Paying thousands of euro’s a month is absolutely nuts.

The rent in Dublin is obscene, as the economy is overly focused on that one city, oft due to planning corruption and mismanagement of the economy.

What option do we have, people go where the work is. Rents are too high because Nama is being used to restrict supply. We also have a situation where valuable housing stock is being lived in by people who refuse to pay their mortgage or surrender possession.

Why not just right down the mortgage for the homeowner?
Why get expensive middlemen housing associations involved?
Jobs for the boys?

Moral hazard, my arse.
The banks and their ”experts” were the stupid ones who sold these jumbo , unsustainable, ”unstresstested”, ponzi mortgages in the first place.
Let them clean up their own mess.

And what about the chancers who took out the mortgages…not in any way liable? It’s a far more complicated situation than ‘the bankers are to blame’

The comment about Dublin being prioritized is silly..it’s the capital city and we also have large investment in Cork and Galway, you can’t say it’s been all Dublin.

Blame the bankers Benjamin?

If analysed correctly and honestly 90% of the mortgages that these ”bankers” and their ”experts” gave out in the last decade would be classified as distressed.
Strange coincidence?

Chancers?
Please explain?

As we speak here today the collections agents from these bust corrupt banks are going around the country underhandedly intimidating, harassing and shaming money out of families who are below the breadline, like loan sharks, while at the same time their corrupt bosses are discreetly moving their ”legal” repomen in behind their backs.
In some cases this has been going on for 3-4 years plus.
In a lot of these cases the bank’s ”loan sharks” are also feeding the mortgage holders with bullsh1t stories and lies that ”we are going to work something out for you pal” so that they can prolong this ”milking” process.
Personally I know a lot of cases where people have borrowed money from their elderly parents because the banks ”loan sharks” reassured them that they would ”work something out” for them.
The banks in question were made well aware of this, and yet 3-4 years on, they are still milking these poor people and their elderly parent of their last few quid, and they are very happy with this arrangement.

Instead of repossessing the house 3-4+ years ago and selling it when it had some value (and reducing the debt on the home owner).
The bank decided to delay and
let the arrears build up
let the property devalue
bleed the homeowner and their family of their last few quid
leave the home owner in the house to maintain and keep the property from being vandalised (basically to keep the bank’s asset in good condition until the market picked up for the bank or to justify the bank getting another bailout)
Whilst all the time the bank kept feeding the homeowner with a bullsh1t and false promises as they ruined their credit score and kept them trapped in this disgusting, depressing dark, fragile place.

At least these unfortunate homeowners were using real money to pay their mortgage and furnish their homes and pay their taxes unlike these ponzi banks with their false, borrowed, confetti cash dished out on doomed to fail, aggressive dog eat dog commissions.

Blame the bankers?
Sean Fitzpatrick, one ”banker”, ran up €32 billion and counting that we will have to pay back for him?
4 years on our government(s) have done nothing to bring him to task?
He sleeps so soundly in his expensive family homes and on his long vacations in Marbella.
Yet, all some people give a damn about is wanting to see their neighbor thrown out off their home.

Chancers Benjamin?
Tell that to the kids of these destroyed homes who are held to ransom.

Blame the ”Honest” bankers?

http://www.ft.com/intl/cms/s/0/6ffd4140-c040-11e1-982d-00144feabdc0.html#axzz1yupgSnFp

Erm because they have no money to pay for them?…

I’d imagine it would have to be as this is effectively a bank repossession with the houbringing bought by a housing association and you then getting the same house back as a tenant under a rent to buy scheme.

I knew it seemed too good to be true!! So basically they just can’t kick you out of the house.
And how will that work then?? if you can’t pay the mortgage in the first place what makes them think you’ll be able to pay the debt and rent the property??
Bizarre, I’m obviously still missing something.

The rules say only the banks can benefit, the citizens aren’t allowed, it’s our jobs to bail them out and pay their way.

Clearly smug and in affected comments chancers what a joke since when did trying to own your home become a crime. That’s nearly everyone now Sean Quinn his family developers landlords, business owners anyone from mayo who has a functioning brain mick Wallace sur we are all criminals except fg/lab. They don’t just want your houses they want your organs

This is a mad scheme to pay bankers and rob people of their homes. Don’t sign up it’s a Trojan horse