Their, you mean their own place.

Also, people flocking to buy houses for way more than they are worth, with easy credit, is what got us into this mess. I don’t think we should repeat that.

Government intervention in property prices is the last thing we need. What we need is affordable homes that people can afford. Wait a year or two more and we’ll have more realistic prices.

"Their own place"

Daniel mortgage’s are been given out if you can afford it, just last week I was approved by 2 banks for one. On Saturday I put an offer on a house in swords, why I cleared my others debts first and now just have a wage with no liabilities. People only get refused if you have got debt or loans. And before you ask yes I have kids and car as liabilities but I manage my money well.

ill try that bank so cheers

Have you drawn down the money? Any old fool can get “approved”, banks are “approving” people left right and center. Come back when you have drawn down the money…

Property has been good value for the past year or so, unfortunately clowns like yourself won’t be happy until they’re free.

And if you find it amusing that property owners who bought a home at the peak of the market face a lifetime of debt because of your percieved ‘herd-mentality’, you’re a disgusting human being.

It’s still nowhere near good value for money, and that’s why people aren’t buying. There are buyers all over the world, they just aren’t buying here. Even our holiday homes in the west are empty. Ever ask yourself why? This doesn’t take a genius to work out.

No one forced anyone to buy a home, but the peer pressure was massive. I guess that’s when you have to take some personal responsibility for the choices you make in life. If they face a “lifetime of debt” it’s their own damn fault in my opinion.

I’m not questioning the fact that they have to take personal responsibility for their purchase.

I’m saying you’re a disgsting human being because you find it amusing they’re now indebted – probably for life – because they bought property at the wrong time.

Where’s the cat?

@ cpm I will file that in my “couldn’t give a feck” file.

I bought a house last year at a mortgage we could afford on one salary. It turns out that decision was the best decision i ever made as my girlfriend was made redundant 6 months after we bought the house. Although things are tighter financially i balance my books and plan.

I was in a position to buy in 2007 before the crash but elected to rent an apartment first for a year as the thought of shelling out 400k+ on a mortgage for a crummy house not worth half its value was too much to stomach. I think some people didnt think it through enough and are now unfortunately paying the price. Of course thats an over simplified view, some high earners could easily afford more expensive house but now find themselves out of work etc.

Laughing at someone else’s misfortunes and the stress and heartache of financial problems is something only a muppet like Nelson Muntz could find funny.

Your an idiot Daniel ,as long as prices are falling banks won’t lend on a deprecating asset. Those wishing to sell can’t as they will be in negative equity and the economy spirals down ,The end result being you loose you’re job!
Irish house prices were screwed by a lack of starter homes priced within the 5x average pay ie about 150k .This forced fist time buyers to lie beg and borrow to get on the ladder.One last thing because of house price falls we have to bail out banks, more falls ,more bailout’s .Whats funny is because of that, you, you’re Mrs and all you’re kids, owe about 50k each and you don’t even have a house to show for it ,

Your an idiot. I bought a house which I could easily afford. Then my wages got cut. Cut again. Cut again. Then the mortgage went up. My wages got cut and then had to pay extra tax, sorry levies. While I can still pay my mortgage think are alot tighter. At the end of the day it’s only a house. If I can’t afford it I’ll sell it. And no I’m not in neg equity. If you think your smug laughing at other people misery I’ll repeat myself. Your an idiot.

Interesting take Daniel; never mind the country has a sovereign debt crisis, the banking system has collapsed and had to be nationalized, there are 500,000 unemployed, and those in a job don’t know if they’ll have one tomorrow, the best and the brightest are leaving in droves, there’s a housing glut and you can’t borrow money…property isn’t selling because people think it’s not good value. You wouldn’t be still living at home and are being underwritten by the Bank of Ma & Da are you ?