More free houses..

I got the impression that part of the issue was the loan been sold several times.

Puts it back to square one each time from what I could see from the article.

jam_mac_jam wrote: »

https://m.independent.ie/business/personal-finance/property-mortgages/rentfree-how-do-you-get-away-with-not-paying-mortgage-for-nine-years-37818881.html?fbclid=IwAR1sPMfTD-TK82mTAYe8gwrEWRrnd9-FFbb0TFpyCXp0pAcEOv6gMyeUZu4

This couple have not paid their mortgage in nine years. Does this happen in other countries? This seems very strange to me and I wonder how many people out there are doing this and taking advantage of the reluctance to repossession. While everyone is busy pointing at the Margaret cashs of the world nobody seems to mind the middle classes getting free housing at cost to everyone else.

In fairness, I dont know how long she has lived with the husband, but they have only been married since 2014 according to the article. Until I read to the end of the article, Id wondered how they could even include her in the picture, they seem to explain themselves out if it, but if I was highlighted in such a way as to infer I hadnt paid my mortgage, Id be fairly pissed off, cant say I know what she's like but she may live there, but had no obligation to the mortgage as such, only since being married, but again, the other issues related to non payment had been going on for 4 years prior to that. On top of it, the mortgage seems to have been bought repeatedly, and while he may have been playing a waiting game, maybe it just did not seem any point if they were just going to be fecked out, ID say he has come out on top in that he got 9 years rent/mortgage free, but seems to say they'll be out in months?? the bank gets the property bank and sells it, be nice to avail of such a thing, dont think Id be able to as ID never likely get my foot back on the ladder again, he seems to be reasonably sorted in that he has a business so maybe he is connected???
Not sure why they're putting her face on it? Id probably have not paid any heed t the article at all if she wasn't on it as a bit of a known entity, as I wouldnt have heard of her husband.

lbc2019 wrote: »

Tis great if youre rich in Ireland. Get a free pass if youre rich! Cant be a family home if they werent married...

Well they are now and for the last 4-5 years, guess it does make it seem like he got a free ride, not sure a joe soap would have been able to hold out so long, but someone will probably be along with examples.

Fiery mutant wrote: »

This country is a basket case, and deserves everything that is coming down the road. When the next recession hits, the whole place is gonna dissolve into a puddle of piss and **** so deep it will take a generation for the country to recover.

My only hope is that when if we do recover, the leeches and vermin that permeate our country, were all left to rot in the depths.

Hopefully it wont ome to that, but the connected seem to fare better in terms of surviving

klaaaz wrote: »

Let's see if the posters who handed out their hatred to the Strokestown farmer and to Ms Cash over living in a "free home" will be along to condemn these wealthy two for living in an upmarket free home since 2010.

They are all as bad as each other just playing the game and sympathy card ,

Were living mortgage free for a decade while maintaining our previous lifestyle where is the mortgage payments going , champagne and designer wears

If you have not paid a cent on your house in over a year you should be turfed out on the street, end of. We are living in a basket case country where those paying their mortgages are paying one of the highest rates in the EU to susidise the defaulters.

jam_mac_jam wrote: »

https://m.independent.ie/business/personal-finance/property-mortgages/rentfree-how-do-you-get-away-with-not-paying-mortgage-for-nine-years-37818881.html?fbclid=IwAR1sPMfTD-TK82mTAYe8gwrEWRrnd9-FFbb0TFpyCXp0pAcEOv6gMyeUZu4

This couple have not paid their mortgage in nine years. Does this happen in other countries? This seems very strange to me and I wonder how many people out there are doing this and taking advantage of the reluctance to repossession. While everyone is busy pointing at the Margaret cashs of the world nobody seems to mind the middle classes getting free housing at cost to everyone else.

Both as bad as each other.

Cash is a freeloading leech who will go to her grave without contributing one positive thing to society and these two shouldn't have got away with not paying their debt for this long.

But do these "free houses" this thread refers to cost the tax payer anything ?

Do these " free houses" not actually save the tax payer money because the occupiers don't need social housing while they are housed in these "free houses"

Tenager is a US vulture fund who bought 2000 bad mortgages including this one from Bank of Scotland in 2014 . They knew what they were getting into its their business . Why the outrage on behalf of a faceless US debt collecting fund?

Find something worth getting outraged about .

Fiery mutant wrote: »

Whoever owns the mortgage is irrelevant. The fact is the normal people who pay their mortgage and help to further society, are subsidising these rodents.

How do they subsidise these non mortgage payers? Do you think if no mortgage in the country was in arrears that your mortgage repayments would drop as a result? If you do think that on what source of information do you base your view?

The problem with these faceless Vulture Funds is that the IRA does not know where to go to burn down their premises.

The problem is that the government hasn't built large scale council/corporation estates in at least a generation.
Who built Tallaght, Ballymun, Sallynoggin, Ballybrack?
There were always huge estates of council/corpo houses when I grew up.

So private developers and landlords are leaned on to fill in the gap in the States failed responsibilities.
Then laws are changed to give huge legal protection to tenants and mortgage holders because voters are complaining to the local politicians when they weren't getting stuff for free from non State entities.

I think there needs to be a means tested process for eviction. Those who can easily afford "basic" accommodation somewhere else locally, even if that means a drop in their quality of accommodation should be fast tracked out. That goes for rentals and mortgage payments.

It's politically harder, when it's someone with multiple kids and expecting everything for free. I nearly admire the Chinese model of social credits where they have started scoring people on how good a citizen they are. It would incentivise scroungers to be better citizens to get more from the state.

lbc2019 wrote: »

Their loans were bailed out by the taxpayers simple really

Not that simple and the taxpayer bailed out the banks If it was that simple now that the banks are back in profit why aren't they using this profit to pay off the national debt ?

Fiery mutant wrote: »

This country is a basket case, and deserves everything that is coming down the road. When the next recession hits, the whole place is gonna dissolve into a puddle of piss and **** so deep it will take a generation for the country to recover.

My only hope is that when we do recover, the leeches and vermin that permeate our country, were all left to rot in the depths.

Jayzus , apt username.

A puddle of piss so deep it will take a generation to recover ?