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Thread: Mortgage Arrears - latest stats

  1. #1
    Politics.ie Member Howya's Avatar
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    Default Mortgage Arrears - latest stats

    Latest stats from the central bank

    Primary Dwelling Houses
    143,000 loans in arrears
    plus
    80,000 loans restrucutured

    total of 223,000 loans out of a total of 792,000 - thats 28%

    some glimmer of good news is that the rate of arrears is falling slightly.

    Buy to Lets

    38,000 loans in arrears
    plus
    22,000 loans restrucutured

    total of 60,000 loans out of a total of 150,000 - thats 40%

    Central Bank of Ireland - Residential Mortgage Arrears and Repossessions Statistics: Q4 2012
    “Still paying, still to owe. Eternal woe! ” ― Paradise Lost, John Milton

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    What shocks me, is that 75% of them are still paying

    Builders, celebs, bankers, all going bankrupt never heard of moral hazard, while little joe still paying for it all.

    If they all stopped paying they would all get a deal, instead, only 25% will get it

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    Politics.ie Member gerhard dengler's Avatar
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    Default

    For those who like to read more detail.

    Owner Occupier Arrears at 31/12/20112



    Buy to Let arrears at 31/1/2012

    Politics.ie moderators should moderate instead.
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    Quote Originally Posted by Pinster View Post
    What shocks me, is that 75% of them are still paying

    Builders, celebs, bankers, all going bankrupt never heard of moral hazard, while little joe still paying for it all.

    If they all stopped paying they would all get a deal, instead, only 25% will get it
    How do they expect to extract the household charge from the 28% that can't pay their mortgage?
    Once your ability to function within society depends on a government controlled ID card then you are no longer a free citizen.

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    Politics.ie Member Burnout's Avatar
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    Quote Originally Posted by Pinster View Post
    What shocks me, is that 75% of them are still paying....
    Lets hope they keep paying, and start paying the property tax, septic tank charges and all the other taxes and increases that ENDA220'000kpa and Gimmiemore heaps on them. These politico-developers bankers MUST be kept in the manner affording their status in Irish society.

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    Quote Originally Posted by Mad as Fish View Post
    How do they expect to extract the household charge from the 28% that can't pay their mortgage?
    They can justify it in the same way they justify sacking 58 special needs workers while replenishing their wine cellars with expensive bottles of wine ,

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    Quote Originally Posted by Mad as Fish View Post
    How do they expect to extract the household charge from the 28% that can't pay their mortgage?
    Liens on the property presumably. If the house is sold, the tax is paid before anyone else gets money.

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    Politics.ie Member Asparagus's Avatar
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    Quote Originally Posted by Mad as Fish View Post
    How do they expect to extract the household charge from the 28% that can't pay their mortgage?
    How do they expect to extract a household charge from the 20 Odd % who are on either < 180 day into or just about to enter arrears.
    ANGER IS A POLICY, GET OFF YOUR KNEES

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    Politics.ie Member Disillusioned democrat's Avatar
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    Buy to let stat is a sick joke - rents have stabilized and even increased, and occupancy seems relatively good across many towns and cities, so unscrupulous land-lords are making out like bandits while the tax payer picks up the tab of recapping the banks.

    That's the area I'd like to see addressed immediately.....but two years into this government it seems our fearless leaders don;t see this as being as big a problem with as simple a fix as I and many others do...hmmmm, I wonder how many well connected FG and Lab Councillors and wannabes have extensive properties?
    The more things change....

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    Politics.ie Member Dublin 4's Avatar
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    This is from Dave "The Rave"'s tweet


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