shandonkid
25-06-2009, 01:43 PM
Unfortunately I don't reside by the Banks of the Lee anymore but I'd like to get an idea of what people think of the response to the house price crash and the general sense of injured entitlement which many people seem to exhibit about losses while dabbling in property speculation. I saw this article this morning in the indo and although in this particular case where a builder collapse caused people to lose deposits which is undoubtable traumatic and unfortunate for those involved I couldn't get away from some of the really bad an ill-informed choices people made and the failure to accept even some blame for borrowing heavily and investing with too much haste.
http://www.independent.ie/national-news/instead-of-836420000-we-have-8364200--that-is-criminal-1789205.html
“One man said it took him five years to save the deposit and he has nothing.”
This gentleman cannot afford a house if it took him 5 years to save a 20k deposit for a half mill apartment - this is a fact.
“We asked could we get out of the contract because Emma had mortgage approval and had to buy something.”
HAD TO BUY SOMETHING??????? This chick’s husband must be in the horrors every time she get her hands on the credit card – she sounds like someone who might be in the market for some magic beans
The best bit:
€505,000 two-bedroom unit.
NUTS…..half a mill for a rabbit hutch……
Reading this kind of sob story from pigeons has become a common occurrence in the irish papers lately….. yes the builders/banks and politicians (especially the gombeens in FF who cheerled this pyramid scheme) are thieving scumbags but in fairness show some level of cop-on.
The country is however in safe hands with the intellectuals running the place trying to convince anyone who still listens to them that the pretty damning imf report was good news
"Finance Minister Brian Lenihan welcomed the IMF's view that, on the two issues that mattered most, the Government moved in the right direction.
These are the multi-year plan to contain the budget deficit, which the IMF put at €20bn last year, and the proposed establishment of NAMA.
"This report is both a balanced and realistic assessment of the challenges we face, and also endorses the actions that we are taking," Mr Lenihan said.
"
I wish it were different given the horrendous challenges facing the country over the next months and indeed years, but this Lenihan chap comes across as the type of man who wouldn't find his arse with both hands tied behind his back......
http://www.independent.ie/national-news/instead-of-836420000-we-have-8364200--that-is-criminal-1789205.html
“One man said it took him five years to save the deposit and he has nothing.”
This gentleman cannot afford a house if it took him 5 years to save a 20k deposit for a half mill apartment - this is a fact.
“We asked could we get out of the contract because Emma had mortgage approval and had to buy something.”
HAD TO BUY SOMETHING??????? This chick’s husband must be in the horrors every time she get her hands on the credit card – she sounds like someone who might be in the market for some magic beans
The best bit:
€505,000 two-bedroom unit.
NUTS…..half a mill for a rabbit hutch……
Reading this kind of sob story from pigeons has become a common occurrence in the irish papers lately….. yes the builders/banks and politicians (especially the gombeens in FF who cheerled this pyramid scheme) are thieving scumbags but in fairness show some level of cop-on.
The country is however in safe hands with the intellectuals running the place trying to convince anyone who still listens to them that the pretty damning imf report was good news
"Finance Minister Brian Lenihan welcomed the IMF's view that, on the two issues that mattered most, the Government moved in the right direction.
These are the multi-year plan to contain the budget deficit, which the IMF put at €20bn last year, and the proposed establishment of NAMA.
"This report is both a balanced and realistic assessment of the challenges we face, and also endorses the actions that we are taking," Mr Lenihan said.
"
I wish it were different given the horrendous challenges facing the country over the next months and indeed years, but this Lenihan chap comes across as the type of man who wouldn't find his arse with both hands tied behind his back......