Newstalk Lunchtime: Jonathan Healy & Karl Deeter on CSO house price increases

We spoke to Jonathan Healy today and made the point that (didn’t seem to crop up elsewhere yet) that banks are creating a false scarcity in properties for sale by sitting on non performing loans and not moving in on them. We demonstrated only yesterday that the ‘flim flam’ of ‘we may or may not repossess you’ is a real thing.

The investors don’t fear them, our chat with a strategic defaulter only solidified that belief. At the same time the absence of reasonable lending amounts coupled with this false scarcity means prices will rise, and the good news for banks is that it means provisioning less for loss making loans!

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