Strokestown **Mod Note in Post #4461**

Fann Linn

I see the Castlerea thread has been redacted.

#fakenews

gnf_ireland

Deleted User wrote: »

Better vetting reduces the risk (i.e the banks actually doing their job), we did have better lending practices prior to the bubble and ultra low interest rates. A long term view needs to be taken, not just a short term one.

No, I don't believe we had better vetting back then. What we had was higher interest rates and that itself was a major deterrent to people borrowing money.

The other big difference is that there was an underlying assumption (in rural Ireland at least) that land never falls in value. Same applied to house prices by en large. That meant that in the event security was called on a loan, there was rarely negative equity involved, so the borrower still had skin in the game. It was in their interests to resolve issues quickly, as it would directly hit what was left over.

The other difference in mortgages was the capping based on 2.5 times primary income and 1 time secondary income. Compare that to 3.5 times joint incomes now.

The boom and bust changed all of that. This farmer has nothing left to lose - he has lost it all at this stage (but no detail on where the 100k's went to). He has no skin left in the game so can act the way they choose.

Better vetting reduces the risk - be careful what you wish for. I am sure people would be delighted to be asked for 3 years bank statements instead of 1 years and incomes averaged over 5 years as part of better vetting processes.

Increased vetting would mean tighter lending - which in turn creates different issues. How often do you hear "my rent is higher than my mortgage" would be etc.

BTW - At a personal level, I fully support tighter lending practices, but not everyone would agree with them and they do have knock on effects as well.

Plumbthedepths

Fann Linn wrote:

I see the Castlerea thread has been redacted.

Anyone know why?

Fann Linn

Plumbthedepths wrote: »

Anyone know why?

??

Billcarson

markodaly wrote: »

Aw cop on will ya.

Why are people such snowflakes today?
Almost full employment, pubs and restaurants raking it in, very strong retail sales in the run up to Christmas, yet people are never happy.

The problems in the country stem from the fact there is a cohort of Irish people who are simply retarded, who moan and whinge when debt collectors come calling when money they borrowed goes up in smoke.

We have massive cultural issues in the country, that stops us solving those big issues you mention.

Housing for example. People moan about the terrible plight on young renters and homeless, but they won't be too far long objecting to every bit of development that goes over 3 stories because that is 'high rise'

They also want to build a McMansion in some field in the middle of nowhere, yet decry the death of the towns and villages, when of course they don't' themselves choose to live or shop there.

They will decry any property tax the government will impose on them, stating that its an illegal tax or immoral tax or something.
Lets not even talk about water.

We as a nation are riven with utter stupidity and hypocrisy which prevents us being a grown-up nation, where we look and analyse issues in a grown-up fashion.

So we should all just be good little sheep. We will just ignore all the corruption that goes on. This country is rotten to the core. There are people out there struggling to make ends meet. You are clearly delusional if you think why should people should be complaining . The cost of living keeps rising etc etc. Near full employment , working but still finding it hard to make ends meet. People are being turned into slaves basically. But sure we will just take it anyway sure why not

nthclare

This is the tip of the iceberg.

Wait until the next bust.

I'd say 10% of the working population has a secure enough job to take out a mortgage.
It's win win for the financial sector.

Everything is wrapped up in red tape and contradiction.

Most financial sector job's, factories, retail businesses, the IT sector, the construction industry, none of these can foresee people lasting 35 year's in job.

But yet the banks give out mortgages to people who haven't secure jobs.

It's all speculation and bull****, a dog with a mallet up his arse knows most people are having the wool pulled over their eye's.

Guard's can't even afford mortgages now, while back in the 80's and 90's a guard or prison officer could get a good mortgage support a family of 5
Now people can hardly live a humble lifestyle.

AIB suggested during 2003 I invest 180,000 inheritance in shares, and take out a mortgage instead of buying a house for cash.

I bought the house for cash, another family member did the investment and got the mortgage.

Who's living in heartbreak hotel now ?

Guy's in suit's working for guy's in suit's...

gnf_ireland

Billcarson wrote: »

There are people out there struggling to make ends meet. You are clearly delusional if you think why should people should be complaining . The cost of living keeps rising etc etc. Near full employment , working but still finding it hard to make ends meet. People are being turned into slaves basically. But sure we will just take it anyway sure why not

I don't think anyone is saying people do not have a right to protest or try and change things.
If you look at the yellow vests in France - same time of underlying resentment growing and growing over a number of decades and now it has exploded.

Yes all of the above needs to be resolved....

