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Thread: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

  1. 22nd September 2008, 08:01 AM #1
    feargach
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    Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    I'm genuinely surprised at this.

    Kenny states that taxpayer-funded loans to buyers who have been refused mortgages by the banks is a bad idea.

    He has flatly stated that developers must "slash" the prices they are demanding for 75,000 homes, that they "do a Ryanair".

    This is a momentously brave stance, as most mortgage holders desperately want to think the 2006 valuations of their homes might come back in the short to medium term.

    Then again, if house prices have not achieved 2006 levels by the time of the 2012 election, those voters are unlikely to blame FG. It's only a risky strategy if Mr Cowen calls an election in the near future.
    When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?

    You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
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  3. 22nd September 2008, 08:12 AM #2
    greengoose
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    Maybe some taxpayers do not want to fund these loans....
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  4. 22nd September 2008, 08:12 AM #3
    digoutday
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    Kenny is 100% correct on this. Thet state sponsored loan is just a digout for the builders in disguise. Its simple, prices must fall.

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  5. 22nd September 2008, 08:13 AM #4
    feargach
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    This is the first mention of this policy on P.ie, is it not?
    When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?

    You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
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  6. 22nd September 2008, 08:15 AM #5
    digoutday
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    Quote Originally Posted by feargach
    This is the first mention of this policy on P.ie, is it not?
    Well, the first mention of FG's opinion on it...

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  7. 22nd September 2008, 08:21 AM #6
    feargach
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    Quote Originally Posted by digoutday
    Quote Originally Posted by feargach
    This is the first mention of this policy on P.ie, is it not?
    Well, the first mention of FG's opinion on it...
    So the policy's been mentioned elsewhere on P.ie then, by someone other than me?
    When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?

    You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
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  8. 22nd September 2008, 08:22 AM #7
    digoutday
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    Quote Originally Posted by feargach

    This is a momentously brave stance, as most mortgage holders desperately want to think the 2006 valuations of their homes might come back in the short to medium term.
    I dont know if I'd call this brave. He is standing up for what is right. He is calling a spade a spade. The builders will not be one bit happy. Seems to me that everybody ( even FF ), have been saying the market must be left alone, that there will be no builder bail out, Kenny is putting it up to them now. I resisted the urge to ruin my life with debt by buying an over priced ************************hole shoebox, and I dont want any state help to buy a place when I decide to buy one.

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  9. 22nd September 2008, 08:23 AM #8
    digoutday
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    Quote Originally Posted by feargach
    So the policy's been mentioned elsewhere on P.ie then, by someone other than me?

    I've not seen any mention of FG's opinion on it, the greens were talking about it last week I think. I dont read every thread there tho....

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  10. 22nd September 2008, 08:46 AM #9
    FutureTaoiseach
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    Kenny is right on this. Taking out loans to repay other loans is daft and irresponsible, and risks making whatever exposure the Irish economy has to sub-prime loans worse. But then what should one expect of a man who was Finance Minister when this mess started.
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  11. 22nd September 2008, 08:50 AM #10
    Andrew49
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    Re: Enda Kenny rejects gov't's State-loans-for-homebuyers policy

    Isn't he the leader of the party that suggested Eircom shareholders should be compensated for losses!

    The Bailout Party
    I watched with glee, while your kings and queens, fought for ten decades for the gods they made.
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