It’s sad to think that behind everyone of of those sensational distressed prices there’s probably a distressed person or family. It seems that only cashed up investors are the beneficiaries. I wonder though if we’ll see as much mattress money out again at this auction since the government is planning to increase the tax take from investors (prsi on unearned income)

People close to me berated me for not taking on a mortgage during the boom years – I just couldn’t get my head around the figures and the uncertainty of having to pay back such a vast sum and I am no economist. I remember hearing Eddie Hobbes and David Mc Williams saying ‘don’t buy’ – its not true that there was no good advice available during these years.

James Doyle, why would the gov stop the downward spiral? I didnt see them stopping the upward spiral……

I was sitting with a group of friends who don’t have mortgages and someone commented how lucky we are now and how suddenly it all changed – those who seemed on top are now the ones in trouble and we who seemed worse off had a lucky escape. People had the appearance of wealth but no real wealth during the boom. I remember my father pointing out that it was strange how young mothers were driving kids to school in suv’s and saying that things weren’t right. I have some sympathy for people – being put out of your home is horrible as any renter who is given short notice from a landlord knows. If the mortgage holders can be be allowed to stay in their homes and rent them back at the local authority rates though they will still have better rates of rent than those of us renting from private landlords.

Well Alan it’s as simple as this I’m in negative equity,I’ve been unemployed the last twelve months,I was let go in the construction trade makin my builder all his money,I’ve banks banging on my door threatening me that I’m goin to court to take the house off me,I’ve put every last cent to keep a roof over my head for me my wife and children,I bought in 2007,when times were good and the handing out mortgages like sweets to a child,I would give my right arm to get out and break even on the house,I don’t see anyone in government stepping in to control it.to be honest I’m f**ked I’m sure I’m not the only one,people can’t sleep at night with financial stress,dies that answer your question Alan!

Jim Bob,, ” I suppose you never considered the fact that you could lose your job”, , Like a lot of other people me included,,The Banks were literally throwing money at us,,Now to a logical thinker,and bearing in mind that a commonly used phrase was ” As safe as the Bank”, Banks up to then were not known for any kind of recklesssnes, if they said it was ok, well then it must have been, Bertie and Cowen, and McCreevy before them said it was ok,,we elected them to oversee the operation of our economy ,remember the ” They should go and commit suicide ” debacle. People who are young and with kids only ever wanted a place to call home, and at the rate the prices were rising they felt they had to move quickly, egged on by Govt and Financial institutions.
Value for money is a good thing,, But to prey and eploit the misery of your fellow man is just reducing yourself to the level of greed that has brought us to our knees. It may not be a moral dilemma for some of us,it is for me. A divide and conquer strategy will only work for so long , but you should always keep in your mind what will happen when the little people unite. We seem to have forgotten the lessons of history,,,again.

Jim bob your a heartless c**t,looks like I’m the only one in this country that lost my job house in negative equity and now might get taken off me,where’s my god dam bank bailout,big golden handshake,yeas the market is good now for young buyers,but what have I got?nothing but hardship for life,I look into my children’s eyes and see what good life I can give to them

When is the market ever goin to bottom out and start returning slowly.there is no plan or anything to stop this down ward trend,the government and banks are intent on strangling house prices

The government were warned from 2005 and they let this happen, they are compliant in the situation that people have found themselves in and are responsible, the Irish constitution states article45 2. iv That in what pertains to the control of credit the constant and predominant aim shall be the welfare of the people as a whole. They not only failed in this, they were compliant by not giving people the information that the bubble was going to burst, they exposed us to the ‘moral hazard’ of the banks and are making us pay for private bondholders debts..the list of unsecured anglo bondholders include the Rothschilds and investment companies whose customers can afford to invest over €2million.
This is not the odd person getting into trouble…THERE ARE 550 MORE REAL PEOPLE WITH FAMILIES GETTING INTO TROUBLE EVERY WEEK…..yes EVERY WEEK 550 MORE!!!!!!!!!!!!!!
after this budget this number will increase and over the next few budgets!!!!
I am hanging in by the skin of my teeth..who knows what will happen when the next budget bites..my husband is working all hours, but we are the working poor, we did not buy a big house, car, go on holidays etc, did not buy into the celtic tiger at all..but…compared to a 3 years ago we are down thousands and do not have anymore to give…and there are plenty more like myself.

