longtomsilver Posted October 14, 2010 Share Posted October 14, 2010 Dublin is such a drab European city. Why? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted October 14, 2010 Share Posted October 14, 2010 yes, it would be completely stupid not to,, the reality is she will never clear the mortgage, might as well get it over and done with, the quicker she can get back a normal rating, leave it to the taxpayer to sort it (which they wont in the end anyway as they will also default) Dont you want them strung up though? These idiots have put my house buying ambitions on hold for nearly 4 years now. Its not schadenfraude, i genuienly want everyone who bought post 2003 and cant pay their bills to face some kind of torture or long jail sentence. Yes the lenders have a lot to answer for, but borrowing mass amounts of money with no serious plan to pay it back is no different to theft IMO. If i was Cameron, there would be thousands of heads on pikes, be in no doubt of that, my friend. Quote Link to comment Share on other sites More sharing options...
Traktion Posted October 14, 2010 Share Posted October 14, 2010 Just out of interest... If you were in her position would you declare yourself bankrupt and walk away? Yes. It's a shame jingle mail isn't an option this side of the Atlantic too. It's also a shame that the banking system has become risk free in the eyes of many savers. Of course, the risk never really went away - the defaults on savings have just come via the printer, rather than the hair cuts. Strangely, even now, people are holding onto wads of Sterling and wringing their hands about money printing... you decimate the asset side (loans) of the balance sheet and liabilities side (deposits) are going to get hit one way or another. It's inevitable. Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted October 15, 2010 Share Posted October 15, 2010 Weird innit? Help Alison and her 525k mortgage. I'm sooooo screwed. Negative equity is really depressing. Please have some sympathy for me. 5 hours ago · View Feedback (2)Hide Feedback (2) * * * o Margaret Write an article about it and get it published. Go on, you know you want to. 2 hours ago · o Help Alison and her 525k mortgage. Do you think that would work? I went to the Sun and the Star, but they told me that I'm far too classy for an editorial in their papers. Maybe the Sindo or the IT may be willing to help me. about an hour ago · 1 personLoading... · Wicked ******er. Brilliant. Quote Link to comment Share on other sites More sharing options...
200p Posted October 15, 2010 Share Posted October 15, 2010 (edited) Hey, just got a brainwave. A HPC call to arms... You too can set up a viral bear propaganda campaign. You can either: 1. Forward the link of this lady to your facebook friends. Encourage them pass it on to 5 other people. And so on 2. Create profiles of people, who are in similar dire straights, and forward them on. The more people you create with mortgage woes, the better. This is the INFO-WARS! Haha, that'll put a cat amongst the pigeons. Edited October 15, 2010 by Money Spinner Quote Link to comment Share on other sites More sharing options...
Menie Posted October 15, 2010 Share Posted October 15, 2010 Unfortunately in ROI the bankruptcy laws are draconian. Her debt would not be discharged for 12 years. So she could be chased for money for 12 years. Yeah good... she shouldn't buy it at the first place.. Mummy and daddy might have to pay her mess.. In France u cannot go bankrupt as easy than in uk coz most of the time u must to have the name of an other person in case u can't repay ur mortgage.. Which tends to bring morons more realistic.. Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted October 15, 2010 Share Posted October 15, 2010 A move to England and declare bankrupcy is the only financially sensible option. Leave the loss with the banks, its just an overpriced flat and a contract. No point losing most of her future income over it. I wouldn't have thought her marriage prospects would be that good with a negative net value in the hundreds of thousands. Quote Link to comment Share on other sites More sharing options...
ShedDweller Posted October 15, 2010 Share Posted October 15, 2010 I guess she can take solace in the fact that the people buying for €190,000 will be in the same position as her in two years time when the flats are selling for €70,000 .. Quote Link to comment Share on other sites More sharing options...
Spoony Posted October 15, 2010 Share Posted October 15, 2010 What a stupid bimbo Quote Link to comment Share on other sites More sharing options...
singlemalt Posted October 15, 2010 Share Posted October 15, 2010 €525k!!! The ceiling on these places will probably never again be what she paid for it. There's got to be a arguement in there somewhere for taking the hit and walking away. She's still young enough to start again. Quote Link to comment Share on other sites More sharing options...
dryrot Posted October 15, 2010 Share Posted October 15, 2010 What a stupid bimbo From our colleagues at the Property Pin http://www.thepropertypin.com/viewtopic.php?f=4&t=33574 "Words fail me... ... except to say, Allison, it's not the first time you lost your shirt down the docklands. http://www.independent.ie/national-news/naked-ambition-puts-snappy-undressers-in-the-frame-1418390.html " !!! Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted October 15, 2010 Share Posted October 15, 2010 I agree with the sentiment here that Ali should come to the UK and go down the bankruptcy route. It's galling that we will get an influx of EU bankruptcy tourists on top of the indigenous debtors. I have never run up huge debts, spent beyond my means on bling or foreign holidays and now expect the small pot I have set aside for a home will be decimated (5p in the £ if I'm lucky!) by the reckless banks and borrowers. Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted October 15, 2010 Share Posted October 15, 2010 a limit edition photo no less! must be worth a mint. Quote Link to comment Share on other sites More sharing options...
Freeholder Posted October 15, 2010 Share Posted October 15, 2010 http://www.independent.ie/national-news/money-woes-left-me-cut-off-from-the-basics-2307283.html Uberwhinge Quote Link to comment Share on other sites More sharing options...
dryrot Posted October 15, 2010 Share Posted October 15, 2010 Hi Ali wrote: "as I read the Grand Canal brochure describing the bathrooms as “white and grey flecked marble with high-spec chrome fittings, heated towel rails and mirrored cabinets”," Reading the brochure one-handed, I fear Quote Link to comment Share on other sites More sharing options...
