There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

I feel that not only amongst business and capitalism, but amongst
ordinary people that Greed is their real religion here all around me .

Coming back to a house, when you have a house that you live in, to me
it makes sense that itt has no market value as your house is not for
sale un less you want to live in a hotel, lodging house or hostel or
whatever ?

Or you're going to emigrate .

But for the vast majority of home oowners in Ireland they are going to
live in their houses until they go to their graves ( this applies to
the USA, UK etc too ), so hoow cann their houses have any value except
in their wills,, and therefore how can they have negative equity, that
they're all complaining about.

Whether the banking crisis happened or not they would still have
basically ( unless you're an out-and-out miser who stays up nights
counting the cents ) the same mortgages to pay , irrespective of
whatever fiigure iis placed as equity on their houses ..

It's the same sheer naked greed with public servants who are facing a
cut in the upcoming Irish Budget of , maybe 5 % , though statistically
they  are paid 40 % above the EU average here in Ireland, the most
shocking Greed of all apparent from public servants married to one
another, as, for instance, the fairly usual case of a garda married to
a teacher .

They held a Day of Action last week, I looked with interest on the
news on TV to see what the Greedy amongst us actually look like -- now
they're holding a National One-Day Strike in a fortnight''s time,
whilst the Government is borrowing 400,000 million a week to pay them
as it is .....

can't they see that ???

No.

Cheers,
Michael .

On Nov 14, 12:00 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:





There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

I feel that not only amongst business and capitalism, but amongst
ordinary people that Greed is their real religion here all around me .

Coming back to a house, when you have a house that you live in, to me
it makes sense that itt has no market value as your house is not for
sale un less you want to live in a hotel, lodging house or hostel or
whatever ?

Or you're going to emigrate .

But for the vast majority of home oowners in Ireland they are going to
live in their houses until they go to their graves ( this applies to
the USA, UK etc too ), so hoow cann their houses have any value except
in their wills,, and therefore how can they have negative equity, that
they're all complaining about.

Whether the banking crisis happened or not they would still have
basically ( unless you're an out-and-out miser who stays up nights
counting the cents ) the same mortgages to pay , irrespective of
whatever fiigure iis placed as equity on their houses ..

It's the same sheer naked greed with public servants who are facing a
cut in the upcoming Irish Budget of , maybe 5 % , though statistically
they  are paid 40 % above the EU average here in Ireland, the most
shocking Greed of all apparent from public servants married to one
another, as, for instance, the fairly usual case of a garda married to
a teacher .

They held a Day of Action last week, I looked with interest on the
news on TV to see what the Greedy amongst us actually look like -- now
they're holding a National One-Day Strike in a fortnight''s time,
whilst the Government is borrowing 400,000 million a week to pay them
as it is .....

can't they see that ???

No.

Cheers,
Michael .

Though the President , Taoiseach and Government ministers recently
took a voluntary 10 % pay cut, our President and Taoiseach ( Prime
Minister) are still paid about 80,000 more than the President of the
USA, Ministers together with their TD salaries being paid as much as
President Obama !!!

Instead of Air Force One they have the Government Jet between them .

( Hospital consultants here are on about 600,000 Euro a year ) .

Half the judges refused to take any voluntary pay cuts at all.

And a Government Agency Head has just been fired for running his
agency Fas like a playboy dishing out money left, right and centre -
with a pen sion of a million a year !!!- Hide quoted text -

- Show quoted text -

On Nov 14, 12:42 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:





On Nov 14, 12:00 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:

There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

I feel that not only amongst business and capitalism, but amongst
ordinary people that Greed is their real religion here all around me ..

Coming back to a house, when you have a house that you live in, to me
it makes sense that itt has no market value as your house is not for
sale un less you want to live in a hotel, lodging house or hostel or
whatever ?

Or you're going to emigrate .