BUT having a farmer who has an issue with paying anyone including local businesses, revenue or banks back is not the poster boy for the campaign. He (and his like) are a major part of the problem rather than the solution..

markodaly

Billcarson wrote: »

So we should all just be good little sheep. We will just ignore all the corruption that goes on. This country is rotten to the core. There are people out there struggling to make ends meet. You are clearly delusional if you think why should people should be complaining . The cost of living keeps rising etc etc. Near full employment , working but still finding it hard to make ends meet. People are being turned into slaves basically. But sure we will just take it anyway sure why not

Yawn, blah blah...
Change the record...

Ireland is, in fact, one of the least corrupt countries in the world. Don't let facebook 'news' change the actual facts.

Again, why are people such snowflakes today? Everyone has a sob story to tell. Tell it to someone who gives a crap.

markodaly

markodaly wrote: »

Aw cop on will ya.

Why are people such snowflakes today?
Almost full employment, pubs and restaurants raking it in, very strong retail sales in the run up to Christmas, yet people are never happy.

The problems in the country stem from the fact there is a cohort of Irish people who are simply retarded, who moan and whinge when debt collectors come calling when money they borrowed goes up in smoke.

We have massive cultural issues in the country, that stops us solving those big issues you mention.

Housing for example. People moan about the terrible plight on young renters and homeless, but they won't be too far long objecting to every bit of development that goes over 3 stories because that is 'high rise'

They also want to build a McMansion in some field in the middle of nowhere, yet decry the death of the towns and villages, when of course they don't' themselves choose to live or shop there.

They will decry any property tax the government will impose on them, stating that its an illegal tax or immoral tax or something.
Lets not even talk about water.

We as a nation are riven with utter stupidity and hypocrisy which prevents us being a grown-up nation, where we look and analyse issues in a grown-up fashion.

It starts from the top down. Bertie's ridiculous give away budgets in the noughties to Leo's 'I'm gonna give ya five years of tax cuts', despite the government worrying about the implications of Brexit at the same time.

gnf_ireland

nthclare wrote: »

AIB suggested during 2003 I invest 180,000 inheritance in shares, and take out a mortgage instead of buying a house for cash.

I bought the house for cash, another family member did the investment and got the mortgage.

Well done for having the strength to stay with your convictions. The problem here is banks cannot give financial advice - they are not independent

If someone wants or needs financial advice, they need to go to someone completely independent and pay for it. If they are not paying for it, they are simply going to a salesperson who is getting remunerated via commission

But I agree with you regarding the next bust - it will not be pretty for a lot of people

Billcarson

markodaly wrote: »

Yawn, blah blah...
Change the record...

Ireland is, in fact, one of the least corrupt countries in the world. Don't let facebook 'news' change the actual facts.

Again, why are people such snowflakes today? Everyone has a sob story to tell. Tell it to someone who gives a crap.

Well fu then. Your delusional. Seek medical help. Your some man. I'd be ashamed to call you an Irishman. But as you say you don't give a crap

EagererBeaver

eagle eye wrote: »

EagererBeaver wrote:

A boyo in Roscommon being lawfully evicted from his home for being, well, a thieving ****, is in no way related to the state policy on immigration. To attempt to connect the two is undoubtedly racist. You therefore, are a racist. Pretty ****ing simple to be honest.

As far as I'm aware racism is having the view that another race of people are less important than you. I didn't see that anywhere in his post.

In fairness now, you've shown yourself to not be aware much in this thread, so this lack of understanding isn't all that surprising.

So you're either just a bit dim, or you sympathise with and seek to defend racists. I'll let you make up your mind which one applies.

dermo888

markodaly wrote: »

Yawn, blah blah...
Change the record...

Ireland is, in fact, one of the least corrupt countries in the world. Don't let facebook 'news' change the actual facts.

Again, why are people such snowflakes today? Everyone has a sob story to tell. Tell it to someone who gives a crap.

Stating it as fact, does not make it a truth. Its a truth of sorts, masked by layers of laws, and a draconian libel system. That reminds me of another 'least corrupt country' called Singapore, which is clean on outside appearances, but is merely a massive money laundering centre for the Asian elite.

Twenty family's and a power elite OWN Ireland and strangle 'we the people' through a plethora of layers. Top of that list is scumbag and ba$tard number one. Mr Dennis the Menace O'Brien.

gandalf

Billcarson wrote: »

Well fu then. Your delusional. Seek medical help. Your some man. I'd be ashamed to call you an Irishman. But as you say you don't give a crap

I don't think he's the delusional one mate :rolleyes:

If your idea of an Irishman is a "cute hoor" who doesn't pay taxes and reneges on his debts then your right he isn't your type of Irishman.

Personally those of us do pay our way in society are the real Irishmen.

dense

Fann Linn wrote: »

I see the Castlerea thread has been redacted.

#fakenews

As in erased, never existed?