Rare Bear Posted October 15, 2010 Share Posted October 15, 2010 (edited) She looks like a 'nail technician', or similar Nice view over the Royal mail distribution centre though (or the Irish equivalent) I MEAN WTF ARE THESE MORONS THINKING???!!! Do they have some sort of crazed image in their head of sitting out on the two sunny days of the year, freezing their balls off in the force 8 sea 'breeze' whilst watching a load of ford transits getting loaded up. What the hell is wrong with people. You could get a decent detached house for 500k Funny you mention 'nail technician'. I visited the place in Ireland that I come from a couple of years ago and I remarked on the number of nail grooming places in the twon. Small tow, Donegal, population about 5,000 and I spotted 4 of them. A cousin of mine reckoned that there was a generation there now who had only ever known lots of money. Edited October 15, 2010 by Rare Bear Quote Link to comment Share on other sites More sharing options...
GreenWarwick Posted October 15, 2010 Share Posted October 15, 2010 I guess she can take solace in the fact that the people buying for €190,000 will be in the same position as her in two years time when the flats are selling for €70,000 .. Absolutely correct. Moved back to Dublin after a long time away. Saw at first hand various UK property crashes so realised the same BS was happening in Ireland.. But back in Ireland we were constantly told that we were "different and that a "soft landing" was imminent. Of course the weasel Bertie Ahern was responsible for a lot of it as he was a whore for the property pushers. (Incidentally the same piece of work is now advertising the News of the World despite maintaining his politician's benefits). A few years ago a bearish female journalist identified single twentysomething females as the main dynamic behind the Irish Bubble. Sadly she was right as the moronic experience of O'Riordan demonstrates. In the modern phase of capitalism where we make nothing, a lot of money is earned from micro markets like the young female demographic or the gay pound. Irish women fell for it hook line and sinker and completely bought the sales patter. A few bearish Irish guys I knew were suckered into the nonsense by their "better" halves. Peope like me suffered wholsale verbal abuse from female property buyers because we would not be hoodwinked. I remember me and a mate being called "losers" by a female banker in a pub when she discovered to her horror that we didn't own. Only yesterday there were clamours in Dublin for a bailout for those in negative equity. Don't be surprised if this happens. It would turn my stomach if my taxes were to be used to bail out Ms O'Riordan and fellow dupes Quote Link to comment Share on other sites More sharing options...
Bear Monger Posted October 15, 2010 Share Posted October 15, 2010 What a joker - no sympathy here. The real issue is who lent her the money in the first place? You don't need any qualifications to take out a huge mortgage but you should certainly have some to hand out a mortgage. The banks who lent this money deserve to go to the wall. Quote Link to comment Share on other sites More sharing options...
JustAnotherProle Posted October 15, 2010 Share Posted October 15, 2010 This really is pretty sad : Trapped in Negative equity Nightmare I will have 480 repayment instalments over the next 40 years; it really is an imprisonment of sorts. Eye watering debt pretty much forver....living the dream eh Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted October 15, 2010 Share Posted October 15, 2010 This really is pretty sad : Trapped in Negative equity Nightmare Eye watering debt pretty much forver....living the dream eh It was, however, weeks before the collapse in the middle of 2008, when prices tumbled. I ignored repeated warnings both from my parents and the Central Bank and instead ploughed in head first and handed over the money. Kids know best, eh? Quote Link to comment Share on other sites More sharing options...
GreenWarwick Posted October 15, 2010 Share Posted October 15, 2010 This really is pretty sad : Trapped in Negative equity Nightmare Eye watering debt pretty much forver....living the dream eh But beware: the property pushers are at it again. Have a read of this to see how they try to sugarcoat and spin even the direst of situations......... "Hardy Irish Souls Tiptoe Into Nation's Ghost Estates ." http://online.wsj.com/article/SB10001424052748703735804575535513394082450.html?mod=WSJ_topics_obama They never give up do they? Quote Link to comment Share on other sites More sharing options...
the flying pig Posted October 15, 2010 Share Posted October 15, 2010 But beware: the property pushers are at it again. Have a read of this to see how they try to sugarcoat and spin even the direst of situations......... "Hardy Irish Souls Tiptoe Into Nation's Ghost Estates ." http://online.wsj.com/article/SB10001424052748703735804575535513394082450.html?mod=WSJ_topics_obama They never give up do they? quality, quality journalism. i particularly liked: "At current prices, it is also frequently as cheap to buy as it is to rent." classic bubble mentality, take it as a given that buying will be far more expensive but accept that it's the norm and therefore perfectly sensible. Quote Link to comment Share on other sites More sharing options...
ant1980 Posted October 15, 2010 Share Posted October 15, 2010 Quote The market’s collapse is the worst thing that has happened many young people of my generation. im 30 and the worst thing was discovering WWF wrestling was fake I mean how! why? Quote Link to comment Share on other sites More sharing options...
BreakingWaves Posted October 18, 2010 Share Posted October 18, 2010 And on MSE............ http://forums.moneysavingexpert.com/showthread.php?t=2798214 Quote Link to comment Share on other sites More sharing options...
MrPin Posted October 19, 2010 Share Posted October 19, 2010 Nice view of a car park! OK if you like that thing! Quote Link to comment Share on other sites More sharing options...
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