Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Shutterstock/Champion studio
The Daily Poll

Poll: Should people who stop paying their mortgages be free from eviction?

A new report from the Central Bank has said that people began to do this in their droves in 2011.

A NEW CENTRAL Bank report by economist Terry O’Malley has claimed that Irish people stopped paying their mortgages in their droves after a court ruling blocked the banks from repossessing their homes.

“I find that borrowers did in fact default more than they otherwise would have, if the repossession regime at the time had been legally upheld,” O’Malley says in his paper.

The issue is described as a “moral hazard”. On one hand, the chance of families being evicted from their homes is taken away but, on the other, they are also deciding not to pay their mortgage because they know they can’t be evicted.

So, today we’re asking you: Should people who stop paying their mortgages be free from eviction?


Poll Results:

No (10016)
Yes (1557)
Not sure (1260)

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
166
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel