I nearly got sick when I read Minister Noonans comments on Mortgage cuts in todays Sunday Times in the business section.
Claiming "that many borrowers are content with rates that are the highest in Europe" Average 4.08% versus eurozone average of 2.07%.
Mr Brendan Burgess goes on to rubbish the ministers claims. Fine Gael more gains in latest opinion poll.
What do people be thinking?
By the way I dont have a mortgage bar a tracker on a RIP. The most vulnerable in society are getting screwed.
To keep it simple vulture fund buys over 200000 euro loan at say 50c in the euro It costs them 100000 euro.
A family genuinely struggling looses there home because they simply cannot pay a 200000 mortgage. They could afford to pay a 100000 mortgage.
Instead throw them out and let Welfare now pay the rent at lets just say 1450euro per month for ever. Am I missing something?
Makes a lot of sense Mr Noonan.
Claiming "that many borrowers are content with rates that are the highest in Europe" Average 4.08% versus eurozone average of 2.07%.
Mr Brendan Burgess goes on to rubbish the ministers claims. Fine Gael more gains in latest opinion poll.
What do people be thinking?
By the way I dont have a mortgage bar a tracker on a RIP. The most vulnerable in society are getting screwed.
To keep it simple vulture fund buys over 200000 euro loan at say 50c in the euro It costs them 100000 euro.
A family genuinely struggling looses there home because they simply cannot pay a 200000 mortgage. They could afford to pay a 100000 mortgage.
Instead throw them out and let Welfare now pay the rent at lets just say 1450euro per month for ever. Am I missing something?
Makes a lot of sense Mr Noonan.