Billcarson

gandalf wrote: »

I don't think he's the delusional one mate :rolleyes:

If your idea of an Irishman is a "cute hoor" who doesn't pay taxes and reneges on his debts then your right he isn't your type of Irishman.

Personally those of us do pay our way in society are the real Irishmen.

I wasn't talking about that . He was saying people are snowflakes in this country etc etc

The real Irishmen who indeed work their nuts off and pay their way still get screwed over .

MrMusician18

dermo888 wrote: »

Stating it as fact, does not make it a truth. Its a truth of sorts, masked by layers of laws, and a draconian libel system. That reminds me of another 'least corrupt country' called Singapore, which is clean on outside appearances, but is merely a massive money laundering centre for the Asian elite.

Twenty family's and a power elite OWN Ireland and strangle 'we the people' through a plethora of layers. Top of that list is scumbag and ba$tard number one. Mr Dennis the Menace O'Brien.

BINGO

We've got all the scapegoats and irrelevant bogeymen in one thread.

washman3

blueythebear wrote: »

I said it before also but it's worth repeating. This individual is laughing at everyone as he thinks he has gotten away with not repaying yet another debt he has incurred. The level of public support for a tax defaulter and serial non-payer is shocking and if this is the way rural Ireland thinks, then I for one welcome a rural / urban divide.

Had you any problem with Seanie Fitzpatrick walking away laughing along with his buddies like Fingleton etc after destroying this country with the help of the likes of Bertie and Liam Lawlor. Rody Molloy formally of FAS cheated taxpayers of more than 1 million.
These guys weren't from 'rural Ireland' as you like to call it. All from Dublin or the greater area and dozens more with them.
Few are supporting what this Roscommon farmer has done, it's the double standards that angers people.
And hearing our little loyalist friend from Craigavon telling us he's British whilst forcing a former Irish Garda off a property in rural Ireland will definitely incite 70 plus nut-jobs to travel up there and confront him.

wyf437gn6btzue

I`m beginning to think at least half of Irish adults are retarded.

There is a full factual article here that outlines the many debts and judgments registered against the noble crusader by various financial institutions. I`m no scientist but it doesn't take one to spot that someone doesn't like paying their bills.

But sure that`s ok, we will just blame the banks and the politicians and the fictional "elite" for peoples inability to control their personal finance. We wouldn't be Irish if we didn't look for someone to blame our problems on.

eagle eye

EagererBeaver wrote:

So you're either just a bit dim, or you sympathise with and seek to defend racists. I'll let you make up your mind which one applies.

I'll meet you and take you on in an IQ test, we can have money on it if you like
I'm not racist and I don't sympathise with them either.

Fann Linn

dense wrote: »

As in erased, never existed?

It must have hit a nerve.

nthclare

gnf_ireland wrote: »

Well done for having the strength to stay with your convictions. The problem here is banks cannot give financial advice - they are not independent

If someone wants or needs financial advice, they need to go to someone completely independent and pay for it. If they are not paying for it, they are simply going to a salesperson who is getting remunerated via commission

But I agree with you regarding the next bust - it will not be pretty for a lot of people

It's going to be worse than the last one.

Someone posting on this thread probably thinks they're on to a winner, beautiful wife, two cars nice house, 300% over priced.

Tommy Hilfiger or Ralph Lauren wardrobe, tacky handbags....

You know the usual tacky existence, no class whatsoever...

Five years time it'll be a different story.

I've seen it happen twice in the last 25 year's, still people are being lead by the carrot...

wyf437gn6btzue

washman3 wrote: »

Had you any problem with Seanie Fitzpatrick walking away laughing along with his buddies like Fingleton etc after destroying this country with the help of the likes of Bertie and Liam Lawlor. Rody Molloy formally of FAS cheated taxpayers of more than 1 million.
These guys weren't from 'rural Ireland' as you like to call it. All from Dublin or the greater area and dozens more with them.
Few are supporting what this Roscommon farmer has done, it's the double standards that angers people.
And hearing our little loyalist friend from Craigavon telling us he's British whilst forcing a former Irish Garda off a property in rural Ireland will definitely incite 70 plus nut-jobs to travel up there and confront him.

Ah so because he is from rural Ireland its ok? What about Alan Hanly who left the tax payer on the hook for several hundred million, If I recall correctly he lives just down the road from where the the repossession took place the other day.

Mad_maxx

markodaly wrote: »

Aw cop on will ya.

Why are people such snowflakes today?
Almost full employment, pubs and restaurants raking it in, very strong retail sales in the run up to Christmas, yet people are never happy.

The problems in the country stem from the fact there is a cohort of Irish people who are simply retarded, who moan and whinge when debt collectors come calling when money they borrowed goes up in smoke.

