Tuesday, Apr 10, 2007
Irish Bank launches sub-prime lending service
RTE news: IL&P sets up new loans company
Irish banks are moving into the sub-prime debt business? now???? That's like deciding to fit a turbo-changer to the engines of the Titanic - after she struck the iceberg!
Posted by royston @ 10:38 AM (998 views) Add Comment
9 Comments
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1. uncle tom said...
Slightly off topic - but after spending some time out of the country, I've noticed that something has changed..
..flicking through the inane satellite channels, I noticed something missing - where have all the loan adverts gone? Have they been banned, or have they all got cold feet?
Curious!
2. royston said...
Uncle Tom,
Good point. Also what about the property porn programmes? - There a lot fewer of these now too. A few years ago you couldn't channel hop more than 3 times before coming across a "how to be a DIY property developer" programme. I know that Kirstie & gang are still cranking out material. But what happened to Sarah Beany, the two gays from Glasgow and Dick 'n Dom, etc.?
Does this reflect a major change in sentiment?
3. Utterlee said...
" But what happened to Sarah Beany, the two gays from Glasgow ?"
Sarah Beany is back on tomorrow and Colin and Justin are still regularly on Five and Five Life. I think there are just as many property programmes as there have ever been, to be honest.
4. sold 2 rent 1 said...
There is still a bunch of property porn about - especially in the day - as my wife with our 7 week old baby watches them.
I noticed that there is a trend of more "seller" programmes - as opposed to people just buying property.
As one area maxes out the programme makers move to an undeveloped area.
You will see a lot more people looking at houses in central Spain and France as the coasts are now maxed out.
Florida is a big no no .
We did have a laugh about the title changes that will occur by 2010.
"Property ladder" becomes "property slide"
"Relocation relocation relocation" becomes "repossession repossession repossession"
"To buy - home OR away?" becomes "reposesed home AND away"
5. sold 2 rent 1 said...
On the subject of Ireland
I got some odds from Paddy Power for Ireland crashing out of the euro.
12/1 for Ireland to leave the Euro currency by May 1st 2017 while the currency is still active
4/1 for Ireland to leave the Euro currency by May 1st 2017 due to the discontinuation of the Euro
6. Sam said...
intresting, S2R1. Although I think the € is a better bet than the dollar so not sure if it's likely to be discontiued any time soon esp if contries start trading oil in € rather than $.
7. Paulos said...
New series of Property Ladder starts tonight.
To be fair though, the Beanie has always made it clear that Property Developers should not rely on a rising market, and seems to hold in disdain those who make a bad job of it but get away with it because of the rising market.
8. uncle tom said...
Those bookies odds are quite interesting. Given that they never had much romantic attachment to their old currency, the Irish would probably be the last to leave the euro - even to the point of sticking with it when all the others had left!
The euro is achieving very little for it's participants, and is not noticeably 'harmonising' the countries that took part. It's a source of much brooding discontent, and the bookies odds on Italy or France leaving are probably less than generous...
9. sold 2 rent 1 said...
I was amazed at the low odds too.
Maybe the bookies are beeing greedy or they really think the whole euro break-up is possible