But for the vast majority of home oowners in Ireland they are going to
live in their houses until they go to their graves ( this applies to
the USA, UK etc too ), so hoow cann their houses have any value except
in their wills,, and therefore how can they have negative equity, that
they're all complaining about.

Whether the banking crisis happened or not they would still have
basically ( unless you're an out-and-out miser who stays up nights
counting the cents ) the same mortgages to pay , irrespective of
whatever fiigure iis placed as equity on their houses ..

It's the same sheer naked greed with public servants who are facing a
cut in the upcoming Irish Budget of , maybe 5 % , though statistically
they  are paid 40 % above the EU average here in Ireland, the most
shocking Greed of all apparent from public servants married to one
another, as, for instance, the fairly usual case of a garda married to
a teacher .

They held a Day of Action last week, I looked with interest on the
news on TV to see what the Greedy amongst us actually look like -- now
they're holding a National One-Day Strike in a fortnight''s time,
whilst the Government is borrowing 400,000 million a week to pay them
as it is .....

can't they see that ???

No.

Cheers,
Michael .

Though the President , Taoiseach and Government ministers recently
took a voluntary 10 % pay cut, our President and Taoiseach ( Prime
Minister) are still paid about 80,000 more than the President of the
USA, Ministers together with their TD salaries being paid as much as
President Obama !!!

Instead of Air Force One they have the Government Jet between them .

( Hospital consultants here are on about 600,000 Euro a year ) .

Half the judges refused to take any voluntary pay cuts at all.

And a Government Agency Head has just been fired for running his
agency Fas like a playboy dishing out money left, right and centre -
with a pen sion of a million a year !!!- Hide quoted text -

- Show quoted text -

Though the mortgagees whooped and jumped for joy when the banks gave
them 100 per cent mortgages at the time, and on ittle or no
securites , today they now blame the governments for allowing the
banks to give them those mortgages - though the governments had no say
at the time in what the banks did !- Hide quoted text -

- Show quoted text -

On Nov 14, 2:17 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:
On Nov 14, 12:42 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:





On Nov 14, 12:00 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:

There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

I feel that not only amongst business and capitalism, but amongst
ordinary people that Greed is their real religion here all around me .

Coming back to a house, when you have a house that you live in, to me
it makes sense that itt has no market value as your house is not for
sale un less you want to live in a hotel, lodging house or hostel or
whatever ?

Or you're going to emigrate .

But for the vast majority of home oowners in Ireland they are going to
live in their houses until they go to their graves ( this applies to
the USA, UK etc too ), so hoow cann their houses have any value except
in their wills,, and therefore how can they have negative equity, that
they're all complaining about.

Whether the banking crisis happened or not they would still have
basically ( unless you're an out-and-out miser who stays up nights
counting the cents ) the same mortgages to pay , irrespective of
whatever fiigure iis placed as equity on their houses ..

It's the same sheer naked greed with public servants who are facing a
cut in the upcoming Irish Budget of , maybe 5 % , though statistically
they  are paid 40 % above the EU average here in Ireland, the most
shocking Greed of all apparent from public servants married to one
another, as, for instance, the fairly usual case of a garda married to
a teacher .

They held a Day of Action last week, I looked with interest on the
news on TV to see what the Greedy amongst us actually look like -- now
they're holding a National One-Day Strike in a fortnight''s time,
whilst the Government is borrowing 400,000 million a week to pay them
as it is .....

can't they see that ???

No.

Cheers,
Michael .

Though the President , Taoiseach and Government ministers recently
took a voluntary 10 % pay cut, our President and Taoiseach ( Prime
Minister) are still paid about 80,000 more than the President of the
USA, Ministers together with their TD salaries being paid as much as
President Obama !!!

Instead of Air Force One they have the Government Jet between them .

( Hospital consultants here are on about 600,000 Euro a year ) .

Half the judges refused to take any voluntary pay cuts at all.

