Unions call to not pay mortgages

femur61

Great besides Joe Soap having to pay over inflated PS wages (21bn/yr) now they will definitely cause the banks go bankrupt. I have being toying with the idea of moving my savings, nearly 100k and today going into bank to arrange for them to go to bank in NI.

jackiebaron

weldoninhio wrote: »

Holy god!!!! Who in this country owes you ANYTHING??? If you can't afford to live where you want, TOUGH!!!! What an attitude!! Who was forcing you to live outside of Dublin?? Who cares if your ancestors were the vikings who founded Dubh Linn, if you cannot afford to buy a house within your means here, either rent until you can afford it, or move away!! Its simple!! Ireland is a tiny country, you'll never be more than 4/5 hours away from your family or "connections". No-one was forcing you into the Arctic wastelands!!

This is the prevelant irish attitude thats ruining the country, i'm entitled to this, i'm entitled to that. Berties entitled to a driver and a huge pension, all of the bank chiefs are entitled to golden handshakes and massive pensions, scroungers who have been on the dole all of their life are entitled to all of their benefits. From the top down this country is all about what your entitled to rather than what you can do to help the country as a whole. Its pathetic!!!

Jesus Effing Christ would you listen to this rant. Always the ubiquitous "what's ruining the country" sh!t. I've heard this pile of puke spouted since the 70's. Someone takes a day off work just for a break...."no wonder the country's ruined!". Mini skirts on girls or long hair on boys is in fashion...."no wonder the country's ruined!". Somebody gets paid to paint an art nouveau mural on the side of a building..."no wonder the country's ruined!!"

Would you ever get the FCUK OVER yourself. Now that, my friend, is pathetic!

jackiebaron

weldoninhio wrote: »

Can you possibly show us a link to an article/webpage/anything at all which shows a mature free market economy where they stop people from buying property due to their marital/family status, like you are suggesting??

Back up there, pal. There are plenty of places on this planet where foreigners are not allowed to buy property because it would completely price the locals out of the market.
I know that Mexico is a bit of a basket case but you can't buy property there unless you are a Mexican citizen. Can you imagine if that weren't the case? Millions of fat, rich Americans would snap up apartments and houses and villas and fincas for pennies and "Jose and Maria" would be forced to live in tents.

motherriley

Jesery was almost impossible to buy a home in, haver a look at the links below

http://www.countrylife.co.uk/property/guidesbuy/article/68122/Property-Guide-Jersey.html


http://www.mortgagestrategy.co.uk/opinion/a-sunshine-island-where-only-rich-folks-are-at-home/1010230.article

Also it was only in the 60's in hte UK when it was made law that a woman could buy a property in her own right before then a male signature on the deeds:o

weldoninhio

Who brought foreigners into the argument?? What a way to deflect!!

motherriley

motherriley wrote: »

Jesery was almost impossible to buy a home in, haver a look at the links below

I didnt realise they'd actually relaxed the criteria, I had understood they'd tightened them recently

ei.sdraob

hmmm wrote: »

The great thing about the Internet is we have a record of all the online conversations that were had during the boom. It easily disproves any argument that people were "just trying to put a roof over their head".

this here from 2006 from yourself

hmmm wrote:

As we are heading into the inevitable house price fall, people should be careful about where they buy. If you are in a position of negative equity, you will be all but prevented from selling your house and moving elsewhere. People who are being fed this bull about "property ladder" and are buying houses in places they hate will be in trouble.

In the UK, they were the first group to hand back the keys to the mortgage lenders and accept a life of crippling debt.

That thread is mind-numbing, I was working in Dublin at that time and i could not understand the madness that taken over then, still dont. We actually have people on record comparing Dublin to London! page 3 alone is worth reading

Godge

ei.sdraob wrote: »

this here from 2006 from yourself



That thread is mind-numbing, I was working in Dublin at that time and i could not understand the madness that taken over then, still dont. We actually have people on record comparing Dublin to London!

When you see threads like that you have to wonder about the neck of people then coming on here and saying that nobody told them and nobody saw it coming and the government told them to do it and we should all bail them out now.

ei.sdraob

Godge wrote: »

When you see threads like that you have to wonder about the neck of people then coming on here and saying that nobody told them and nobody saw it coming and the government told them to do it and we should all bail them out now.

