Moving to the US to escape crippling debt

OU812 · 29-03-2013 02:16PM #1

Firstly, not me.

A collegue has been applying for every US job in the (American) company I contract for.

We were having a chat & I asked him what brought it about, he has elderly parents & fou kids, under 8.

He's trying to do it because of mortgage debt.

His wife has a house which is in extreme neg equity - two in the area sold for about 85k in the last year & she still owes 290k on the mortgage. Their own house is also in neg equity but nothing near that according to him.

While I wouldn't begrudge anyone a fresh start, obviously the bank will step in at some point and repossess wether they go or not, but couldn't they still chase him to the US?

I told him he was mad because if anything happened his parents, he couldn't come he & he scoffed saying its not likely there's be an apb on him entering the country.

Dtp79 · 29-03-2013 02:18PM

OU812 wrote: »

Firstly, not me.

A collegue has been applying for every US job in the (American) company I contract for.

We were having a chat & I asked him what brought it about, he has elderly parents & fou kids, under 8.

He's trying to do it because of mortgage debt.

His wife has a house which is in extreme neg equity - two in the area sold for about 85k in the last year & she still owes 290k on the mortgage. Their own house is also in neg equity but nothing near that according to him.

While I wouldn't begrudge anyone a fresh start, obviously the bank will step in at some point and repossess wether they go or not, but couldn't they still chase him to the US?

I told him he was mad because if anything happened his parents, he couldn't come he & he scoffed saying its not likely there's be an apb on him entering the country.

The days of leaving the keys back through the letterbox are long gone I'm afraid

stefan idiot jones · 29-03-2013 02:18PM

They will have no powers outside Ireland. Go, Go, Go. Live for today. No-one will be waiting for him at arrivals, ever.

token101 · 29-03-2013 02:21PM

stefan idiot jones wrote: »

They will have no powers outside Ireland. Go, Go, Go. Live for today. No-one will be waiting for him at arrivals, ever.

Yay, let's all go live in trees.

drdeadlift · 29-03-2013 02:21PM

Mr.S wrote: »

It'd probably work, but I doubt he'd ever be able to live or work in Ireland again. What happens if his visa doesn't get renewed or he looses the job in America?

I wonder does that apply the Drum?

DaveDaRave · 29-03-2013 02:21PM

so its technically move away and you recieve a few hundred K.

do it bro

Gumbi · 29-03-2013 02:23PM

DaveDaRave wrote: »

so its technically move away and you recieve a few hundred K.

do it bro

F*ck that. We all end up paying his mortgage then. Ultimately there has to be some kind of personal responsibility for the choices made by people during the Celtic Tiger.

DaveDaRave · 29-03-2013 02:25PM

Gumbi wrote: »

F*ck that. We all end up paying his mortgage then. Ultimately there has to be some kind of personal responsibility for the choices made by people during the Celtic Tiger.

f*ck that sh*t. YOLO

BrokenArrows · 29-03-2013 02:26PM

DaveDaRave wrote: »

so its technically move away and you recieve a few hundred K.

do it bro

No its not. You don't take the house with you!

Is say he will be fine. It's not a criminal offense its a private matter between him and the bank.

It would probably be easier just to apply for bankruptcy.

onionhead · 29-03-2013 02:27PM

I wouldn't do it personally but I could see why someone else would. It's crazy what a big debt can do to someone

Pilotdude5 · 29-03-2013 02:28PM

I have an idea for a movie series starring Steven Seagal, where he hunts down people like your colleague.

Nodin · 29-03-2013 02:29PM

token101 wrote: »

Yay, let's all go live in trees.

Under the sea,
under the sea,
There'll be no accusations, Just friendly crustaceans,
Under the sea.

stefan idiot jones · 29-03-2013 02:29PM

99% of people who are in this guys position would do anything for a fresh start and a clean break. Whether it be America or Armagh, just do it and start to live again.

Ally Dick · 29-03-2013 02:30PM

Pilotdude5 wrote: »

I have an idea for a movie series starring Steven Seagal, where he hunts down people like your colleague.

Or Dog the Bounty Hunter could get involved

stefan idiot jones · 29-03-2013 02:32PM

Ally Dick wrote: »

Or Dog the Bounty Hunter could get involved

Maybe this guy might end up in Hawaii ?:)

29-03-2013 02:32PM

Nodin wrote: »

Under the sea,
under the sea,
There'll be no accusations, Just friendly crustaceans,
Under the sea.

That's your answer for everything.

Dravokivich · 29-03-2013 02:33PM

hmmm... yes, go to the US, because personal debt doesn't occur there...

April O Neill · 29-03-2013 02:34PM

OU812 wrote: »

Firstly, not me.

Suuuuure.

:pac:

Thrill · 29-03-2013 02:34PM

America. The land of the free from dept.

token101 · 29-03-2013 02:34PM

DaveDaRave wrote: »

f*ck that sh*t. YOLO

There's personal insolvency legislation just down the track and the Irish mortgage crisis will be handled eventually because it has to be, but sure 'f*ck that sh*t and YOLO'. I hope people who this type of feckless decision to just shirk any responsibility are left saddled with the debt for good.

DaveDaRave · 29-03-2013 02:36PM

token101 wrote: »

There's personal insolvency legislation just down the track and the Irish mortgage crisis will be handled eventually because it has to be, but sure 'f*ck that sh*t and YOLO'. I hope people who this type of feckless decision to just shirk any responsibility are left saddled with the debt for good.

you only YOLO once

OU812 · 29-03-2013 02:38PM

April O Neill wrote: »

Suuuuure. :pac:

No, not me. I'm a contractor & not eligible to apply (although I'd love to). Not in his position either (thankfully - couldn't imagine what it's like to be overwhelmed by debt)

ejmaztec · 29-03-2013 02:44PM

token101 wrote: »

Yay, let's all go live in trees.

No more trees, they've all been chopped to supplement heating bills.:(

Latchy · 29-03-2013 02:45PM

Thrill wrote: »

America. The land of the free from dept.

If only Joe, if only .

ejmaztec · 29-03-2013 02:47PM

Pilotdude5 wrote: »

I have an idea for a movie series starring Steven Seagal, where he hunts down people like your colleague.

No, Bruce Willis in "Debt Hard".

KilOit · 29-03-2013 02:53PM

you get 1 life, do it!
Yes he kinda brought it on himself and we're left paying for it but he's not completely responsible for ****ing up this country and on a scale from 1 -10 he's about a 2 on damage he did

fasttalkerchat · 29-03-2013 02:56PM

stefan idiot jones wrote: »

99% of people who are in this guys position would do anything for a fresh start and a clean break. Whether it be America or Armagh, just do it and start to live again.

Let's not get carried away!

stefan idiot jones · 29-03-2013 02:57PM

OU812, stop reading this shyte and help your friend pack his bags.

Gumbi · 29-03-2013 02:58PM

KilOit wrote: »

you get 1 life, do it!
Yes he kinda brought it on himself and we're left paying for it but he's not completely responsible for ****ing up this country and on a scale from 1 -10 he's about a 2 on damage he did

You're right, I have to pay for his mistake. Seems fair.

Remmy · 29-03-2013 03:07PM

lol at that YOLO comment.

SouthTippBass · 29-03-2013 03:10PM

Gumbi wrote: »

You're right, I have to pay for his mistake. Seems fair.

No, its not fair on us. But you can be bloody well sure that if I ever find myself in that guys position, I'l be doing the same thing myself and feckin off as well. Tell your buddy go for it.

As far as I see it, Ireland hasnt done me any favours.

Moving to the US to escape crippling debt

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