[broken link removed]
Might as well stop paying my mortgage now
My wife can give up work and look after the kids instead of killing herself to pay the mortgage & childcare
This time 5 years we'll be laughing
Well, if you don't like it you can leave the country.
It seems you don't like the way it is being run. There is no one forcing you to stay and accept it.
Ireland as a country is simply not capable of dealing with the problems it has.
When the people elect a bunch of incompetents they deserve everything they get.
Anyone with sense left years ago.
Well I don't consider debt forgiveness to be fair. Either it's debt forgiveness for all or for none.
The woman in that article could get another mortgage in 6 years time and buy the same house for a fraction of what she paid for it originally while her neighbours who have toiled for the same 6 years to pay their mortgage are still stuck with a massive mortgage on a property that they might never ever sell.
I really don't understand this and there has to more to it that meets the eye? If this is the case, then why would anyone in their right mind continue paying their mortgage. Surely the best course of action is to reduce payments over time and direct the excess monies into a third party account and build up a fund. In a number of years default and do a deal, write off your debt for some nominal amount and keep your lump sum!. New Beginings is right.
Ireland as a country is simply not capable of dealing with the problems it has.
When the people elect a bunch of incompetents they deserve everything they get.
Anyone with sense left years ago.
This "debate" is all very interesting - but does anyone know WHY BOI wrote off this debt??? What makes this case so different to the loads of others who can't get permission to sell their house for less than the mortgage owed?