Complainer
Registered User
- Messages
- 4,949
I really hope that MABS scarce resources are not being used up to advise people on how to manage their property investments. Please sell your other assets before you go taking up time of the MABS people.
in the first instance ordinary people did screw up buying into the whole property portfolio lark and now i don't see how complainer is really wrong - sell the lot or try first before heading off to MABS andAs a taxpayer who is funding MABS, I certainly don't have a problem with it helping ordinary people who need help. Just as I don't have a problem with MABS helping people who are in difficulty due to gambling or a reckless lifestyle.
That's not what I said (or certainly not what I meant). If you are in debt as a result of a current property investment, then the first step should be to sell the property. In the original thread where this came up, the OP has substantial equity in their home, and was struggling to keep their head above water as a result of having bought two investment properties at the peak of the book. If MABS are dealing with these cases, they are effectively becoming property investment advisors, not 'keep a roof over our head' advisors. If the OP can't sell the property, it is because they are not setting a realistic price. Any property will sell - it is just a matter of the right price.I agree Mpsox,
Complainer has decided that if you got into financial difficulty because you made a bad investment decision, then MABS should not be available to you,
You're ignoring the key question. Where do you draw the line?Do you really think Sean Dunne and Liam Carroll will be going to talk to Mabs ?! Get real!
There is no line to be drawn, MABs is there for any individual who needs genuine financial help\advice.
I don't understand the point of your post, so what if there are a few weeks waiting time. What else would you expect in the midst of a recession.
That's not what I said (or certainly not what I meant). If you are in debt as a result of a current property investment, then the first step should be to sell the property. In the original thread where this came up, the OP has substantial equity in their home, and was struggling to keep their head above water as a result of having bought two investment properties at the peak of the book. If MABS are dealing with these cases, they are effectively becoming property investment advisors, not 'keep a roof over our head' advisors. If the OP can't sell the property, it is because they are not setting a realistic price. Any property will sell - it is just a matter of the right price.
Should Sean Dunne & Liam Carroll be expecting their MABS rep to sort out their financial woes? If not, where do you draw the line between personal finances and running investment businesses.
Given that many MABS offices currently have waiting lists of weeks or months, I would hope that they give priority to those with least assets (regardless of how they came to that situation).
... If you are in debt as a result of a current property investment, then the first step should be to sell the property....
I'd expect that the limited resource of MABS would be focused on those who are trying to keep a roof over their own heads and food on their own table, rather than manage their property investments.I don't understand the point of your post, so what if there are a few weeks waiting time. What else would you expect in the midst of a recession.
Of course they wouldn't do that.
I dont think MABs manage peoples property investments. Do you have specifuc evidence or are you just talking about something you dont actually know happens.
I'm well aware that they are not twiddling their thumbs, which is why they need to focus their resources on people that are struggling to put food on the table, not people who are struggling to keep their investment portfolio intact.Complainer, your logic is astonishingly arrogant. MABS help people in debt
from all walks of life. You can be certain they are not twiddling their thumbs.