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Pensioners evicted from their home today!!

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Comments

  • #632
    Wile E. Coyote
    Registered Users, Registered Users 2 Posts: 1,560 ✭✭✭Wile E. Coyote


    true wrote: »
    kincsem wrote: »
    On Vincent Brown TV3 he said they bought (or owned) eighteen properties.

    that was their business ( after they sold their Irish shops in Germany ).

    People need somewhere to live. They were professional landlords. The government encouraged people to become landlords and invest in the Ireish economy and provide accomodation through its section 23 schemes. They were doing the patriotic thing and creating (they thought ) a viable financial future for themselves and jobs and accomodation for others.

    Are you having a laugh? Since when is not paying your mortgage the patriotic thing to do? It doesn't matter if he was a professional landlord, he didn't pay the mortgage on the house he was living in and got kicked out. That's what happens.


  • #633
    sunflower27
    Closed Accounts Posts: 4,822 ✭✭✭sunflower27


    I wonder how they are finding the tent. The house behind them has 5 bedrooms!!!!


  • #634
    Wile E. Coyote
    Registered Users, Registered Users 2 Posts: 1,560 ✭✭✭Wile E. Coyote


    sunflower27 wrote: »
    I wonder how they are finding the tent. The house behind them has 5 bedrooms!!!!

    Well they've a bigger bathroom now than they ever had. That has to be a plus.


  • #635
    goodie2shoes
    Banned (with Prison Access) Posts: 702 ✭✭✭goodie2shoes


    oppenheimer1 wrote: »
    A €2.2m mortgage on a 20 year term attracts a monthly payment of about €12k. Yikes, you'd struggle to rent that for that price I'd say.

    is that capital & interest?
    given their ages the bank could have accepted an interest only option.
    on their deaths the property could then revert to the bank by which time the market will have improved.


  • #636
    sunflower27
    Closed Accounts Posts: 4,822 ✭✭✭sunflower27


    Wile E. Coyote wrote: »
    Well they've a bigger bathroom now than they ever had. That has to be a plus.

    :D

    I do wonder how they are coping slumming it.

    Wonder if the neighbours are popping by or ignoring them?


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  • #637
    micropig
    Closed Accounts Posts: 2,366 ✭✭✭micropig


    Why didn't they rent out the 4 vacant bedrooms to tenants if they were that hard up?


  • #638
    true
    Banned (with Prison Access) Posts: 1,325 ✭✭✭true


    I'm sur the elderly couple are sorry they ever sold their business in Germany and came back to - and investyed in - this little **** of a country which the banks, government and regulator screwed up.


  • #639
    goodie2shoes
    Banned (with Prison Access) Posts: 702 ✭✭✭goodie2shoes


    micropig wrote: »
    Why didn't they rent out the 4 vacant bedrooms to tenants if they were that hard up?

    and have common muck residing in one's demense?!!:mad:


  • #640
    Wile E. Coyote
    Registered Users, Registered Users 2 Posts: 1,560 ✭✭✭Wile E. Coyote


    true wrote: »
    I'm sur the elderly couple are sorry they ever sold their business in Germany and came back to - and investyed in - this little **** of a country which the banks, government and regulator screwed up.

    Ah yes, blame the banks, the government, the regulator and anyone else you can shove some blame on rather than take a bit of personal responsibility.


  • #641
    micropig
    Closed Accounts Posts: 2,366 ✭✭✭micropig


    goodie2shoes wrote: »
    and have common muck residing in one's demense?!!:mad:

    Yes, quite right..better to sleep on the footpath & complain you had no other option:D


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  • #642
    true
    Banned (with Prison Access) Posts: 1,325 ✭✭✭true


    Wile E. Coyote wrote: »
    Ah yes, blame the banks, the government, the regulator and anyone else you can shove some blame on rather than take a bit of personal responsibility.

    its time the bankers, the government, and the regulator took a bit of pain. They are the ones who made the mess. Only in banana republics are such people paid more than their equivalents in first world countries. The bankers, the government, and the regulator are the reason the market is down 70% and the economy totally f****d.


  • #643
    goodie2shoes
    Banned (with Prison Access) Posts: 702 ✭✭✭goodie2shoes


    micropig wrote: »
    Yes, quite right..better to sleep on the footpath & complain you had no other option:D

    it might only be a canvas tent, but it's their tent.
    better to die with dignity, than to become a commoner!:p


  • #644
    Wile E. Coyote
    Registered Users, Registered Users 2 Posts: 1,560 ✭✭✭Wile E. Coyote


    true wrote: »
    its time the banks, the government, and the regulator took a bit of pain.

    Well to start with WE are the bank in question and I don't see why I should take on the burden of their mortgage.

    This couple aren't stupid, they didn't accidentally stumble into an INBS branch one day and walk out with a cheque for €2million. The purchase price of the house was €3.75mil so the obviously had huge equity and the cash to cover the balance.


  • #645
    oppenheimer1
    Closed Accounts Posts: 6,084 ✭✭✭oppenheimer1


    goodie2shoes wrote: »
    is that capital & interest?
    given their ages the bank could have accepted an interest only option.
    on their deaths the property could then revert to the bank by which time the market will have improved.

