Plus, I suspect the majority of people who are being chased for repossession would prefer to hand back the keys and start again without having a debt hanging around there necks for life.
If the builders and banks are bailed out by NAMA then why not the ordinary homeowner?
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Where is the help for those who are currently paying their mortgage but struggling to do so?
Why should those who cannot pay be afforded more help than those who can?
Why should my neighbour have thousands written off his mortgage just because he lied on his mortgage application and then lost his job?
You sound like a bitter person. Why not throw everyone who cant afford their mortgages out on the street and try and improve society that way?
You sound like a bitter person. Why not throw everyone who cant afford their mortgages out on the street and try and improve society that way?
Have the banks not been bailed out by the tax payer? Or am I missing something DB74?
You sound like a bitter person.
I never mentioned the banks.
However you mentioned the builders and I have yet to see an explanation as to how the builders were bailed out by NAMA.
AFAIK a builder with a loan of €20m sees his loan transferred to NAMA for a discount. However he still owes the €20m and is pursued for the full amount by NAMA.
If the money is actually owed by a Ltd company (as opposed to owed personally) and he chooses to liquidate then this is not something he couldn't do anyway irrespective of who he owes his money to.
If your best repsonse is a personal attack then maybe you should stay off the thread.
Should I have to pay part of my taxes towards the cancer treatment of smokers when I dont smoke?
Not bitter at all. Just don't see why someone who borrowed heavily to buy a house should now be forgiven some of that debt just because they can't afford to pay while others who continue to make the repayments end up making up the shortfall in one way or another.
Let the banks repossess and let people rent their home.
Lenient bankruptcy laws merely encourage people to default on their debts. Look at David Drumm.
Rumours indeed - they wouldn't get out of bed for €100k paHmmm... The rumours about property developers being paid €100,000 per annum to run there defunct empires must be just that... rumours..
What if those who didn't smoke had to pay for their own cancer treatment because only smokers get state-funded treatment?
People buying modest houses at inflated prices during the boom because they wanted to get on the property ladder and have the security of a home for themselves and their families before prices rose even further.
The blame should be on the government and not on the 'victims' of the property bubble.
If you start debt forgiveness for some sure why don't I jack in my job and try to get some debt forgiveness for myself
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