How Ireland Works

[SoundMan]

My doctor wife and I couldn’t buy the house we wanted. So we moved abroad — and life is much better

We couldn’t afford anywhere in or around Dublin. We now own a large family home near Amsterdam

www.irishtimes.com

FFS what a sh*tshow that it's come to this.

But shur no worries, we don't really need doctors because there's only another 400K on free doctors visits.




This and the fact that the Bank Of Ireland are due to pay out more than 100M in a fine for their abuse of customers and withdrawal of their tracker mortgages.

The obvious questions are:
Will all of those people who had their houses repossessed when they could no longer afford the jacked up repayments be given suitable recompense?
Did any bank officials make more money (in bonuses or otherwise) due to this money being wrongly taken from their customers?
Will anyone in the Bank of Ireland be sent to jail for this major and widespread defrauding of customers?

Bank of Ireland fined €100.5m over tracker mortgage scandal | BreakingNews.ie

Issuing the fine, the Central Bank said Bank of Ireland’s failures "resulted in the loss of 50 properties, including 25 family homes"

www.breakingnews.ie

It was known that the bank themselves had set aside 120M to pay the fines but they were only fined just over 100M



And neither of these stories in the newspapers today made it to the Langers Forum that I could see. Shills shilling elsewhere I guess

 

[PussyinBoots]

My doctor wife and I couldn’t buy the house we wanted. So we moved abroad — and life is much better

We couldn’t afford anywhere in or around Dublin. We now own a large family home near Amsterdam

www.irishtimes.com

FFS what a sh*tshow that it's come to this.

But shur no worries, we don't really need doctors because there's only another 400K on free doctors visits.




This and the fact that the Bank Of Ireland are due to pay out more than 100M in a fine for their abuse of customers and withdrawal of their tracker mortgages.

The obvious questions are:
Will all of those people who had their houses repossessed when they could no longer afford the jacked up repayments be given suitable recompense?
Did any bank officials make more money (in bonuses or otherwise) due to this money being wrongly taken from their customers?
Will anyone in the Bank of Ireland be sent to jail for this major and widespread defrauding of customers?

Bank of Ireland fined €100.5m over tracker mortgage scandal | BreakingNews.ie

Issuing the fine, the Central Bank said Bank of Ireland’s failures "resulted in the loss of 50 properties, including 25 family homes"

www.breakingnews.ie

It was known that the bank themselves had set aside 120M to pay the fines but they were only fined just over 100M



And neither of these stories in the newspapers today made it to the Langers Forum that I could see. Shills shilling elsewhere I guess

SoundY I know it sucks but try to rise above it, m8.

 

[SoundMan]

SoundY I know it sucks but try to rise above it, m8.

Shh PiB you're only keeping this current. They'll want it shut down

 

[TheOutdoorThreadmill]

My doctor wife and I couldn’t buy the house we wanted. So we moved abroad — and life is much better

We couldn’t afford anywhere in or around Dublin. We now own a large family home near Amsterdam

www.irishtimes.com

And neither of these stories in the newspapers today made it to the Langers Forum that I could see. Shills shilling elsewhere I guess

Who the fuck reads the abroad of section of the Irish Times? G'wan ya spazzer

 

[SoundMan]

Who the fuck reads the abroad of section of the Irish Times? G'wan ya spazzer

It was also reported by RTE on Morning Ireland - you know, the show you said wasn't much good despite it's having the largest listenership of any radio show in the country

 

[bluesball]

Will those who have not payed their rent for years be evicted and the houses given to those who would appreciate them.Would SF support the eviction of those not paying rent.Politicians of all parties afraid to speak on this.

 

[TheOutdoorThreadmill]

It was also reported by RTE on Morning Ireland - you know, the show you said wasn't much good despite it's having the largest listenership of any radio show in the country

Morning Ireland reported a story from the Abroad section of the Irish Times?

 

[The High King]

When youre finding it hard to criticize the budget, what's a SF online activist to do on those long Thursday evenings doing fuck all on the tax payers expense.
I know, a new thread about a family that emigrated.

 

[Happyhonkaman]

funny - I read that article earlier and figured the fella was suffering from a serious case of butthurt.. it's 'my son the engineer' territory

Housing crisis aside (and no one can defend that), the point of the article was that his wife is a DOCTOR and they cannot have everything they want. The figures dont stack in my head regardless of his wife's extreme importance to society. They have bought a house 30km outside of Amsterdam. Amsterdam is a very contained city so make no mistake about it they are out in the wilderness as opposed to the edge of the city or something like that, so then he would presumably have been happy somewhere within 30km of Dublin city centre with a rail link, so that could be Rush, Ashbourne, Ratoath, Leixlip, Cellbridge, Dunshaughlin, Kilcock, Maynooth, Clayne, Naas etc etc etc

He then goes on to tell us that they could get 4.5 times their salary as a mortgage in Holland whereas it is 3.5 times here. we are hardly going to argue this one are we? We have been burned badly before and these are the rules, the fella works in banking FFS. If you prefer 4.5 times then off you go to Holland. Anyway, if he had looked more closely he would have been able to get 4 times with an exception.

