Now look. Anyone who’s been reading this site for a while will know that I’m a complete fucking idiot, and I know nothing about anything. You know that. I know that. Everyone else knows it too.
So just be a bit patient with me when I ask you this next question, me being a complete fucking idiot and everything.
NAMA. The national bad bank. It’s going to buy responsibility for a whole heap of unviable property developments from the banks. Ill-considered housing projects and the like. Bad plans. Stupid ego-driven zombie housing estates.
Yeah? Isn’t that right?
And what is NAMA going to do with these stupid, ego-driven zombie developments?
That’s right. Nothing! Because nobody wants them.
So NAMA will sit on these bad houses for decades, while they fall apart, until the market improves somewhat.
Now, stop me any time you think I’m going wrong here. Just jump in and say Bock, you’re talking bollocks. Feel free.
NAMA is going to control a huge heap of property up and down the country that no-one will ever live in. Houses that will fall to pieces or get taken over by junkies and failed politicians.
Meanwhile, another arm of the State continues to buy up accommodation at full market price to house people on the housing list.
Isn’t that correct?
So what would be wrong with offering NAMA houses to people in dire need of a roof over their heads? After all, we’re getting them at a discount, and I know that if I was that desperate I’d be delighted to take up the offer.
Something wrong with this picture?
Well, what exactly is wrong with the idea at a time when the country is broke?