Government puts 100 euro tax on homes in middle of recession,how typical fine gael.when recession kicked into Australia in 2009 the government gave every person $900 to spend in local shops and business to save the economy! Now has one of the strongest economy in world, in good old Ireland the pigs in government would try to take 900 euro from the people,economy will always be destroyed thanks to muppet government because people don’t have a spare euro to spend and so cycle continues. Also our muppet leader is better paid than the American president. What’s next…new baby tax?

Ermm … Have the banks not been paid already in case of substantial mortgage writedowns? What was the bailout (s) for? This whole debt based economy thing is making slaves out of all of us.

Are we supposed to be surprised by the banks STILL proving they are pretty useless at even close levels of financial accuracy reporting!!!!!!

in arrears with no money? let’s increase what you owe,because your worth it! if or when this happens get ready for war,cause that’s all that will happen!

Banks still with their heads stuck in the sand. Who would have imagined that…..

Nobody mentioning the other elephant in the room.
Property tax.
Wait until the real property tax kicks in..Defaults will double night.
You work, pay tax to the state and generate further tax and save the state money by buying your own house and you get penalised for it.

They should start with realising these losses especially investment buy to let properties . Sell them asap to make sure they get something back before they turn to tax payers. They also distort the whole property market with this kind of carry on.

Reg.u are not keeping up with the figures or I am being ripped off .just looked at my pay slip to make sure .

Remember reading predictions of 50% collapse in ‘Property Pin’ web site a few years ago and many people arguing that that was unthinkable.
Wouldn’t be surprised if property prices drop below 60% reduction as economy continues to falter.
I found this site yesterday. It gives details of price drops countrywide;
http://www.daftdrop.com

That’s a fine looking house for 100k by the way. Pity it’s in Leitrim.

Reg.450in USC and prd each month and takin home 2400.mortgage 1600.put the hankie away.

Another report that will be debunked by the facts very soon. When this EU/Euro collapses, mortgage arrears will skyrocket…Seems all of these experts keep leaving out this elephant in the room…!!!

The banks have been paid to deal with it and we are still paying between 500 and 700 euro a month in u.s.c.which is the difference between being in arrears and not.history (as in Roosevelt in the 30ies) has already told us what should happen.sick of this European b.s..they know how to sort it but won’t .

”MORTGAGE ARREARS AMONG owner occupiers could peak at 18 per cent, according to a new report from Davy Stockbrokers”.

I like to see Davy produce a report stating the figures on ”how many mortgages in the country are genuinely unsustainable”.
or
”How many mortgages in the country were doled out by the banks in the wrong”
or
”Why the government brought out new insolvency legislation 5 years (if not decades) too late”
or
”Why did the government basically allow the banks to write the new ”insolvency legislation”
or
”Why are collections agent snakes from banks going around the country, harassing and intimidating people out of their last few Euros to pay LONG DEAD, DOOMED TO FAIL mortgages ”

Hanky