Your line is weak but your point is strong: Liveline from 10th January

28-01-2021 03:00PM

BPKS wrote: »

I thought she said they got help from the council to build the bathroom

Swiftly skimmed across.....

withless · 28-01-2021 03:00PM

Pen clicked - good luck!

statto25 · 28-01-2021 03:00PM

I dont mean to be rude except when I mean to be very rude

generalgerry · 28-01-2021 03:01PM

Thanks to Brendan for "checking" Joe today.

Roger_007 · 28-01-2021 03:01PM

NIMAN wrote: »

I can guarantee one thing, and I'll bet my own mortgage on it, that the last point allowed to be made today WON'T by by Brendan Burgess

Bingo!

Jordan 199 · 28-01-2021 03:01PM

SEPT 23 1989 wrote: »

some bathroom for 45k

Built in TV with video games consoles.

BPKS · 28-01-2021 03:01PM

NIMAN wrote: »

I can guarantee one thing, and I'll bet my own mortgage on it, that the last point allowed to be made today WON'T by by Brendan Burgess

Winner alright

sligojoek · 28-01-2021 03:01PM

Lisa buh buh produce

Ray Da nex

lazygal · 28-01-2021 03:01PM

Do none of the borrowers not know there's no free money when you borrow?
It reminds me of people taking out variable mortgages and then complaining when the rates go up.

PieOhMy · 28-01-2021 03:01PM

That was great! One for the list of gold for sure!

Ray messing up the handover lol

Denny61 · 28-01-2021 03:01PM

Something not right about these absurd figures from people ringing in ..

odyssey06 · 28-01-2021 03:02PM

I hope when I am 75 and want to enjoy retirement and have my own house I can get a LIFE LOAN to go off on a year long cruise.

28-01-2021 03:02PM

in fairness these loans are almost loan shark levels of interest, just without the threat of losing your knees

ButtersSuki · 28-01-2021 03:02PM

SEPT 23 1989 wrote: »

some bathroom for 45k

I've recently started watching property porn videos on YouTube - American Realtors selling trophy houses and doing tours of same. One "apartment" in Miami had over US$2million spent on the bathroom. It was very nice in fairness, but I'm not sure even if I had the money I'd go to those extremes.

bottlebrush · 28-01-2021 03:02PM

I'm wondering If these people thought they didnt have to pay any interest at all.

bigroad · 28-01-2021 03:03PM

You just know by the sons and daughters ringing in that they got a nice chunk of the parents loan.

NIMAN · 28-01-2021 03:03PM

lazygal wrote: »

Do none of the borrowers not know there's no free money when you borrow?
It reminds me of people taking out variable mortgages and then complaining when the rates go up.

Irish people appear to be a lot dumber when it comes to money, or at least they hate paying it back.

Its time our youngsters were taught about personal finance in schools, if they aren't already.

And throwing out a "we bailed out the banks" doesn't mean you should get a loan you took out cancelled for free.

Atlantic Dawn · 28-01-2021 03:03PM

Tomorrow...people who took out interest only mortgages surprised they need to pay the full amount at the end of the term.

lazygal · 28-01-2021 03:03PM

Denny61 wrote: »

Something not right about these absurd figures from people ringing in ..

Either their parents weren't honest about what they borrowed or those putting on the beal bocht want to make themselves sound worse off.
Selling a house after a death is a common occurrence. I don't know why the callers frame it as a terrible outcome.

Mena Mitty · 28-01-2021 03:04PM

NIMAN wrote: »

Surely if you take out one of these loans, you are told that the 42k will be 137k after 15 years?

The caller Brendan said as much.

Examples of what's owed at 5, 10 and 15 years were in the brochure back in the early 2000's.

lazygal · 28-01-2021 03:05PM

NIMAN wrote: »

Irish people appear to be a lot dumber when it comes to money, or at least they hate paying it back.

Its time our youngsters were taught about personal finance in schools, if they aren't already.

And throwing out a "we bailed out the banks" doesn't mean you should get a loan you took out cancelled for free.

My parents always drilled into us that while taking out a loan can be a finacially wise choice it HAS to be paid back and savings from your earnings are non negotiable.

They would laugh at the notion of borrowing against their home for a holiday, wedding or home improvements.

My siblings and I all paid for our own weddings. Borrowing money for party FFS.

golondrinas · 28-01-2021 03:07PM

shearforce wrote: »

in fairness these loans are almost loan shark levels of interest, just without the threat of losing your knees

I remember my mortgage being over 16%. If I took out one of those loans I’d have to buy a second house to surrender with my own to clear the debt.

ShamNNspace · 28-01-2021 03:07PM

Our Joe is a big fan of the infantilisation of people where financial matters are concerned and personal responsibility never comes into it, some utopia he lives in where actions dont have consequences and the money tree never runs dry

28-01-2021 03:07PM

lazygal wrote: »

My parents always drilled into us that while taking out a loan can be a finacially wise choice it HAS to be paid back and savings from your earnings are non negotiable.

They would laugh at the notion of borrowing against their home for a holiday, wedding or home improvements.

My siblings and I all paid for our own weddings. Borrowing money for party FFS.

Madness, borrowing for weddings etc.

28-01-2021 03:09PM

ShamNNspace wrote: »

Our Joe is a big fan of the infantilisation of people where financial matters are concerned and personal responsibility never comes into it, some utopia he lives in where actions dont have consequences and the money tree never runs dry

He has a bee in his bonnet over lost investments, and I bet Bank of Ireland comes into it somewhere, where he didn't read the small print, or that some investment he helped initiate for his mother didn't go as planned.

odyssey06 · 28-01-2021 03:10PM

shearforce wrote: »

in fairness these loans are almost loan shark levels of interest, just without the threat of losing your knees

A loan shark charging 6% interest?

gmisk · 28-01-2021 03:11PM

That was brilliant...Joe just kept calling more and more backup...he was absolutely wrecked!

28-01-2021 03:11PM

NIMAN wrote: »

Irish people appear to be a lot dumber when it comes to money, or at least they hate paying it back.

Its time our youngsters were taught about personal finance in schools, if they aren't already.

And throwing out a "we bailed out the banks" doesn't mean you should get a loan you took out cancelled for free.

I always remember the compound interest lesson at school, where we were reminded that loans could be costly... that was back in early 70s.

gmisk · 28-01-2021 03:13PM

bigroad wrote: »

You just know by the sons and daughters ringing in that they got a nice chunk of the parents loan.

One of them admitted his mum handed him an envelope with a load of money....
He didn't hand it back or march her to the bank...

lazygal · 28-01-2021 03:15PM

gmisk wrote: »

One of them admitted his mum handed him an envelope with a load of money....
He didn't hand it back or march her to the bank...

Or pay gift tax on it to bail out the banks.....

Your line is weak but your point is strong: Liveline from 10th January

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