    Yeah I calculated that as a normal mortgage, at the standard variable rate of 3.04% (Todays best price afaik). Interest only wouldn't reduce it by that much as the bulk of the payments in the early years of a mortgage are interest.

    This couple could perhaps have gotten a better deal though.


  • #646
    kincsem
    Closed Accounts Posts: 4,012 ✭✭✭kincsem


    I wish I drove a roadsweeper truck.


  • #647
    true
    Banned (with Prison Access) Posts: 1,325 ✭✭✭true


    kincsem wrote: »
    I wish I drove a roadsweeper truck.

    the council workers driving roadsweeper trucks are the new millionaires.


  • #648
    Wile E. Coyote
    Registered Users, Registered Users 2 Posts: 1,560 ✭✭✭Wile E. Coyote


    true wrote: »
    its time the bankers, the government, and the regulator took a bit of pain. They are the ones who made the mess. Only in banana republics are such people paid more than their equivalents in first world countries. The bankers, the government, and the regulator are the reason the market is down 70% and the economy totally f****d.

    It may have escaped your notice but every economy in the world went tits up. It wasn't confined to Ireland and caused solely by the bankers here although plenty of people will have you believe that. This couple stopped paying their mortgage around 2006-2007. The economy wasn't exactly in the toilet then do what was their problem with paying?


  • #649
    dvpower
    Closed Accounts Posts: 9,183 ✭✭✭dvpower


    true wrote: »
    its time the bankers, the government, and the regulator took a bit of pain.

    Great idea. Let's make institutions take the pain so people don't have to.:confused:


  • #650
    goodie2shoes
    Banned (with Prison Access) Posts: 702 ✭✭✭goodie2shoes


    oppenheimer1 wrote: »
    Yeah I calculated that as a normal mortgage, at the standard variable rate of 3.04% (Todays best price afaik). Interest only wouldn't reduce it by that much as the bulk of the payments in the early years of a mortgage are interest.

    This couple could perhaps have gotten a better deal though.

    Good points!

    as an ex mortgage broker (Shhhhhh!) i would have thought with 18 rentals, many of which are debt-free a bit of restructuring & imagination might have been possible. somebody is not telling the full story methinks.


  • #651
    K-9
    Registered Users, Registered Users 2 Posts: 43,313 ✭✭✭✭K-9


    true wrote: »
    I'm sur the elderly couple are sorry they ever sold their business in Germany and came back to - and investyed in - this little **** of a country which the banks, government and regulator screwed up.

    Enough bull.

    Say Anglo was let go, what do you think would have happened this guy?

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



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  • #652
    ciarriaithuaidh
    Registered Users, Registered Users 2 Posts: 1,265 ✭✭✭ciarriaithuaidh


    "The Kellys had a mortgage of €2m with Irish Nationwide, and were served with a repossession order nearly two years ago"

    Read more: http://www.irishexaminer.com/breakingnews/ireland/evicted-couple-claim-bank-refused-to-talk-to-them-548136.html#ixzz1sZ3Mznga

    There goes any sympathy I might have had for them. Of course, the ridiculous mortgage approvals in this country is as much to blame as anything, but do they really expect sympathy here when we have hundreds of thousands of people on the poverty line and up to their eyeballs in debt? Really??


  • #653
    dark crystal
    Registered Users, Registered Users 2 Posts: 10,962 ✭✭✭✭dark crystal


    Some amount of schadenfreude going on in this thread!

    As far as I can see, this couple invested in property - something many people did and still do all over the world. I presume they've paid their fair share of tax along the way too.

    They bought a nice home to live in - no crime in that. If the banks came to the conclusion they were able to afford that mortgage, they must shoulder some of the blame there. Hindsight is 50 50....if people knew a recession was going to hit, I'm sure many of these mortgages wouldn't have been taken out.

    Yes, I agree not paying their mortgage for over two years is asking for trouble and I can't see why they couldn't work something out with the bank, or sell some of their other properties (I don't think there's been a clear answer to that question yet), but what I find kinda distasteful is the 'Fukc the rich basterds, I'm delighted to see them sleeping in a tent on the street' mentality.

    We're all great economists after the fact, but I wouldn't take too much pleasure on seeing anyone evicted from their homes.


  • #654
    Guy:Incognito
    Registered Users, Registered Users 2 Posts: 38,244 ✭✭✭✭Guy:Incognito


    My name is URL wrote: »

    Tbh, I just got angry when I seen the old man being forcibly removed from the premises. Maybe that's ageist as some have suggested already but meh.
    .

    They didnt swoop down from helicopters, SWAT style and smash in through the windows completely unnanounced.

    How long should the bailifs sit outside and shout through the letterbox till the people walk out? days? weeks?


  • #655
    Millicent
    Registered Users, Registered Users 2 Posts: 4,559 ✭✭✭Millicent


    dark crystal wrote: »
    Some amount of schadenfreude going on in this thread!

