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What is the path to the upturn that will ultimately come?

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  • #32
    Trotter
    Closed Accounts Posts: 5,362 ✭✭✭Trotter


    I'll have a look on the net. It was a friend who's in the business who told me.


  • #33
    Zynks
    Registered Users, Registered Users 2 Posts: 1,683 ✭✭✭Zynks


    Trotter wrote: »
    I'll have a look on the net. It was a friend who's in the business who told me.

    I am not sure about the duration of mortgages in Sweden, but I do know that the vast majority have interest only deals. The main reason is that Sweden has a wealth tax and it is more tax efficient to not have much net equity.

    Having said that, if we all switched to interest only, this would solve a huge part of our problems in the short to medium term because it would be less likely that people would default and there would be some spare cash to help keep the economy moving.

    If you are looking for examples for long mortgages Japan will certainly be the one. 100 year mortgages are supposed to be common there. People inherit the property with a mortgage attached - and why not, I guess.


  • #34
    feicim
    Closed Accounts Posts: 289 ✭✭feicim


    I came across this thread from 2 years ago there were several questions raised by the OP and it seems none of them have come any closer to being answered.

    What has our government been doing to create jobs?

    Why are they still in power?

    What positive steps have they taken in the last two years to improve the life of the average irish citizen?

    We all know things have gotten worse and are still getting worse, but that shouldn't mean that the government just gets to sit back and watch the destruction, they should have come up with something by now??

    Years have passed when they FF/Green party should have addressed some of these issues but nothing has been done. So annoying! :mad:


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