What is Negative Equity? I don't understand Richie Boucher's definition

Tow

Hi BOI,

I was watching Richie Boucher's giving BOI definition of Negative Equity on TV during the week and found it very hard to follow. Would it be possible for you to give a working example how you calculate it, in particular it's indexation etc?

Here is a clip of his explanation I found on You Tube:

https://www.youtube.com/watch?v=k3YkCWJIMXE

harolds57

Firstly great post.

Disgraceful, hold your head in shame Bank Of Ireland. If the Finance committee can't get the answers what chance has the ordinary worker got, even do thanks to the ordinary worker you in the bank of Ireland still have your jobs. Yet you’re the cause of so much unemployment and hardship and suffering on the Irish people. You don’t deserve to have the name Ireland in your business name and wish there was a law that could force you to stop using it as all you have brought on Ireland is hardship and suffering because of your greed.

With Christmas just around the corner, when you’re having your fancy Christmas party’s maybe in the golf clubs that you get your membership paid for by the bank/tax payer spare a taught for the people who don’t know where there child’s presents are going to come from this Christmas and indeed the many poor souls that will be complatating whether life is worth living or not.

harolds57

Was looking forward to an example!!!!

Boards.ie: Niamh

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