http://theirishgazette.com/ghost-estate ... -one-home/
240 thousand buys one whole estate.
You've got two ways of dealing with this. The Right way has you going through NAMA and the like, speaking with the banks that've taken the estates from insolvent developers and generally making enough of a public noise that prices have started to rise while the details are finally hammered out. It's the honest way to do business maybe. But it's expensive and messy to be so above board all the time. It'll drag for years, like swimming in treacle. You've also got to remember that the people aren't too please with the government at the moment. If the Government are convinced it'll boost their populairty, they'll go with it. But you risk pissing people off, and they're already near breaking point.
Or you've got the way people actually do things in Ireland.
You have fans of Irish extraction. Then have family and friends back home. You use these people as a point of contact. You arrange a few meetings, and everybody has a good time together, and then you broach the plan. You'll loan somebody 200 grand say, through a holding company, to buy a housing estate... which you'll then buy off them straight back for 240, leaving them with enough money afterwards to make it worth their while doing. The approach has the advantage of not causing a massive kerfuffle in the markets which'd kicking up the price before the sale could actually go ahead.
It looks like a groundswell of locals taking a gamble on rock-bottom prices. It takes the majority of the banks and state agencies out of the mix, and when it becomes time to actually buy off them, it'll look like nothing more than an investment that came good.
It has the disadvantage in that it's technically 'corrupt', but no worse than anything currently being scandaled about.
The big stumbling block will be the farmer's headache.... An Taisce. If there ever was, is or will be the hint of a ringfort, fairy tree or unique species of snail on the land you're planning to lift they'll make your life hell. Not to mention all the environmental impact statements that need to be done, especially with the unusuality of handwavium. There's no real way to cut through this part of the red tape. It'll have to be cleared. It'll have to be done. Laws will have to be changed and TD's will have to be 'encouraged'.
Also Sinn Fein - the nationalist, socialist party - will also kick up a fuss about stealing the land that blood was shed for, along with various fringe Republican groups will grouse about stolen heritage and the like. Local independents will also be a problem, as will councils looking at loosing revenue from taxation and the like.
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I think Detroit could take the opposite approach... as a business Gateway to the US. Clearing built up areas is much harder because of how interconnected it all is. And the fact that people live there still.
________________________________
--m(^0^)m-- Wot, no sig?
240 thousand buys one whole estate.
You've got two ways of dealing with this. The Right way has you going through NAMA and the like, speaking with the banks that've taken the estates from insolvent developers and generally making enough of a public noise that prices have started to rise while the details are finally hammered out. It's the honest way to do business maybe. But it's expensive and messy to be so above board all the time. It'll drag for years, like swimming in treacle. You've also got to remember that the people aren't too please with the government at the moment. If the Government are convinced it'll boost their populairty, they'll go with it. But you risk pissing people off, and they're already near breaking point.
Or you've got the way people actually do things in Ireland.
You have fans of Irish extraction. Then have family and friends back home. You use these people as a point of contact. You arrange a few meetings, and everybody has a good time together, and then you broach the plan. You'll loan somebody 200 grand say, through a holding company, to buy a housing estate... which you'll then buy off them straight back for 240, leaving them with enough money afterwards to make it worth their while doing. The approach has the advantage of not causing a massive kerfuffle in the markets which'd kicking up the price before the sale could actually go ahead.
It looks like a groundswell of locals taking a gamble on rock-bottom prices. It takes the majority of the banks and state agencies out of the mix, and when it becomes time to actually buy off them, it'll look like nothing more than an investment that came good.
It has the disadvantage in that it's technically 'corrupt', but no worse than anything currently being scandaled about.
The big stumbling block will be the farmer's headache.... An Taisce. If there ever was, is or will be the hint of a ringfort, fairy tree or unique species of snail on the land you're planning to lift they'll make your life hell. Not to mention all the environmental impact statements that need to be done, especially with the unusuality of handwavium. There's no real way to cut through this part of the red tape. It'll have to be cleared. It'll have to be done. Laws will have to be changed and TD's will have to be 'encouraged'.
Also Sinn Fein - the nationalist, socialist party - will also kick up a fuss about stealing the land that blood was shed for, along with various fringe Republican groups will grouse about stolen heritage and the like. Local independents will also be a problem, as will councils looking at loosing revenue from taxation and the like.
----
I think Detroit could take the opposite approach... as a business Gateway to the US. Clearing built up areas is much harder because of how interconnected it all is. And the fact that people live there still.
________________________________
--m(^0^)m-- Wot, no sig?