Well anyone asking for bailout should be shown this post here below and told to hang in there for 25/30 years :eek:

DublinWriter wrote: »

Crash or no crash, anything you buy now will be worth seriously more in 25/30 years time.
Bottom line: you never lose money on bricks and mortar in the long run.

Jokes aside, I do honestly think we need the bankruptcy laws to move rapidly to a more American model, where being bankrupt once or twice in your life is considered normal.
A model where failure is allowed and is part of the system and the economy moves on, their housing bubble is over and done there now, and people are trying get on with their lives.

The current system we have does not allow failure which then leads into a negative loop and creates a more unstable system where now the state itself is about to fail. If anything the current system just prolongs the pain with the likes of NAMA distorting the market and hanging over everything like a bad smell.

Scofflaw

Godge wrote: »

When you see threads like that you have to wonder about the neck of people then coming on here and saying that nobody told them and nobody saw it coming and the government told them to do it and we should all bail them out now.

It's a mystery, along the lines of it being impossible to find anyone who voted for Fianna Fáil in 2007, even though 47% of the electorate did so according to the outcome.

Completely traditional, of course - nobody knows how the entire population of Ireland fitted into the GPO in 1916 either.

cordially,
Scofflaw

Godge

ei.sdraob wrote: »

Well anyone asking for bailout should be shown this post here below and told to hang in there for 25/30 years :eek:




Jokes aside, I do honestly think we need the bankruptcy laws to move rapidly to a more American model, where being bankrupt once or twice in your life is considered normal.
A model where failure is allowed and is part of the system and the economy moves on, their housing bubble is over and done there now, and people are trying get on with their lives.

The current system we have does not allow failure which then leads into a negative loop and creates a more unstable system where now the state itself is about to fail. If anything the current system just prolongs the pain with the likes of NAMA distorting the market and hanging over everything like a bad smell.

Agree, but bankrupt should mean bankrupt and everywhere else in the world that includes selling off the family home which is a problem here given the ownership rights of spouses. Why do you think Quinn is trying to give his grandchildren shares in his cement company?

Eire 80

Guy:Incognito wrote: »

Especially considering 20-25 years ago the rates we hitting high teens.

Course I did I was paying 5.65 percent 3 years ago without a problem as i had a full time permanent job. 20-25 years ago one could sell up and get close to what they paid for their property/land!. Whether people like it or not the **** is going to hit the fan in relation to mortgage default.

careca11

HellFireClub wrote: »

They don't have mortgages!

http://www.independent.ie/national-news/geraghtys-des-res-and-the-house-jack-built-1937151.html

well , well , well , why i'm i not surprised these parasties don't have mortgages (they live on planet dail Earinn


i would certainly back Gene Kerrigans idea in last week's sindo , where he stated instead of pay cut in the PS etc and having to face the union's and strike etc ,
they should impose 100% tax on everything a person earn's , over €80,000 a year right across the board , private, public sectors' judges semi states ,
seem's like a good idea , €80,000 a year is certainly aenough money to live a decent life with.

Cookie_Monster

careca11 wrote: »

well , well , well , why i'm i not surprised,


i would certainly back Gene Kerrigans idea in last week's sindo , where he stated instead of pay cut in the PS etc and having to face the union's and strike etc ,
they should impose 100% tax on everything a person earn's , over €80,000 a year right across the board , private, public sectors' judges semi states ,
seem's like a good idea , €80,000 a year is certainly aenough money to live a decent life with.

:pac::pac::pac:
worst idea ever.

If you were CEO of a major company based in Ireland on say 500k. Today you get at least half that after tax, 250k. with the above you get about 55-60k of the 80 and nothing above.
Why the hell would you stay here?

Frank Black

careca11 wrote: »

well , well , well , why i'm i not surprised these parasties don't have mortgages (they live on planet dail Earinn


i would certainly back Gene Kerrigans idea in last week's sindo , where he stated instead of pay cut in the PS etc and having to face the union's and strike etc ,
they should impose 100% tax on everything a person earn's , over €80,000 a year right across the board , private, public sectors' judges semi states ,
seem's like a good idea , €80,000 a year is certainly aenough money to live a decent life with.

Not really a 'good idea' - more a kind of 'rabble-rousing, playing to the gallery, typical irish begrudgery' idea.

