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<blockquote data-quote="Lostmeringtopaddypower" data-source="post: 2811277" data-attributes="member: 4376"><p>Still though - the government now also have major stakes in both banks who - in about 3 to 5 years could (should) be up massively on their current price.</p><p>So a NAMA loss could be offset, to an extent, with this dosh.</p><p></p><p>NAMA is still inflating the value of the distressed property way beyond current market valuations, though.</p><p></p><p>This has the effect of giving the taxpayer a double whammy of expecting him to finance it and in the process, artificially price the property out of his range or if he can actually still get a mortgage for it, make him pay way more for it over a 30 year mortgage cycle.</p><p></p><p>And this is FF's idea of a good solution.</p><p></p><p>They are The Property Developer / Banker Party.</p><p></p><p>Always were and always will be.</p></blockquote><p></p>
[QUOTE="Lostmeringtopaddypower, post: 2811277, member: 4376"] Still though - the government now also have major stakes in both banks who - in about 3 to 5 years could (should) be up massively on their current price. So a NAMA loss could be offset, to an extent, with this dosh. NAMA is still inflating the value of the distressed property way beyond current market valuations, though. This has the effect of giving the taxpayer a double whammy of expecting him to finance it and in the process, artificially price the property out of his range or if he can actually still get a mortgage for it, make him pay way more for it over a 30 year mortgage cycle. And this is FF's idea of a good solution. They are The Property Developer / Banker Party. Always were and always will be. [/QUOTE]
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