Tricked by Brian Lenihan into buying a house :O

bobblepuzzle · 07-02-2011 10:47PM #1

Just saw this poor guy on The Frontline who bought a house because Lenihan told us we had "turned the corner" in 2009 hahahaha :pac:, now he's screwed in negative equity and can't leave the gaf

I don't know whether to laugh or have pity

hotmail.com · 07-02-2011 10:48PM

Negative equity only affects you if you have to leave your house.

sdanseo · 07-02-2011 10:48PM

bobblepuzzle wrote: »

Just saw this poor guy on The Frontline who bought a house because Lenihan told us we had "turned the corner" in 2009 hahahaha :pac:, now he's screwed in negative equity and can't leave the gaf

I don't know whether to laugh or have pity

Well, I sniggered. The words "gullable fool" floated through my head the second he said it.

At least he's not as completely borked as someone who bought a house in 2005.

red menace · 07-02-2011 10:49PM

Well he was right we did turn a corner,
he just didn't mention it was for the worse

Aldebaran · 07-02-2011 10:49PM

We've turned so many corners that we're now back where we started.

bobblepuzzle · 07-02-2011 10:50PM

hotmail.com wrote: »

Negative equity only affects you if you have to leave your house.

Yeh, people must love paying a €400,000 mortgage on a house thats now worth €200,000... and faced with unemployment etc :rolleyes:

What? Oh Rly! · 07-02-2011 10:51PM

Reminds me of http://www.independent.ie/lifestyle/trapped-in-a-negative-equity-nightmare-after-dreams-of-city-apartment-living-turned-sour-1794601.html

Teferi · 07-02-2011 10:51PM

I thought this was going to be a thread about that girl who keeps whinging about her apartment.

Mister men · 07-02-2011 10:52PM

Serves him right same goes for anyone buying now.

melekalikimaka · 07-02-2011 10:52PM

a fool and his money yadda yadda

Run_to_da_hills · 07-02-2011 10:53PM

hotmail.com wrote: »

Negative equity only affects you if you have to leave your house.

Not necessarly, it can effect you mentally if you know that your house is only worth half what you paid for it and then knowing at that you still haven't a hope in hell of selling it. Examples would be those living in ghost estates.

JONJO THE MISER · 07-02-2011 10:55PM

And his a teacher no less, if this is who is teaching our kids no wonder there gone haywire.

sideswipe · 07-02-2011 10:57PM

Mister men wrote: »

Serves him right same goes for anyone buying now.

I'm sorry but nobody deserves this noose around their neck weather they made bad decisions or not. Not everybody is as smart as you obviously.

melekalikimaka · 07-02-2011 11:00PM

Mister men wrote: »

Serves him right same goes for anyone buying now.

it shows complete lack of thought imo but i wouldnt wish this on someone... hard lesson learnt

clossarock · 07-02-2011 11:00PM

It's not so very long ago that people were bumming and blowing, over a latte about the 'profit' that was made since buying the property, we are where we are, and yes it only applies when for sale, just like all investments it is heavily dependant on the markets

Greenmachine · 07-02-2011 11:02PM

One of many victims of the Fine Fail machine. Won't bother with the I told ya so's. Plenty of people I know bit the proverbial bullet despite my protests and are in a similar position.

Duckworth_Luas · 07-02-2011 11:22PM

If the poor chap believed Lenny every time he told us we'd turned the corner he's be a property magnate by now. In fact he'd probably have bought that tacky pile in the other thread for a lark.

bleg · 07-02-2011 11:25PM

Can't take responsibility for his own mistakes....

TeddyTedson · 07-02-2011 11:29PM

I wonder how much lower house prices will fall. I'd say at least another 2 years anyway.

MagicMarker · 07-02-2011 11:30PM

I saw him, what a gobshíte, and he's a teacher too! Must be a P.E teacher or something because I don't understand anyone being that stupid.

And the woman before him, buying a small house in Inchicore and now complaining that it's too small after having 2 kids. WTF did you buy a small house for if you intended on having kids you fúcking dope!!?

07-02-2011 11:39PM

was alison on

tonycascarino · 07-02-2011 11:44PM

More fool him for actually believing a politician.

Mister men · 07-02-2011 11:44PM

It still astounds me that people are buying at the present prices after all we have been through.

lamai · 07-02-2011 11:52PM

Mister men wrote: »

Serves him right same goes for anyone buying now.

TWAT

orourkeda · 08-02-2011 12:01AM

What? Oh Rly! wrote: »

Reminds me of http://www.independent.ie/lifestyle/trapped-in-a-negative-equity-nightmare-after-dreams-of-city-apartment-living-turned-sour-1794601.html

I know the author is derided in these parts but that article just gets better and better.

Not the quality of the writing necessarily but it illustrates the stupidity and madness of irish people.

orourkeda · 08-02-2011 12:03AM

Somehow I dont feel as bad about my mistakes after hearing that other people have been infinitely more stupid than me.

Celly Smunt · 08-02-2011 12:03AM

Teferi wrote: »

I thought this was going to be a thread about that girl who keeps whinging about her apartment.

no,as she has outlined before it's no joke,its really serious

08-02-2011 12:07AM

sdonn wrote: »

At least he's not as completely borked as someone who bought a house in 2005.

I think 2005 wouldn't be the worse, 2007 was I think, they went looney altogether in 2006 iirc.

The woman who bought the little house in Inchicore was no doubt hoping to turn a quick profit and use the money to trade up. Jobwise she is in a pretty bad place too from the sounds of it. The teacher dude was a bit looney buying when he did, still, hindsight and all that.

Bruthal · 08-02-2011 12:09AM

hotmail.com wrote: »

Negative equity only affects you if you have to leave your house.

Does it? So it means nothing that they can now not sell it without having a large debt so are trapped, or if they cant continue to pay mortage they cant just sell it to clear loan, or that they could of bought it far cheaper later on than when they did.

AlmightyCushion · 08-02-2011 12:10AM

lamai wrote: »

TWAT

Banned.

melekalikimaka · 08-02-2011 12:10AM

robbie7730 wrote: »

Does it? So it means nothing that they can now not sell it without having a large debt so are trapped, or if they cant continue to pay mortage they cant just sell it to clear loan, or that they could of bought it far cheaper later on than when they did.

... still only if you sell

Tricked by Brian Lenihan into buying a house :O

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