Godge

careca11 wrote: »

well , well , well , why i'm i not surprised these parasties don't have mortgages (they live on planet dail Earinn


i would certainly back Gene Kerrigans idea in last week's sindo , where he stated instead of pay cut in the PS etc and having to face the union's and strike etc ,
they should impose 100% tax on everything a person earn's , over €80,000 a year right across the board , private, public sectors' judges semi states ,
seem's like a good idea , €80,000 a year is certainly aenough money to live a decent life with.

No doctors, no dentists, no multi-nationals. Albania under the communists would have been a better place.

ei.sdraob

Godge wrote: »

Agree, but bankrupt should mean bankrupt and everywhere else in the world that includes selling off the family home which is a problem here given the ownership rights of spouses. Why do you think Quinn is trying to give his grandchildren shares in his cement company?

Of course, moving assets in wife's name and so on is highly illegal just about everywhere else yet here being blatant in your attempts to hide assets in face of bankruptcy seems like the order of the day.

motherriley

Cookie_Monster wrote: »

:pac::pac::pac:
worst idea ever.

If you were CEO of a major company based in Ireland on say 500k. Today you get at least half that after tax, 250k. with the above you get about 55-60k of the 80 and nothing above.
Why the hell would you stay here?

He would stay because he would not get it anywhere else due to the global recession. This as well as maybe being settled in Ireland would s/he want to uproot his family for money..... All CEO's are getting less and that is how it should be.....

Cookie_Monster

motherriley wrote: »

All CEO's are getting less and that is how it should be.....

why's that then?

sarumite

Cookie_Monster wrote: »

why's that then?

We need to punish those that are doing better in life than we are. If you can't beat them....join then your just not hitting hard enough!

Eire 80

ei.sdraob wrote: »

Of course, moving assets in wife's name and so on is highly illegal just about everywhere else yet here being blatant in your attempts to hide assets in face of bankruptcy seems like the order of the day.

Can have my house no prob, in fact I insist!!, I have no problem giving up my 'family home' just after costing me another 45 euro a month. If you think those of us in the real **** are afraid of losing our homes you have another thing coming to you. Ill happily rent for the rest of my life.

People are taking out their anger on the mortgage holder as they are an easy target, people still feel they have too much to loose if we riot over, overpaid civil servants/td's/retiring public sector workers wheneverything is already lost.

ei.sdraob

Eire 80 wrote: »

Can have my house no prob, in fact I insist!!, I have no problem giving up my 'family home' just after costing me another 45 euro a month. If you think those of us in the real **** are afraid of losing our homes you have another thing coming to you. Ill happily rent for the rest of my life.

People are taking out their anger on the mortgage holder as they are an easy target, people still feel they have too much to loose if we riot over, overpaid civil servants/td's/retiring public sector workers wheneverything is already lost.

Why are you taking your anger out at me?

I am one of the few posters in this thread who keeps pointing out that what would really help people in this position are real bankruptcy laws, not a half-arsed bailout at expense of everyone including the people being bailed out.

motherriley

sarumite wrote: »

We need to punish those that are doing better in life than we are. If you can't beat them....join then your just not hitting hard enough!

CEO's in Ireland on 500k are not worth more than President of US and on a Salary $400,000 annually and the US has over 500 million people.

Also the UK has 60 million people and the PM get a Salary £142,000 .

How can a CEO's of Ireland where there is a population of 5 million people be paid more than the US president....?

Shakti

I think its the perverseness of the situation that upsets people who are struggling to keep their homes. The banks could no longer honor the debts/contracts they committed to so we (the Irish people) pay their debts for them (essentially). When we (the Irish people) can no longer honor our debts to the these banks there is NO bail out to help us.
Kind of makes people think 'why did we bail these banks out in the first place?'

ei.sdraob

We bailed out the banks so we can have a healthy banking system

oh wait :rolleyes:

Cookie_Monster

motherriley wrote: »

CEO's in Ireland on 500k are not worth more than President of US and on a Salary $400,000 annually and the US has over 500 million people.

300 odd, not 500.
how many CEOs have thier own 747 (or several), have an entire military at their disposal, get somewhere for the White house for free etc? any modern US president will make far more after they leave office based on the fame of it alone anyway so high pay needn't be an issue

motherriley wrote: »

Also the UK has 60 million people and the PM get a Salary £142,000 .

How can a CEO's of Ireland where there is a population of 5 million people be paid more than the US president....?

what's population got to do with pay? CEOs of private companies are there to make their companies money and have to be remunerated accordingly for what they bring. Politics is a whole different ball game and not comparable

sarumite

motherriley wrote: »

CEO's in Ireland on 500k are not worth more than President of US and on a Salary $400,000 annually and the US has over 500 million people.