And a Government Agency Head has just been fired for running his
agency Fas like a playboy dishing out money left, right and centre -
with a pen sion of a million a year !!!- Hide quoted text -

- Show quoted text -

Though the mortgagees whooped and jumped for joy when the banks gave
them 100 per cent mortgages at the time, and on ittle or no
securites , today they now blame the governments for allowing the
banks to give them those mortgages - though the governments had no say
at the time in what the banks did !- Hide quoted text -

- Show quoted text -

I can 't see any logic in these peoples' behaviour at all - as I
always said then, and still say now, such people get the politicians
and governments they elect and deserve - and they did, so what gives
them the right to moan now !

lol, some interesting angles in that, did you ever read the page at
http://ecotort.gn.apc.org/
nicks a bit off his head, but some of his rants are full of similar
stuff, he blames it all on banking
based on usury and other things Grin
the page is about twenty years old

An Coibhi Drui wrote:
On Nov 14, 2:17 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:
On Nov 14, 12:42 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:





On Nov 14, 12:00 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail..com
wrote:

There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

I feel that not only amongst business and capitalism, but amongst
ordinary people that Greed is their real religion here all around me .

Coming back to a house, when you have a house that you live in, to me
it makes sense that itt has no market value as your house is not for
sale un less you want to live in a hotel, lodging house or hostel or
whatever ?

Or you're going to emigrate .

But for the vast majority of home oowners in Ireland they are going to
live in their houses until they go to their graves ( this applies to
the USA, UK etc too ), so hoow cann their houses have any value except
in their wills,, and therefore how can they have negative equity, that
they're all complaining about.

Whether the banking crisis happened or not they would still have
basically ( unless you're an out-and-out miser who stays up nights
counting the cents ) the same mortgages to pay , irrespective of
whatever fiigure iis placed as equity on their houses ..

It's the same sheer naked greed with public servants who are facing a
cut in the upcoming Irish Budget of , maybe 5 % , though statistically
they  are paid 40 % above the EU average here in Ireland, the most
shocking Greed of all apparent from public servants married to one
another, as, for instance, the fairly usual case of a garda married to
a teacher .

They held a Day of Action last week, I looked with interest on the
news on TV to see what the Greedy amongst us actually look like -- now
they're holding a National One-Day Strike in a fortnight''s time,
whilst the Government is borrowing 400,000 million a week to pay them
as it is .....

can't they see that ???

No.

Cheers,
Michael .

Though the President , Taoiseach and Government ministers recently
took a voluntary 10 % pay cut, our President and Taoiseach ( Prime
Minister) are still paid about 80,000 more than the President of the
USA, Ministers together with their TD salaries being paid as much as
President Obama !!!

Instead of Air Force One they have the Government Jet between them ..

( Hospital consultants here are on about 600,000 Euro a year ) .

Half the judges refused to take any voluntary pay cuts at all.

And a Government Agency Head has just been fired for running his
agency Fas like a playboy dishing out money left, right and centre -
with a pen sion of a million a year !!!- Hide quoted text -

- Show quoted text -

Though the mortgagees whooped and jumped for joy when the banks gave
them 100 per cent mortgages at the time, and on ittle or no
securites , today they now blame the governments for allowing the
banks to give them those mortgages - though the governments had no say
at the time in what the banks did !- Hide quoted text -

- Show quoted text -

I can 't see any logic in these peoples' behaviour at all - as I
always said then, and still say now, such people get the politicians
and governments they elect and deserve - and they did, so what gives
them the right to moan now !

An Coibhi Drui wrote:
There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

[snip]

They're not moaning about some abstract equity value which doesn't
get to be important as long as you occupy the house. In most cases,
such people have gotten themselves an equity loan after the mortgage
which was based on the house's overinflated value when the bubble
hadn't burst yet, and now they're stuck with owing considerably more
than the house is currently worth. That's negative equity for ya'.