    As far as I can see, this couple invested in property - something many people did and still do all over the world. I presume they've paid their fair share of tax along the way too.

    They bought a nice home to live in - no crime in that. If the banks came to the conclusion they were able to afford that mortgage, they must shoulder some of the blame there. Hindsight is 50 50....if people knew a recession was going to hit, I'm sure many of these mortgages wouldn't have been taken out.

    Yes, I agree not paying their mortgage for over two years is asking for trouble and I can't see why they couldn't work something out with the bank, or sell some of their other properties (I don't think there's been a clear answer to that question yet), but what I find kinda distasteful is the 'Fukc the rich basterds, I'm delighted to see them sleeping in a tent on the street' mentality.

    We're all great economists after the fact, but I wouldn't take too much pleasure on seeing anyone evicted from their homes.

    It's not schadenfreude. It's a couple with a portfolio of eighteen properties who have not paid their mortgage and have been illegally squatting in a €3.5 million home in Killiney for two years. That means that it has been more than two years since they paid their mortgage. Also, comparing themselves to people who were evicted in the Famine is quite rightly sticking in a lot of people's craws.


  • #656
    Wile E. Coyote
    Registered Users, Registered Users 2 Posts: 1,560 ✭✭✭Wile E. Coyote


    Millicent wrote: »
    It's not schadenfreude. It's a couple with a portfolio of eighteen properties who have not paid their mortgage and have been illegally squatting in a €3.5 million home in Killiney for two years. That means that it has been more than two years since they paid their mortgage. Also, comparing themselves to people who were evicted in the Famine is quite rightly sticking in a lot of people's craws.

    They haven't paid for at least 4 years.


  • #657
    ciarriaithuaidh
    Registered Users, Registered Users 2 Posts: 1,265 ✭✭✭ciarriaithuaidh


    dark crystal wrote: »
    Some amount of schadenfreude going on in this thread!

    As far as I can see, this couple invested in property - something many people did and still do all over the world. I presume they've paid their fair share of tax along the way too.

    They bought a nice home to live in - no crime in that. If the banks came to the conclusion they were able to afford that mortgage, they must shoulder some of the blame there. Hindsight is 50 50....if people knew a recession was going to hit, I'm sure many of these mortgages wouldn't have been taken out.

    Yes, I agree not paying their mortgage for over two years is asking for trouble and I can't see why they couldn't work something out with the bank, or sell some of their other properties (I don't think there's been a clear answer to that question yet), but what I find kinda distasteful is the 'Fukc the rich basterds, I'm delighted to see them sleeping in a tent on the street' mentality.

    We're all great economists after the fact, but I wouldn't take too much pleasure on seeing anyone evicted from their homes.

    They hadn't made a mortgage repayment for 2 years...if they lived in Ballybrack they would have been out on their ear 12 months ago minimum.
    I'm not happy to see anyone evicted from their home or living on the street, but they are nowhere near the top of the list of people in bad situations in this country, thats all I'm saying.


  • #658
    [Deleted User]
    Posts: 25,611 ✭✭✭✭ [Deleted User]


    Am I reading it correctly that the eviction was ordered almost two years ago? In that case it must be almost 4 since they made any payment whatsoever. No schadenfreude here.


  • #659
    goodie2shoes
    Banned (with Prison Access) Posts: 702 ✭✭✭goodie2shoes


    dark crystal wrote: »
    Some amount of schadenfreude going on in this thread!

    As far as I can see, this couple invested in property - something many people did and still do all over the world. I presume they've paid their fair share of tax along the way too.

    They bought a nice home to live in - no crime in that. If the banks came to the conclusion they were able to afford that mortgage, they must shoulder some of the blame there. Hindsight is 50 50....if people knew a recession was going to hit, I'm sure many of these mortgages wouldn't have been taken out.

    Yes, I agree not paying their mortgage for over two years is asking for trouble and I can't see why they couldn't work something out with the bank, or sell some of their other properties (I don't think there's been a clear answer to that question yet), but what I find kinda distasteful is the 'Fukc the rich basterds, I'm delighted to see them sleeping in a tent on the street' mentality.

    We're all great economists after the fact, but I wouldn't take too much pleasure on seeing anyone evicted from their homes.

    it's funny how when folk learn one is a landlord owning 18 properties they have little sympathy for one?
    we Irish are a funny lot.........:rolleyes:


  • #660
    Millicent
    Registered Users, Registered Users 2 Posts: 4,559 ✭✭✭Millicent


    goodie2shoes wrote: »
    it's funny how when folk learn one is a landlord owning 18 properties they have little sympathy for one?
    we Irish are a funny lot.........:rolleyes:

    I can't tell if you're serious or not. If you are, why would anyone have sympathy for someone who is trying to paint himself as a victim despite being the composer of his own downfall?


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  • #661
    Wile E. Coyote
    Registered Users, Registered Users 2 Posts: 1,560 ✭✭✭Wile E. Coyote


    Millicent wrote: »
    I can't tell if you're serious or not.

    I'm detecting a note of sarcasm in ones post.

    Well at least I hope I am.


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