Also the UK has 60 million people and the PM get a Salary £142,000 .

How can a CEO's of Ireland where there is a population of 5 million people be paid more than the US president....?

What does politics have to do with a CEO's job? Lets start comparing apples to apples.

OMD

motherriley wrote: »

CEO's in Ireland on 500k are not worth more than President of US and on a Salary $400,000 annually and the US has over 500 million people.

Also the UK has 60 million people and the PM get a Salary £142,000 .

How can a CEO's of Ireland where there is a population of 5 million people be paid more than the US president....?

Both US President and UK Prime Minister become multi-millionaires from their job. Comparisons like yours don't really help much

motherriley

Both president and prime minister have a lot more responsible then any CEO and at the end of the day it is a job that gets an annual wage....is it not…..

mloc

motherriley wrote: »

Both president and prime minister have a lot more responsible then any CEO and at the end of the day it is a job that gets an annual wage....is it not…..

I think this statement somewhat demonstrates a total lack of understanding of how the top end of the job market works.

I think a lot of people don't get the top end of the job market, or how it works.

bmarley

So how many people on this thread are getting their rent paid by the government? Huge amounts being paid to families who refuse to take council offered social housing and choose instead to rent (although they don't earn an income and cannot afford to pay the rent) so the government pays this for them...forever! Sure even if they could get a job it just wouldn't be worth it as they would loose their rent allowance, medical cards, and all those added perks they are entitled to. But what about those who have tried to do their best to provide a home for their families and wanted to work and not be dependent on the state. How are they rewarded? Do they get any help with paying off their mortgage during hard times? Some people argue that these deserve to loose their homes because they were "greedy" "irresponsible" "stupid" or what ever reason. Doesn't really matter what the reason is whether it is due to rising interest rates, higher costs of living, unemployment, there just has to be something done for families who find themselves in these situations. I could leave my house and what would happen to it..it would be sold for next to nothing. What would be the point in that? State would then have to pay for my family to be rehoused...I could actually choose a house next door and have them pay the rent on this for me. Instead I would prefer if they could give a little help towards keeping up with my mortgage payments...until my partner can find new employment.

hmmm

bmarley wrote: »

I could leave my house and what would happen to it..it would be sold for next to nothing. What would be the point in that?

What would happen? Some other family would get your house, at an affordable price. Perhaps they are some family who had wisely decided not to buy at over inflated prices or take out a mortgage they couldn't afford. Perhaps that family are renting right now and would love to own an affordable house.

Your proposal is that family who are renting pay your mortgage as well as their own rent. Why don't you pay your own debts?

later12

Of course most bystanders can understand the futility of a mortgage strike, from an objective viewpoint. I am sure that most mortgage holders can see this too.

Nevertheless, when it comes to acting on subjective, irrational, or simplistic beliefs, one has to admit that an awful lot of mortgage holders do have previous form.

While I can only try to imagine what it must be like to risk losing a home, this is one occasion where mortgage holders need to step back and remember that it was usually irrational behaviour that got them into this mess to begin with.

jased10s

The issue is not people who overstreached themselves buying a home ( albet a few did ) , It's the USC and people losing their jobs / rising costs .

Overnight we basically had a 150 + a month took out of our wages to pay back for the banks feckup, and while the same banks are now not lending causing businesses to go to the wall causing more unemployment.

bmarley is correct that a lot of people get their rent paid by the morgage holders and employed paying tax but they get nothing themselves.

I know a good few people who are long time dolers who have had a holiday this year and who can afford to drive a nice car while i cannot , But i work and contribute to the economy. And also have to go to the Doctors when absoutley needed due to no medical card ( dole people getting said card ).

I think the origional OP was getting at making the govement and banks to see we will not take anymore of this .

And i can afford my morgage and it's my home not an investment.

Just sick of getting hammered.

Godge

jased10s wrote: »

The issue is not people who overstreached themselves buying a home ( albet a few did ) , It's the USC and people losing their jobs / rising costs .

Overnight we basically had a 150 + a month took out of our wages to pay back for the banks feckup, and while the same banks are now not lending causing businesses to go to the wall causing more unemployment.

bmarley is correct that a lot of people get their rent paid by the morgage holders and employed paying tax but they get nothing themselves.