But even still the figures dont stack - stick with the 3.5x multiplier and say his wife is on €100k and he's on €45k, round it up to €150k.. that allows them to borrow €450k on top of the €45k minimum savings they would have to have so they would be approved for a mortgage of €495,000. Is he seriously saying that he cannot find a house in the locations I have mentioned for €495,000?

I just lashed a basic search with some of those areas into myhome.ie and here's a few from the first page:

https://www.myhome.ie/residential/brochure/4-monread-gardens-naas-co-kildare/4640747

347 Sundays Well, Naas, Co. Kildare - Sherry FitzGerald O'Reilly (Naas) - 4602414 - MyHome.ie Residential

347 Sundays Well, Naas, Co. Kildare, 4 Bed, asking price €399,000, brought to market by Sherry FitzGerald O'Reilly (Naas), Residential - 4602414 (rated C2)

www.myhome.ie

60 Elsmore Green,Naas,Co. Kildare - Sherry FitzGerald O'Reilly (Naas) - 4644460 - MyHome.ie Residential

60 Elsmore Green,Naas,Co. Kildare, 4 Bed, asking price €485,000, brought to market by Sherry FitzGerald O'Reilly (Naas), Residential - 4644460 (rated A2)

www.myhome.ie

Ranging from €380-€485,000 for 4 bed houses, the most expensive one being an A1 rated brand new house. They have a load of options under 400k there. Not saying any of these are good value as I have no idea but the mortgage would not have been the defining factor here

He then finishes up telling us everything is better there but he still wants to live here

FFS

 

[TheOutdoorThreadmill]

funny - I read that article earlier and figured the fella was suffering from a serious case of butthurt.. it's 'my son the engineer' territory

Housing crisis aside (and no one can defend that), the point of the article was that his wife is a DOCTOR and they cannot have everything they want. The figures dont stack in my head regardless of his wife's extreme importance to society. They have bought a house 30km outside of Amsterdam. Amsterdam is a very contained city so make no mistake about it they are out in the wilderness as opposed to the edge of the city or something like that, so then he would presumably have been happy somewhere within 30km of Dublin city centre with a rail link, so that could be Rush, Ashbourne, Ratoath, Leixlip, Cellbridge, Dunshaughlin, Kilcock, Maynooth, Clayne, Naas etc etc etc

He then goes on to tell us that they could get 4.5 times their salary as a mortgage in Holland whereas it is 3.5 times here. we are hardly going to argue this one are we? We have been burned badly before and these are the rules, the fella works in banking FFS. If you prefer 4.5 times then off you go to Holland. Anyway, if he had looked more closely he would have been able to get 4 times with an exception.

But even still the figures dont stack - stick with the 3.5x multiplier and say his wife is on €100k and he's on €45k, round it up to €150k.. that allows them to borrow €450k on top of the €45k minimum savings they would have to have so they would be approved for a mortgage of €495,000. Is he seriously saying that he cannot find a house in the locations I have mentioned for €495,000?

I just lashed a basic search with some of those areas into myhome.ie and here's a few from the first page:

https://www.myhome.ie/residential/brochure/4-monread-gardens-naas-co-kildare/4640747

347 Sundays Well, Naas, Co. Kildare - Sherry FitzGerald O'Reilly (Naas) - 4602414 - MyHome.ie Residential

347 Sundays Well, Naas, Co. Kildare, 4 Bed, asking price €399,000, brought to market by Sherry FitzGerald O'Reilly (Naas), Residential - 4602414 (rated C2)

www.myhome.ie

60 Elsmore Green,Naas,Co. Kildare - Sherry FitzGerald O'Reilly (Naas) - 4644460 - MyHome.ie Residential

60 Elsmore Green,Naas,Co. Kildare, 4 Bed, asking price €485,000, brought to market by Sherry FitzGerald O'Reilly (Naas), Residential - 4644460 (rated A2)

www.myhome.ie

Ranging from €380-€475,000 for 4 bed houses, the most expensive one being an A1 rated brand new house. They have a load of options under 400k there. Not saying any of these are good value as I have no idea but the mortgage would not have been the defining factor here

He then goes on to tell us everything is better there but he still wants to live here

FFS

That's some clatter for Sound_Y. Another of his threads backfiring.