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

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Comments

  • #32
    PARlance
    Registered Users, Registered Users 2 Posts: 22,638 ✭✭✭✭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.


  • #33
    gladrags
    Registered Users, Registered Users 2 Posts: 6,028 ✭✭✭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.


  • #34
    Fratton Fred
    Closed Accounts Posts: 26,566 ✭✭✭✭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.


  • #35
    [Deleted User]
    Posts: 18,046 ✭✭✭✭ [Deleted User]


    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.


  • #36
    stevedublin
    Registered Users, Registered Users 2 Posts: 980 ✭✭✭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?


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  • #37
    BMJD
    Registered Users, Registered Users 2 Posts: 2,637 ✭✭✭BMJD


    Peregrine wrote: »
    Sell their property? Why not? :confused:

    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


  • #38
    stoplooklisten
    Registered Users, Registered Users 2 Posts: 2,492 ✭✭✭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?


  • #39
    Maguined
    Registered Users, Registered Users 2 Posts: 8,247 ✭✭✭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.


  • #40
    MacauDragon
    Registered Users, Registered Users 2 Posts: 217 ✭✭MacauDragon


    Difficult time to find rental property.

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


  • #41
    Cakes and Ale
    Registered Users, Registered Users 2 Posts: 203 ✭✭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?


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  • #42
    seamus
    Registered Users, Registered Users 2 Posts: 68,173 ✭✭✭✭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.


  • #43
    Yillan
    Registered Users, Registered Users 2 Posts: 932 ✭✭✭Yillan


    I for one welcome our new insect overlords

    To the sugar caves everyone


  • #44
    snubbleste
    Banned (with Prison Access) Posts: 31,119 ✭✭✭✭snubbleste


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


  • #45
    snubbleste
    Banned (with Prison Access) Posts: 31,119 ✭✭✭✭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.


  • #46
    ohnonotgmail
    Registered Users, Registered Users 2 Posts: 41,366 ✭✭✭✭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"?


  • #47
    snubbleste
    Banned (with Prison Access) Posts: 31,119 ✭✭✭✭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.


  • #48
    diomed
    Closed Accounts Posts: 4,744 ✭✭✭diomed


    snubbleste wrote: »
    They are a family. It is their home. They are paying rent.
    It is not their house.


  • #49
    end of the road
    Registered Users, Registered Users 2 Posts: 30,016 ✭✭✭✭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)

    I'm very highly educated. I know words, i have the best words, nobody has better words then me.



  • #50
    MrMaki
    Registered Users, Registered Users 2 Posts: 117 ✭✭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..


  • #51
    Kermit.de.frog
    Registered Users, Registered Users 2 Posts: 26,382 ✭✭✭✭Kermit.de.frog


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


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  • #52
    ohnonotgmail
    Registered Users, Registered Users 2 Posts: 41,366 ✭✭✭✭ohnonotgmail


    end of the road wrote: »
    but it's their home. slight difference. they may not own the building but it is where they live (well lived)

    which they pay rent and receive the same tenants rights as any other tenant. those rights are not being breached here.


  • #53
    smash
    Closed Accounts Posts: 34,808 ✭✭✭✭smash


    end of the road wrote: »
    but it's their home. slight difference. they may not own the building but it is where they live (well lived)

    Much like most of what you post, I fail to see your point. They're renting here now, they can possibly continue renting here if the new owners wish, or they can rent somewhere else.


  • #54
    MrMaki
    Registered Users, Registered Users 2 Posts: 117 ✭✭MrMaki


    smash wrote: »
    , or they can rent somewhere else.

    U see thats the problem. These houses will be off the market for some time and there is not enough properties in emtire area to accomodate those families. Have in mind that D15 is one of the cheapests area in Dublin. And moving out of the city means school problems for many kids and also work problems.

    We are nit talking about single family being given notice...

    We are talking about situation where there will be not enough properties to rent in an over 100.000 people area.


  • #55
    smash
    Closed Accounts Posts: 34,808 ✭✭✭✭smash


    MrMaki wrote: »
    U see thats the problem. These houses will be off the market for some time and there is not enough properties in emtire area to accomodate those families. Have in mind that D15 is one of the cheapests area in Dublin. And moving out of the city means school problems for many kids and also work problems.

    We are nit talking about single family being given notice...

    We are talking about situation where there will be not enough properties to rent in an over 100.000 people area.
    But the problem here is not Goldman Sacks. NAMA sold this portfolio and as such the government are responsible. This portfolio could have easily been broken down and sold as individual units or grouped units to investors who would have been happy for the tenants to stay.


  • #56
    Skylinehead
    Registered Users, Registered Users 2 Posts: 11,690 ✭✭✭✭Skylinehead


    smash wrote: »
    But the problem here is not Goldman Sacks. NAMA sold this portfolio and as such the government are responsible. This portfolio could have easily been broken down and sold as individual units or grouped units to investors who would have been happy for the tenants to stay.
    NAMA have nothing to do with this, Ulster Bank are selling the loans.


  • #57
    smash
    Closed Accounts Posts: 34,808 ✭✭✭✭smash


    Skylinehead wrote: »
    NAMA have nothing to do with this, Ulster Bank are selling the loans.
    Do the tenants have a current lease agreement with ulster bank?


  • #58
    Dohnjoe
    Registered Users, Registered Users 2 Posts: 19,383 ✭✭✭✭Dohnjoe


    smash wrote: »
    But the problem here is not Goldman Sacks. NAMA sold this portfolio and as such the government are responsible. This portfolio could have easily been broken down and sold as individual units or grouped units to investors who would have been happy for the tenants to stay.

    Thought it was Ulster bank not NAMA

    Surely house owners or investors can sell their own properties when they choose (obviously with a reasonable notice period)


  • #59
    andekwarhola
    Registered Users, Registered Users 2 Posts: 4,687 ✭✭✭andekwarhola


    Heart goes out to the people facing eviction (and the ghoulish pleasure elsewhere online about the properties coming back into the market) but anybody renting in Ireland has no long-term protection against being at the whim of 'accidental landlords'.

    That's why despite all the usual homilies here about owning property being an albatross, the fact remains that it's an extremely insecure existence renting in Ireland if you have concrete ties to a certain locale: school-going kids, work etc.


  • #60
    MadJack2016
    Banned (with Prison Access) Posts: 57 ✭✭MadJack2016


    Legislation needs to be ennacted to protect renters.

    Over a century ago farmers won security of tenure preventing them from being evicted at a whim.

    In many European countries long term tenants have greater protections.

    Renters could form a lobby group to fight for reform of the rental market.


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  • #61
    Dohnjoe
    Registered Users, Registered Users 2 Posts: 19,383 ✭✭✭✭Dohnjoe


    MadJack2016 wrote: »
    Legislation needs to be ennacted to protect renters.

    Over a century ago farmers won security of tenure preventing them from being evicted at a whim.

    In many European countries long term tenants have greater protections.

    Renters could form a lobby group to fight for reform of the rental market.

    Would probably make people far less likely to lease their houses to long term renters

    If I owned a house I would like to know I could give the renters reasonable notice in order to sell it

    Tax incentives for property owners housing longer term renters would probably be better


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