PetrolHead
Registered User
- Messages
- 300
Do ya know who annoys me the most on this topic.....
That bl**dy Matt Cooper on Today FM.
He seems to think the people of this country were entirely blameless for their situations... that it was all the big bad bankers... that 100% and interest only mortgages were "miss sold" and therefore the holders should be able to walk away from them... that pre-approved credit was an immoral method of ensnaring the poor borrowers into even more debt... that the property developers and bankers are all evil shepherds corrupting the easily lead flock of plebs........
The guy is an idiot.
In the one breath he talks of Ireland being a knowledge economy and a center for educational excellence and in the next he portrays the country as a bunch of mislead naives and innocents....
You can't have it both ways....
Orka is right however, it wasn't everyone who lost the run of themselves. Some borrowed well within their means, weren't swayed by avarice and actually paid heed to the wider economic environment... but we all had it good. This was a low tax nation with widespread employment and low interest rates and we all enjoyed the benefits of that. Even if you only borrowed within your means (I was offered over 100k more than I asked for by a broker who suggested some 'fudged' earnings figures) you still enjoyed those borrowings at a low rate of interest.
I am fully of the opinion that if you borrowed it, you owe it, and if you can't afford it, tough luck... you shouldn't have been so bloody stupid!!!
That bl**dy Matt Cooper on Today FM.
He seems to think the people of this country were entirely blameless for their situations... that it was all the big bad bankers... that 100% and interest only mortgages were "miss sold" and therefore the holders should be able to walk away from them... that pre-approved credit was an immoral method of ensnaring the poor borrowers into even more debt... that the property developers and bankers are all evil shepherds corrupting the easily lead flock of plebs........
The guy is an idiot.
In the one breath he talks of Ireland being a knowledge economy and a center for educational excellence and in the next he portrays the country as a bunch of mislead naives and innocents....
You can't have it both ways....
Orka is right however, it wasn't everyone who lost the run of themselves. Some borrowed well within their means, weren't swayed by avarice and actually paid heed to the wider economic environment... but we all had it good. This was a low tax nation with widespread employment and low interest rates and we all enjoyed the benefits of that. Even if you only borrowed within your means (I was offered over 100k more than I asked for by a broker who suggested some 'fudged' earnings figures) you still enjoyed those borrowings at a low rate of interest.
I am fully of the opinion that if you borrowed it, you owe it, and if you can't afford it, tough luck... you shouldn't have been so bloody stupid!!!