There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

[snip]

On Nov 14, 7:41 pm, "1X2Willows" <nos... at (no spam) least.invalid> wrote:



An Coibhi Drui wrote:
There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

[snip]

They're not moaning about some abstract equity value which doesn't
get to be important as long as you occupy the house. In most cases,
such people have gotten themselves an equity loan after the mortgage
which was based on the house's overinflated value when the bubble
hadn't burst yet, and now they're stuck with owing considerably more
than the house is currently worth. That's negative equity for ya'.- Hide quoted text -

- Show quoted text -

On Nov 14, 7:41 pm, "1X2Willows" <nos... at (no spam) least.invalid> wrote:



An Coibhi Drui wrote:
There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

[snip]

They're not moaning about some abstract equity value which doesn't
get to be important as long as you occupy the house. In most cases,
such people have gotten themselves an equity loan after the mortgage
which was based on the house's overinflated value when the bubble
hadn't burst yet, and now they're stuck with owing considerably more
than the house is currently worth. That's negative equity for ya'.- Hide quoted text -

- Show quoted text -

On Nov 15, 12:29 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:





On Nov 14, 7:41 pm, "1X2Willows" <nos... at (no spam) least.invalid> wrote:

An Coibhi Drui wrote:
There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

[snip]

They're not moaning about some abstract equity value which doesn't
get to be important as long as you occupy the house. In most cases,
such people have gotten themselves an equity loan after the mortgage
which was based on the house's overinflated value when the bubble
hadn't burst yet, and now they're stuck with owing considerably more
than the house is currently worth. That's negative equity for ya'.- Hide quoted text -

- Show quoted text -

On Nov 15, 12:29 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:





On Nov 14, 7:41 pm, "1X2Willows" <nos... at (no spam) least.invalid> wrote:

An Coibhi Drui wrote:
There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

[snip]

They're not moaning about some abstract equity value which doesn't
get to be important as long as you occupy the house. In most cases,
such people have gotten themselves an equity loan after the mortgage
which was based on the house's overinflated value when the bubble
hadn't burst yet, and now they're stuck with owing considerably more
than the house is currently worth. That's negative equity for ya'.- Hide quoted text -

- Show quoted text -

I know a fella, sold his townhouse to the Council for 200,000 - it was
worth nearer 400,000 Euro ( they want to demolish it for road
widening ) but he was in a real hurray for a good drink-up, for the
Last Hurrah as he called it ! - and bought a replacement house from
them for 167,000 - six miles out a country backroad from the town in
an isolated area .

Well , the Last Hurrah is over, he drank the entire 33,000 balance on
top of the 27,000 his mother had left him, neglected to buy a car,
so , now broke, he has to walk over a mile to the nearest shop
everytime he needs anything ( he didn't even buy a pushbike ! ) .

In fact he didn't even buy a stick of furniture for the house, has a
bed, a table and a chair, that's all, and lives the life of a hermit
these days, unwillingly,  out of necessity .

But now and again he manages to put together the money for a cab into
town - I saw him today on the town :

Well, he's loooking a bit healthier than when he had the money ( he
got plenty of help to drink it ! )

Cheers,
Michael .

 NB: These figures are in Euro, not dollars ! he's in his mid fifties,
gets the few Euro together for the odd naggin a couple of times a
week . I suggested he go into the hospital - no way, he said, as the
last time they brought him in there they held him for eight days with
a security guard sitting beside his bed to make sure he didn't get out
of it :-)

He hadn 't even a smoke for those eight days, he told me, horrified !
We call him The Duck - he's a small thin fella with size ten feet  .

