.
So what are the implications of this?
The mate in BIA (the funder) gets a significant bonus of the basis of the loan and the bank itself gets a quality low risk loan (asset) on the balance sheet.
IOB (the Mortgagee) takes an additional liability on the balance sheet matched by a quality asset the building. Basel 111 Capital Adequacy Ratios (CAR) are unaffected as they haven’t used their own capital.
So a win - win for everybody with a rinse an repeat in turn, with everybody getting claps on the back and huge bankers bonus’s
And that’s why banks would have mortgages and borrow from other banks!
![Photo of [Deleted User]](https://www.boards.ie/applications/dashboard/design/images/banned.png)