I know a good few people who are long time dolers who have had a holiday this year and who can afford to drive a nice car while i cannot , But i work and contribute to the economy. And also have to go to the Doctors when absoutley needed due to no medical card ( dole people getting said card ).

I think the origional OP was getting at making the govement and banks to see we will not take anymore of this .

And i can afford my morgage and it's my home not an investment.

Just sick of getting hammered.

You are confusing two issues here. Just because our social welfare and transfers bill of €26 bn is way too high and our social welfare is too generous doesn't mean we should increase it by paying for some people's overstretched mortgage which is just another form of social welfare.

jased10s

Godge wrote: »

You are confusing two issues here. Just because our social welfare and transfers bill of €26 bn is way too high and our social welfare is too generous doesn't mean we should increase it by paying for some people's overstretched mortgage which is just another form of social welfare.

But we pay social welfare so why not help the morgage people .

Banks get help
dole people get help
people with childeren get help
pensioners get help
the list goes on.

People who are in neg equity and get hammered by rate hikes and USC get nothing.

And yes rates change and we know it.

Just dont seem fair.

And also did the gouvment not promise some help to homeowners ?

Sorry gtg as i have to work and earn money to pay for a bail out and dole and whater ever else.

motherriley

Is tax releif on interest still apply to mortgages in Ireland.

http://www.moving.ie/mortgages/mortgage_interest_relief.asp

carm

hmmm wrote: »

What would happen? Some other family would get your house, at an affordable price. Perhaps they are some family who had wisely decided not to buy at over inflated prices or take out a mortgage they couldn't afford. Perhaps that family are renting right now and would love to own an affordable house.

Your proposal is that family who are renting pay your mortgage as well as their own rent. Why don't you pay your own debts?

I bought my house at an affordable price before the supposed "boom". I am struggling to meet repayments due to redundancy. I'd like the fairness of mortgage interest supplement to be the equivalent of rent allowance, where it's not short-term and the criteria amended. I don't know anyone who wants a "bailout". I see them as needing a little extra to help them. Just as people who rent get a help out (but at far higher rates in many cases). If they lose their home, they can apply for rent supplement, which can be as high as E1,030 a month. Is this what you want to see up to 100,000 people doing? How will that be paid?

People who are struggling to pay their monthly mortgage payments were not "all" the great "unwise" who bought their homes at over inflated prices. There are some, yes.

Perhaps they are the family who have lived on rent allowance for 20 years who never moved their arse off their rented couch who have decided to buy a property with your tax and my tax as they've waited for the collapse. Who knows, there are so many stories.

I was one of those people who rented for many years waiting to be lucky enough to buy. Nobody could have guessed we'd all lose our jobs years later. You already pay (assuming you pay tax) many landlords mortgages by way of rent supplements, why do you appear more comfortable with that than the average family who wanted to buy into owning their own home?

hmmm

carm wrote: »

You already pay (assuming you pay tax) many landlords mortgages by way of rent supplements, why do you appear more comfortable with that than the average family who wanted to buy into owning their own home?

Because rent allowance and social welfare is meant to be a safety net, it's not intended to be a means to prop up someone allowing them to live a lifestyle they think they are entitled to but can't afford.

Lots of people took into consideration the possibility they might lose their job or that interest rates would rise, your financial decisions are your problem and certainly not someone else's problem to pay for.

carm

hmmm wrote: »

Because rent allowance and social welfare is meant to be a safety net, it's not intended to be a means to prop up someone allowing them to live a lifestyle they think they are entitled to but can't afford.

Lots of people took into consideration the possibility they might lose their job or that interest rates would rise, your financial decisions are your problem and certainly not someone else's problem to pay for.

Yes, you and I know that rent allowance and social welfare is meant to be a safety net, but there are thousands who don't and abuse it without conscience. That's beside the point.

A person's financial decisions will become everyone's problem when they cannot get jobs and can't afford to meet their mortgage repayments.

Which leads me back to my original question which you lightly passed by.

If people struggling with mortgage repayments lose their homes, they can apply for rent supplement, which can be as high as E1,030 a month. Is this what you want to see up to 100,000 people doing and How will that be paid?

sollar

Its not just people paying 400K for a box in dublin that are struggling. There are people out there with decent houses owing a €150,000 to €200,000 or so and are finding it hard to deal with the repayments. Nothing is selling at the min and banks are lending next to nothing for people to buy.

