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Thread: Only 10 evictions in Dublin, in the whole of 2012.

  1. #1
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    Default Only 10 evictions in Dublin, in the whole of 2012.

    I thought we were told prices were rising in Dublin and there was a shortage of decent houses on the market.
    Why aren't the banks trying to recoup some of our money they lost during the boom.
    What does this revelation tell us about the economy and the housing market?
    Number of evictions plummets as banks fear getting stuck with rows of empty houses - National News - Independent.ie
    Why bother paying your mortgage, if those who don't get to keep their gaffs?
    In Spain there are 80 evictions every DAY, yet only 10 in Dublin in one YEAR!!
    Who makes this policy decision?
    Surely they could start with those who have Buy to Let's and second homes and aren't making their payments.
    I'm pretty sure there are more than 10 of such in Dublin.
    Or is the market already flooded and they don't want us to know?

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    Politics.ie Member ruserious's Avatar
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    This is eaxactly what they want, the under classes turning on each other.
    Boycott the "Irish" Sun rag.

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    Politics.ie Member Feckkit's Avatar
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    Quote Originally Posted by Truth.ie View Post
    I thought we were told prices were rising in Dublin and there was a shortage of decent houses on the market.
    Why aren't the banks trying to recoup some of our money they lost during the boom.
    What does this revelation tell us about the economy and the housing market?
    Number of evictions plummets as banks fear getting stuck with rows of empty houses - National News - Independent.ie
    Why bother paying your mortgage, if those who don't get to keep their gaffs?
    In Spain there are 80 evictions every DAY, yet only 10 in Dublin in one YEAR!!
    Who makes this policy decision?
    Surely they could start with those who have Buy to Let's and second homes and aren't making their payments.
    I'm pretty sure there are more than 10 of such in Dublin.
    Or is the market already flooded and they don't want us to know?

    Yeah, yeah. Cos more evictions is the answer to everything.

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    Politics.ie Member b.a. baracus's Avatar
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    They could at least start with Buy to Lets as you said.
    I ain't gettin' on no plane

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    Quote Originally Posted by Truth.ie View Post
    I thought we were told prices were rising in Dublin and there was a shortage of decent houses on the market.
    Why aren't the banks trying to recoup some of our money they lost during the boom.
    What does this revelation tell us about the economy and the housing market?
    Number of evictions plummets as banks fear getting stuck with rows of empty houses - National News - Independent.ie
    Why bother paying your mortgage, if those who don't get to keep their gaffs?
    In Spain there are 80 evictions every DAY, yet only 10 in Dublin in one YEAR!!
    Who makes this policy decision?
    Surely they could start with those who have Buy to Let's and second homes and aren't making their payments.
    I'm pretty sure there are more than 10 of such in Dublin.
    Or is the market already flooded and they don't want us to know?
    They don't want the orse to fall out of the morket. They will increase rates to mitigate losses on borrowers who won't pay.

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    Politics.ie Member bonkers's Avatar
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    Quote Originally Posted by potholedogger View Post
    They don't want the orse to fall out of the morket. They will increase rates to mitigate losses on borrowers who won't pay.
    With most people in trouble it's not wont pay, its cant pay.

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    Quote Originally Posted by bonkers View Post
    With most people in trouble it's not wont pay, its cant pay.
    There are lots of investors who are trousering rents on multiple buy to regrets and not paying their mortgages at all!

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    With its connotations of homelessness, 'eviction' is the wrong word.

    When a buy-to-let property is repossessed, the living arrangements of the owner are unaffected.

    Around 30% of buy-to-lets are in default on the mortgage. And in many cases rent is being paid and the landlord is simply pocketing it.

    There is something profoundly dysfunctional about the lack of repossessions in Ireland.

    It's hard not to suspect that the banks are still insolvent, and that repossession on any meaningful scale would force them, from an accouting perspective, to recognise losses that they cannot cover.

    As is so often the case where propery matters are concerned, we have given the world yet another Irish solution to an Irish problem.

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    Politics.ie Member bonkers's Avatar
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    Quote Originally Posted by potholedogger View Post
    There are lots of investors who are trousering rents on multiple buy to regrets and not paying their mortgages at all!
    If there are the banks should be hitting them hard. Have you any link for this assertion?

  10. #10
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    Quote Originally Posted by bonkers View Post
    If there are the banks should be hitting them hard. Have you any link for this assertion?
    I know this from my own knowledge.

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