Current public sentiment towards the housing market?

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dontaskme said:
Well, that money is tied up in the fund for something like ten years. The 20% gains are only on paper as yet. And there is an anti-speculative tax in Germany that punishes owners who try to sell within ten years or so.
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I'd be taking that 20% with a large pinch of salt. Wishful current valuations place upon their portfolio by themselves I imagine. All Good PR when you wont have to verify anything.Personally had a look (and passed on) at some of the stuff they bought whilst I was over there.
 
fatmanknows said:
I'd be taking that 20% with a large pinch of salt. Wishful current valuations place upon their portfolio by themselves I imagine. All Good PR when you wont have to verify anything.Personally had a look (and passed on) at some of the stuff they bought whilst I was over there.
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Didn't know you were in the market for multi-million dollar shopping centres. ?
 
100 million investment in German commercial / residential property.
10 million equity, 90million of bank debt.

German property value rises to 102 million, leverage delivers the 20% on the 10 million. no mystery and easy for dan to say. He could have claimed 104m and a 40% gain but that would have seen too much. % Gain can be recorded on the equity ...not the total investment.

It is good for Dan to say foreign investments are booming as BOI will get to lend to the next wave of investment

Note alot of the 10 million equity is already remortgage debt from Irish property. So BOI get a slice of this too plus a slice of the 90 million.

Alot of this could be called hedge fund....small equity, massive leverage etc however the Irish play mainly in the property arena...always a winner.
 
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fatmanknows said:
Assuming you were'nt being sarcastic, Multimillion Dollar S/C's No , But Retailing Warehousing (in particular) and Residential Blocks, Yes. Private syndicate.
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You just gave the impression that you were in the same market as CMC.

They just closed the sale on this today.
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If U.S. economic growth slows in the next few months the effects will be felt globally. If the slowdown turns into a recession early in 2007, as some forecasters expect, the blow to several countries may be much greater.
Canada and Mexico, with exports to the U.S. equaling more than 20 percent of their respective gross domestic products, would be the hardest hit.
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No no mention of little ole Ireland.
 
Anyone know what percentage of our exports are to the US?
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Officially About 18-20% in 2004 - accounting for 1.9% of total US imports.

This doesn't count Multinational "internal company transfers of capital equipment ,raw materials and the like" - which seeing as 87% of our total exports are produced by 4 US Multinationals - Id say it would realistically be somewhere around 22/24%.
 
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