Godge

carm wrote: »

I bought my house at an affordable price before the supposed "boom". I am struggling to meet repayments due to redundancy. I'd like the fairness of mortgage interest supplement to be the equivalent of rent allowance, where it's not short-term and the criteria amended. I don't know anyone who wants a "bailout". I see them as needing a little extra to help them. Just as people who rent get a help out (but at far higher rates in many cases). If they lose their home, they can apply for rent supplement, which can be as high as E1,030 a month. Is this what you want to see up to 100,000 people doing? How will that be paid?

People who are struggling to pay their monthly mortgage payments were not "all" the great "unwise" who bought their homes at over inflated prices. There are some, yes.

Perhaps they are the family who have lived on rent allowance for 20 years who never moved their arse off their rented couch who have decided to buy a property with your tax and my tax as they've waited for the collapse. Who knows, there are so many stories.

I was one of those people who rented for many years waiting to be lucky enough to buy. Nobody could have guessed we'd all lose our jobs years later. You already pay (assuming you pay tax) many landlords mortgages by way of rent supplements, why do you appear more comfortable with that than the average family who wanted to buy into owning their own home?

There are people who paid insurance against redundancy in order to protect their mortgage payments, in some cases, depending on their jobs, this was quite high. They are safe in cases like yours.

Godge

jased10s wrote: »

But we pay social welfare so why not help the morgage people .

Banks get help
dole people get help
people with childeren get help
pensioners get help
the list goes on.

People who are in neg equity and get hammered by rate hikes and USC get nothing.

And yes rates change and we know it.

Just dont seem fair.

And also did the gouvment not promise some help to homeowners ?

Sorry gtg as i have to work and earn money to pay for a bail out and dole and whater ever else.

Why should people who can afford to buy property be helped. I think mortgage interest supplement is too generous. If you can't afford the payments on your car or your tv, they are repossessed. Why are houses different?

hmmm

carm wrote: »

If people struggling with mortgage repayments lose their homes, they can apply for rent supplement, which can be as high as E1,030 a month. Is this what you want to see up to 100,000 people doing and How will that be paid?

Instead of receiving rent allowance, you want to remain in your property and receive the equivalent of rent allowance as a subsidy to pay your mortgage.

If you cannot see the obvious problem with that suggestion then there's no hope for you. We'd have half the country stop paying their mortgage.

If you can't afford your current house and lifestyle, it's not the responsibility of the taxpayer to pay for it instead.

carm

hmmm wrote: »

Instead of receiving rent allowance, you want to remain in your property and receive the equivalent of rent allowance as a subsidy to pay your mortgage.

If you cannot see the obvious problem with that suggestion then there's no hope for you. We'd have half the country stop paying their mortgage.

If you can't afford your current house and lifestyle, it's not the responsibility of the taxpayer to pay for it instead.

I didn't say that. You misread entirely. Equivalent is not the word I used. I wouldn't expect the HSE to pay E1,030 off anyone's mortgage in the same way rent supplement is paid.

I don't have a "lifestyle" and if you have a problem with the taxpayer paying off partial monthly mortgage payments, perhaps take it up with Joan Burton and the mortgage interest supplement as you are already paying for people's mortgages. Were you not aware of this?

And so, I'll ask again.

If people struggling with mortgage repayments lose their homes, they can apply for rent supplement, which can be as high as E1,030 a month. Is this what you want to see up to 100,000 people doing and How will that be paid?

ei.sdraob

jased10s wrote: »

Godge wrote: »

You are confusing two issues here. Just because our social welfare and transfers bill of €26 bn is way too high and our social welfare is too generous doesn't mean we should increase it by paying for some people's overstretched mortgage which is just another form of social welfare.

But we pay social welfare so why not help the morgage people .

Banks get help
dole people get help
people with childeren get help
pensioners get help
the list goes on.

People who are in neg equity and get hammered by rate hikes and USC get nothing.

And yes rates change and we know it.

Just dont seem fair.

And also did the gouvment not promise some help to homeowners ?

Sorry gtg as i have to work and earn money to pay for a bail out and dole and whater ever else.

Just to inject some reality into the thread

There is no money to pay the parties you listed above. It has to be borrowed at high rates.

To borrow money at 10% in order to help someone who can't afford 4% mortgage is insane

thebullkf

weldoninhio wrote: »

I've no idea where your readig that from. I'll make it simple.

