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A reminder

  • 01-02-2009 12:52am
    #1
    DJDC
    Closed Accounts Posts: 365 ✭✭


    http://www.askaboutmoney.com/showthread.php?t=21104

    I think many of us forget the sheer lunancy that enveloped ordinary people at the height of the Irish property/ponzi bubble. Hopefully this will act as a reminder.


Comments

  • #2
    Senna
    Registered Users, Registered Users 2 Posts: 8,800 ✭✭✭Senna


    It does show that there were people questioning the market in early 2006, but nobody was listening. Have to sigh at the person thinking they would be worth 20% when they were finished.


  • #3
    the_syco
    Registered Users, Registered Users 2 Posts: 37,316 ✭✭✭✭the_syco


    Aye, just read that thread. It's mad. I wonder how many people will default on the payment?


  • #4
    twanda
    Closed Accounts Posts: 460 ✭✭twanda


    This is very sad. I hope they will not be legally bound to pay an inflated price for a property which is now only gonna land them in negative equity.
    Myself and my b'friend were refused a mortgage back on '06. Little did I know that 2 years later I would be counting my lucky stars that we did not get it. I see over on AAM there are threads popping up from people who are pondering the idea/consequences of ''walking away'' from their mortgages (handing keys to bank, moving abroad and hoping the banks don't chase them etc.). This is probably only the tip of the iceberg..


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