The Last Hurrah is yet to come.....- Hide quoted text -

- Show quoted text -- Hide quoted text -

- Show quoted text -

On Nov 15, 12:59 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:





On Nov 15, 12:29 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:

On Nov 14, 7:41 pm, "1X2Willows" <nos... at (no spam) least.invalid> wrote:

An Coibhi Drui wrote:
There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

[snip]

They're not moaning about some abstract equity value which doesn't
get to be important as long as you occupy the house. In most cases,
such people have gotten themselves an equity loan after the mortgage
which was based on the house's overinflated value when the bubble
hadn't burst yet, and now they're stuck with owing considerably more
than the house is currently worth. That's negative equity for ya'.- Hide quoted text -

- Show quoted text -

On Nov 15, 12:29 am, An Coibhi Drui <photographerofkilke... at (no spam) gmail.com
wrote:

On Nov 14, 7:41 pm, "1X2Willows" <nos... at (no spam) least.invalid> wrote:

An Coibhi Drui wrote:
There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the term
' negative equity' when you have got only the one house for yourself
and your family and you've got to live in it , and therefore there is
no prospect of you offering up for sale uunless you want too live on
the street !

[snip]

They're not moaning about some abstract equity value which doesn't
get to be important as long as you occupy the house. In most cases,
such people have gotten themselves an equity loan after the mortgage
which was based on the house's overinflated value when the bubble
hadn't burst yet, and now they're stuck with owing considerably more
than the house is currently worth. That's negative equity for ya'.- Hide quoted text -

- Show quoted text -

I know a fella, sold his townhouse to the Council for 200,000 - it was
worth nearer 400,000 Euro ( they want to demolish it for road
widening ) but he was in a real hurray for a good drink-up, for the
Last Hurrah as he called it ! - and bought a replacement house from
them for 167,000 - six miles out a country backroad from the town in
an isolated area .

Well , the Last Hurrah is over, he drank the entire 33,000 balance on
top of the 27,000 his mother had left him, neglected to buy a car,
so , now broke, he has to walk over a mile to the nearest shop
everytime he needs anything ( he didn't even buy a pushbike ! ) .

In fact he didn't even buy a stick of furniture for the house, has a
bed, a table and a chair, that's all, and lives the life of a hermit
these days, unwillingly,  out of necessity .

But now and again he manages to put together the money for a cab into
town - I saw him today on the town :

Well, he's loooking a bit healthier than when he had the money ( he
got plenty of help to drink it ! )

Cheers,
Michael .

 NB: These figures are in Euro, not dollars ! he's in his mid fifties,
gets the few Euro together for the odd naggin a couple of times a
week . I suggested he go into the hospital - no way, he said, as the
last time they brought him in there they held him for eight days with
a security guard sitting beside his bed to make sure he didn't get out
of it :-)

He hadn 't even a smoke for those eight days, he told me, horrified !
We call him The Duck - he's a small thin fella with size ten feet  .

The Last Hurrah is yet to come.....- Hide quoted text -

- Show quoted text -- Hide quoted text -

- Show quoted text -

He complained, sadly, to me that all our friends are dead. I agreed,
sadly too, as I observed that the same lads, sound fellows all -  14
of them at the last count - spent the last dozen years of their lives
in another universe !  I offered him in for a coffee, he said he
couldn't stomach it, I stuck a twenty in his top pocket and The Duck
couldn't waddle across the street fast enough to the liquor store for
a bottle of Paddy .

I was disappointed earlier on , despite a good performance France beat
us 1-0 in a world cup play-off at home in Croke Park, Dublin.  I
thought I was looking at the real All-Blacks , France hardly had a
white man on the pitch .....

Cheers,
Michael- Hide quoted text -

- Show quoted text -

An Coibhi Drui wrote:
There are a lot of married couples now in Ireland complaining of
negative equity concerning their houses that they bought on mortgage
from the banks, but I think that they are being deliberately idiotic
or plain selfiish, because I feel that there is no meaning to the
term ' negative equity' when you have got only the one house for
yourself and your family and you've got to live in it , and
therefore there is no prospect of you offering up for sale uunless
you want too live on the street !

[snip]

They're not moaning about some abstract equity value which doesn't
get to be important as long as you occupy the house. In most cases,
such people have gotten themselves an equity loan after the mortgage
which was based on the house's overinflated value when the bubble
hadn't burst yet, and now they're stuck with owing considerably more
than the house is currently worth. That's negative equity for ya'.