We have massive cultural issues in the country, that stops us solving those big issues you mention.

Housing for example. People moan about the terrible plight on young renters and homeless, but they won't be too far long objecting to every bit of development that goes over 3 stories because that is 'high rise'

They also want to build a McMansion in some field in the middle of nowhere, yet decry the death of the towns and villages, when of course they don't' themselves choose to live or shop there.

They will decry any property tax the government will impose on them, stating that its an illegal tax or immoral tax or something.
Lets not even talk about water.

We as a nation are riven with utter stupidity and hypocrisy which prevents us being a grown-up nation, where we look and analyse issues in a grown-up fashion.

From reading this thread, I wonder sometimes if we are a serious people, do we think we can not only opt out of debt - bill obligations but portray ourselves as Martin Luther King for doing so

Fann Linn

Harmony Limited Swag wrote: »

Ah so because he is from rural Ireland its ok? What about Alan Hanly who left the tax payer on the hook for several hundred million, If I recall correctly he lives just down the road from where the the repossession took place the other day.

Isn't he still in his house?

MrMusician18

Harmony Limited Swag wrote: »

I`m beginning to think at least half of Irish adults are retarded.

There is a full factual article here that outlines the many debts and judgments registered against the noble crusader by various financial institutions. I`m no scientist but it doesn't take one to spot that someone doesn't like paying their bills.

But sure that`s ok, we will just blame the banks and the politicians and the fictional "elite" for peoples inability to control their personal finance. We wouldn't be Irish if we didn't look for someone to blame our problems on.

Half of Irish adults have below average intelligence.

But this thread is something else, it, along with Facebook and Twitter, would genuinely make you worried about the future. It's not the topic, but the way a large number of posters here have been taken in by populist bull**** living in a fantasy world where there is always someone else to blame.

Mad_maxx

gnf_ireland wrote: »

Absolutely agree that as a nation we seem to be unable to have a grown up debate on important matters, and look beyond the fact the local politician fixed the road 5 years ago

And all of the above is not helped by the exceptionally short term views of politicians, even before we look at the candidates who run for office..

Take our pension crises as an example. It is an absolute ticking time bomb (like every other country in the western world), but we simply put our heads in the sand and it will go away. Keep increasing the current state pension, despite the fact that it will be completely unaffordable within a decade or two and the ponzi scheme will all come crashing down... Instead we discuss blasphemy

The pension crisis is unreformable, vast majority of the population supports the policy of plying the elderly with goodies.

Ush1

nthclare wrote: »

It's going to be worse than the last one.

Someone posting on this thread probably thinks they're on to a winner, beautiful wife, two cars nice house, 300% over priced.

Tommy Hilfiger or Ralph Lauren wardrobe, tacky handbags....

You know the usual tacky existence, no class whatsoever...

Five years time it'll be a different story.

I've seen it happen twice in the last 25 year's, still people are being lead by the carrot...

More of a Hugo Boss man myself.

the butcher

nthclare wrote: »

This is the tip of the iceberg.

Wait until the next bust.

I'd say 10% of the working population has a secure enough job to take out a mortgage.
It's win win for the financial sector.

Everything is wrapped up in red tape and contradiction.

Most financial sector job's, factories, retail businesses, the IT sector, the construction industry, none of these can foresee people lasting 35 year's in job.


Guard's can't even afford mortgages now, while back in the 80's and 90's a guard or prison officer could get a good mortgage support a family of 5
Now people can hardly live a humble lifestyle.

The quality of life aspect of this is greatly overlooked. These mortgages taken out in the last decade and more have been in the era of ultra low interest rates. 30+ year mortgages. Just hope to jaysus within that timeframe that your job has not been shipped overseas or automated or a race to the bottom...or interest rates go beyond what you can pay. We continue to have poor lending practices under a low interest rate era (Mortgage rules have improved things I'll agree).

Regards the farmer, of course you can compare the treatment of him to the more powerful and rich. Sean Fitz is a prime example. It's obvious that it's more cost effective to go after the most valuable estates. But we have the sheeple in the rat race blinding following the path to mediocrity. It's also absolute moral hypocrisy being shown by (some select) judges in the cases of repossessions.

The bank in question picked the worst option considering Roscommon has one of the lowest land valuations in the country. The amount of money spent in the courts and per day for the outside state security force. The only ones that would buy it now is vulture funds that will sit on it for decades. To the detriment of the local community. The optics alone are shameful.

There is no win-win here and it's not as black and white as some people make it out to be.

markodaly

Billcarson wrote: »

Well fu then. Your delusional. Seek medical help. Your some man. I'd be ashamed to call you an Irishman. But as you say you don't give a crap

Delusional? I don't believe in made up facts.