I wonder when we will start to see it here. Maybe it is happening but we just don't hear too much about it, in case it leads to more defaults.
I think this is an irresponsible article to put up. We as tax payers are baling out the banks. Now to put this up and to put ideas into peoples heads to walk away from their mortgages if they are in negative equity. We will never get out of this mess if people start doing this.
People were young and bought into 100% mortgages. But all ages did this. Property developers were older as were the bankers.
It was a decision to be taken very seriously and people did it based on available information. Therefore they have to take responsibility for their actions.
So to encourage people to walk away from their negative equity mortgages will leave us all with higher tax bills for even longer.
Thanks for that!
I think this is an irresponsible article to put up. We as tax payers are baling out the banks. Now to put this up and to put ideas into peoples heads to walk away from their mortgages if they are in negative equity. We will never get out of this mess if people start doing this.
People were young and bought into 100% mortgages. But all ages did this. Property developers were older as were the bankers.
It was a decision to be taken very seriously and people did it based on available information. Therefore they have to take responsibility for their actions.
So to encourage people to walk away from their negative equity mortgages will leave us all with higher tax bills for even longer .
Thanks for that!
As I said the vested interests are as usual more concerned with themselves than anybody else. As long as I'm alright ... That's what got us (and by us I mean all the citizens of the Country) into this mess in the first place."We as taxpayers.......We will never get out of this mess........will leave us all with higher tax bills for even longer" !
BOI now headed up by an insider, 3% pay increases granted to all bank staff, by bankrupt (except for the largess of BL) banks.
Factually incorrect...
You probably don't want to hear that a friend has just increased the term of his mortgage back to 40 years, paying the minimum back, and is just playing the waiting game, waiting for a redundancy payout and then he's off back to the sunny, southern hemisphere....and you can be sure AIB or BoI will have little chance of extracting money from him for abandoning his property in Ireland, that's if they even find him.So to encourage people to walk away from their negative equity mortgages will leave us all with higher tax bills for even longer.
Thanks for that!
I think this is an irresponsible article to put up.
Interesting article.
I wonder when we will start to see it here.
Im not the only one thinking about this another family member has 12 properties and is considering the same when his interest only period finishes.
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