The property market is in the doghouse simply because, as dogs on the street know, prices have to fall considerably further to make long-term economic sense based on yields and prospective interest rate increases.
Clearly the Government is not listening as it strives to ensure that Nama will be able to exploit its dominant market position to keep prices artificially high for the benefit of bank shareholders, bondholders and developers. Surely this amounts to price rigging and State subsidisation and is contrary the public interest.
Correct and all at taxpayer expense while cronies of those in power rake off the 77,000,000,000 euro!