this one has it all.. a wiw, a then and now and an EA in the mix too.

sold in 2000 for IR3.3M (€4.2M) to DNG.
4.2M is about 5.8M now inflation adjusted (http://www.anthonykelly.com/inflation.html)
http://www.independent.ie/unsorted/prop ... 83468.html

Looks like renovated etc since and now asking 2.5 by DNG.
http://www.myhome.ie/1876671
http://www.irishtimes.com/newspaper/pro ... 20441.html

Try and contain yourselves folks !

If anyone ever tries to sue them for over-pricing properties during the bubble, DNG has very convincing evidence that they fell for the over-enthusiasm of those days as much as their clients. So at least they were as irrational as everyone else! Not sure if that qualifies as an excuse. Beats what e.g. Goldman Sachs did where they over-sold garbage assets to customers which they would never buy themselves.

2.25m
http://www.myhome.ie/residential/brochu ... -6/1876671

You sometimes have to pinch yourself to keep remembering this isn't c50% below the peak-2006 price, but (the non-inflation adjusted) spring of 2000 !

Trophy houses have taken the ultimate bath in this bust.

I made a point sometime ago (which nobody seemed to notice ), that many of these properties were paid for by profits realised from Capital Gains.
Taxed at only 20%, this led to a sizable after-tax disposable income.
The upper-echelons of society purposely structured their income so that it was derived though this lower-taxed method.

As the economy fell, capital gains plummetted as losses mounted, thus effectively wiping out the segment of the population who used capital gains as their primary source of income.

Price has gone up a cool 250K

30 Leeson Park, Ranelagh, Dublin 6
€2,500,000 - Period House 456.06 m² / 4909 ft² For Sale

www.myhome.ie/1876671

Dng must be believing their own hope about rising prices.

When you google '30 Leeson Park ', this thread is 3rd on the list (which is no mean feat given '30 Leeson Park ' must be on a hell of a lot of DNG documentation).

I wonder how many interested parties will open up this thread, see the price increase and factor that into their bids ?

Looks like all of them. DNG really have their finger on the pulse of the market particularly with that quater of a mill increase in the asking price!

This house is coming up for 1 year on the market, looks like not so many bids have come in. Time for another quater of a mill increase in price to stimulate demand anyone....?

It's amazing that this went for €4.2m in Feb 2000 and now it can't sell for €2.5 m. That's a 40% drop in the last 13 years without considering inflation. You would think that DNG a property market expert would not make such a terrible property purchase.

Paul Newman is an interesting case;

Paid a lot of money for big house in Kildare also

http://www.independent.ie/national-news ... 82468.html

Involved in McDonough Junction (33% shareolder) which has been a major disaster
DNG of which Newman is 75% shareholder in turn owned 19% of myhome.ie