Repossessions at their lowest level since 2010!

[Brendan Burgess]

https://twitter.com/seamuscoffey/status/1106162248614064128

Figures released by @centralbank_ie today show that there were 28 court-ordered repossessions of primary dwelling houses in Q4 2018. This is the lowest quarterly figure since 2010.

 

[Brendan Burgess]

And Séamus gives us this very interesting list of tsunami forecasts.

 

[NoRegretsCoyote]

Is this:

1. Policy by banks not to seek re-possession
2. Vultures controlling more of the book and more prone to make offers
3. Forced sales (especially with rise in house prices)
4. Fewer 'hard cases' in the system
5. Some combination of the above

I am a bit sceptical about (4) because the ultra-long arrears cases haven't really declined.

My own guess is that (2) and (3) explain a lot

 

[Delboy]

He's consistent, I'll give him that

David Hall‏ @davidhall75
https://twitter.com/davidhall75/status/1110535689039462400

Vultures pick on the carcasses of Irish home owners having been given big discounts from banks we bailed out. They will cause the tsunami. All steps must to taken to prevent sales of homes to vultures. I fully support #noconsentnosale bill from @PearseDoherty