You are saying it is an Irish trait to want to own your own home and be secure in it. I agree with this.

You are saying that you should be entitled to buy the above secure home wherever your roots are. This is Nonsense

You are saying that anyone who payed over the odds for their home in the place they wanted to should not have to pay the mortgage on their home if their home has lost value. More Nonsense

I'm saying that the above citizen would be more secure buying a house they could afford in a satelite town, with no threat of the bank taking the house off them. Can you not see the sense in this??

I live in Rush, its about halfway between Dublin and Drogheda, I can get to Drogheda comfortably in about 20 mins and Dublin city centre in about 15. I've been to both, Drogheda is by no means destitute. What will be destitute is the above citizen who overstretched himself with a mortgage he couldn't afford, and is eventually kicked out on the street by the banks and finds his family on the council waiting list, pleading for a house while the courts chase him for payment of his debts.

15 mins to the GPO.....from rush

wheres the jobs in these satellite towns....


its not nonsence at all, having to move to a satellite town and be even more marginilised from your family is nonsense

the answer lies somewhere between choking off the tether thats hurting the most, and stimulating the economy by encouraging innovation and retaining our resources.

too many people on the dole, long term- they should be cut. Now.

the dole should also be limited to a year-36 months MAX.

too many civil servants on too high wages, they should be cut. Now.

too many politicians... " " " "

too much apathy among the people.

too much greed " " " "

too much cronyism..

no leadership.

no recourse to the law for the wealthy.

theres no motivation for radical change because we don't enforce our existing laws properly, we don't protect our national wealth properly, too many people have too many fingers in too many pies.

To all the merchants spouting tough luck , why didn't you do xyz...if hindsight were foresight etc etc. we're in the faeces, too many mé feiners on here tbh, with little to do but be smug.:(


you may be glad you're not mired in the crap, but i sense the people who are, are glad you aren't either.


we should've burned the swine when we had the chance.

does anyone know what the annual cost of living in Dublin/Cork/Galway is currently??

if people on minimum wage can manage to live , so can people on 150k plus,

swift scythe of wages should be the first thing....

As an aside:

i vomit a little in my mouth when i hear about the plans by hoteliers,and fast food giants,and massive facilities companys looking to change the JLC agreements....in the name of 'job creation' .its bloody profit creation !
as usual they start fixing our little pyramid from the bottom up, as opposed to from the top down.

.. its greed that drives and ultimately ruins us.

There are too many politicians in jobs who would've been sacked in any, any , other sector or european country....

i could go on... the sickening thing is, everyone knows...nobody acts.:mad:

i despair at my country, and its leaders.:mad:


Rudderless, with a slow puncture that can't me mended..:(

we should all hang our heads.

I work btw, have always contributed to the state,have been unemployed, and have a high mortgage - someone else earlier mentioned rents being a third of mortgage payments...they're obviously not renting, nor paying a mortgage:rolleyes:


Sorry for the rant.:(

Good loser

Why did RTE/Media give that stupid, destructive, union suggestion the oxygen of publicity?

What business is it of the unions how mortgages are managed by individuals, the banks or the State?

A few years ago the INMO boss wanted wages increased because a guard/teacher or nurse/guard etc couldn't AFFORD to buy a semi in Dublin.

Now they want wages maintained so that the resultant mortgages can be AFFORDED.

What about levying the nurses now so that the State can AFFORD to pay for the mortgages thay are urged to default on?

Better still maybe the nurses who can AFFORD it could pay the mortgages for those nurses who can't AFFORD theirs. (the INMO doing the paperwork)

Keeping it in the family like

ilovesleep

I never bought into the property crap and have no debts, thank goodness.

So, banks borrowed money from other banks to lend to people. Then the banks come into difficulty repaying those loans and the tax payer is forced to prop them up. So if you have a loan, and are working paying tax you are effectively paying two times over.

If you decide to go to the bank for a loan, you are borrowing your own money with interest.

Forget what I was watching and who was talking but he made so much sense. We, the irish people, loans or no loans, are paying two or three times over for banking money and will be for a long time to come.

The irish taxpayer already owns all those mortgaged houses. Eejits, the lot of ye who are paying twice for their loans.

sarumite

ilovesleep wrote: »

The irish taxpayer already owns all those mortgaged houses. Eejits, the lot of ye who are paying twice for their loans.

Unfortuantely we only own the debt and nothing more.