Another horrible statistic 1 in 5 people are in trouble..again real people and families…look around you..most people are too asdhamed to say they are in trouble…1 in 5!!!! your friends and families homes could end up in this auction!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The banks are flooding the market with cheap property, killing any chance of (small though it was) for a distressed mortgage holder to try to sell up to clear their mortgage. There needs to be legislation brought in here to protect the market preventing banks from selling repossessions until things pick up. There can be no recovery until this happens, just mo and more repossessions followed by more fire sales and the circle continues.

Ireland is shagged, Banks are ignoring people that are really struggling, giving interest only options to mortgagee’s ongoing etc, is not addressing the issue that people that bought at the peak and now find themselves jobless are really in trouble. These mortgages should be reduced to market value. The only way out seems to be to hand back the keys to the bank or to wait for the bank to ask for them back. A write down of debt on unsustainable mortgages for people that have lost their jobs, is too much to bear for a lot of Irish people that HAVE NOT found themselves in the same predicament. The words “debt forgiveness” are deliberately used as the words conjure up IMAGES in most peoples minds a stream of people being let off the hook for something, followed with the internal question “what about me??, I did everything by the book all me life, I didnt have a holiday in 5 years bla bla bla…” It is very difficult for some people that have found themselves out of work like this and cant pay for the roof over their heads besides having a stream of hate projected from people who are lucky enough to be in a position to be still paying tax. If you are paying tax, you still have a job!! Begrudge Begrudge Begrudge… Ireland never changed.

The man organizing the eviction auction is named Stephen McCarthy, he is the boss of Space Properties, Space and Allsop jumped into bed together to make a killing from selling the homes of families that have been evicted.
Allsop Space Ltd have their registered office in 22-24 Foley Street Dublin 1.
I find it sad that people commenting on this post cannot agree on the fact that it is morally wrong for anyone to be made homeless while their are over 300,000 empty premises in the country.
At the moment the Irish deficit is €22.1billion, so far the banks have been given €24.4 billion, you do the maths!!!
The banks are being paid from every person that earns or spends a cent in Ireland and the are robbing us all blind, the increases in the upcoming budget is to pay bond holders, those increases would not be needed if it was not for a few mega wealthy industrial financiers losing their bets and the working/middle class are left to pay for them. 293,000 fewer people employed than this time last year because people cannot spend as they should in order to keep shops and small business open, 135,000 people made redundant in 2010 alone and you can be sure that a lot of those people had mortgages…. Is it right that they should lose their home? The banks need to pay back what they are getting and nobody is asking will they repay the money to the Irish people that they are taking. Irish children are being denied the education that we could afford to give them, Senior citizens are being denied the care they worked hard all of their lives for, everybody is being denied the health service that we pay PRSI for, infra structure developments have been put on hold, food has gone up, fuel has gone up, taxes have gone up and the only thing gone down is take home pay. More and more people are finding it hard to pay their mortgages and we should be united with them in our disgust at how every single one of us is being robbed by the government to give our money for our resources to foreign bond holders and the foreign investors that we are continuing to bail out. Stop Evictions, Stop Repossessions!!!!!

ANYONE!!!..that would enable the financial elite to evict couples & children or indeed anyone for that matter!!…is a LOW LIFE!!!! British or not???? read your history!!!!!..our people were evicted as well as starved by the Brits before….are WE GOING TO ALLOW THIS TO HAPPEN AGAIN??????????..have we any morality or sense of justice in this country????