tag:blogger.com,1999:blog-5829381583204750928.post908120316070996631..comments2023-10-02T10:31:13.350+01:00Comments on Gombeen Nation: Red Letter Day... the end of Section 23s?The Gombeen Manhttp://www.blogger.com/profile/05024662128072120489noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5829381583204750928.post-18167259599327528182011-07-28T21:41:54.569+01:002011-07-28T21:41:54.569+01:00I see your point alright, Thomas. Yes - "hey...I see your point alright, Thomas. Yes - "hey, Ireland". Where else, eh?The Gombeen Manhttps://www.blogger.com/profile/05024662128072120489noreply@blogger.comtag:blogger.com,1999:blog-5829381583204750928.post-9122701311705196202011-07-28T14:53:18.590+01:002011-07-28T14:53:18.590+01:00GM, i am wondering if trying to correct this blund...GM, i am wondering if trying to correct this blunder now might do more harm than good. Admittedly it should never have been done. But aren't we stuck with it? Rents might even increase as a result.<br /><br />If the irish economy were founded on rational principles, rents would fall with property values and incomes. Prices would respond to demand. But we've seen retail prices increase steadily while consumer demand shrinks and wholesale prices fall, which is perverse, but perfectly irish. Short-sighted greed, price gouging, and gombeen arithmetic are the economic principles to which we cling.<br /><br />So my concern would be rising rents, or at least sustained rent overpricing as we have at the moment: a financial burden on those least able to pay, and least responsible for the housing fiasco. And even if i am too pessimistic with that prediction, we can be confident that a solution to the section 23 problem will manifest itself in some truly perverse way. Because, hey, ireland...<br /><br />thomasAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5829381583204750928.post-11312743037975195802011-07-27T04:47:35.599+01:002011-07-27T04:47:35.599+01:00gm what a bizzare grotesque little paradise we hav...gm what a bizzare grotesque little paradise we have bring back BERTY -BHAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5829381583204750928.post-34885390816002097552011-07-26T10:41:53.482+01:002011-07-26T10:41:53.482+01:00Yes, BH. I am busy researching the market to make...Yes, BH. I am busy researching the market to make sure I pay above private treaty asking prices at the auction. The shrewd punter who outbid himself at the last one is blazing a trail for the Irish investor!!! What an example of genius.The Gombeen Manhttps://www.blogger.com/profile/05024662128072120489noreply@blogger.comtag:blogger.com,1999:blog-5829381583204750928.post-28582767435659315772011-07-26T05:06:08.646+01:002011-07-26T05:06:08.646+01:00GM what a sad day for the oirish investment class ...GM what a sad day for the oirish investment class this would never happen if BOLICKS BERTY was in charge its a disgrace BRING BACK RERTY before its too late irl could go bankrupt like greece remember irl is not greece is it or is it not ISIT,depends what you mean BY IS,what was it that german ambassador chappie said about those orish masters of the universe,never forget the price of real estate always goes up and up in our corrupt rotten little paradise republic makesure you you git on down to the next ALLSOP jamboree and fill your boots even if you have to bid against yourself UP KERRY -BHAnonymousnoreply@blogger.com