Central Bank Consultation - Policy for mortgage lending


#1089

I love how the times add the fact he is worried about a hung Dail. Who better to seek political advice from other than your local property developer.


#1090

My usual quarterly analysis of the BPFI/PwC mortgage lending report is here

viewtopic.php?f=4&t=26451&start=465


#1091

fair play to those pinsters taking the time to write…


#1092

Good man Bill.


#1093

Hah!!! I strike again.

I clearly have too much time on my hands!!


#1094

Greg Kavanagh :unamused:
talk about Messi-anic complex :smiley:

i.imgur.com/ziEfX7q.jpg


#1095

What an absolute mongo.


#1096

The view from the Inside

Twelve months after the introduction of the new mortgage rules, commentators seem to have reached a consensus that they have been bad for homebuyers, but good for financial stability.
independent.ie/life/home-gar … 51079.html

He nearly got as far there as blaming the CB for 9/11 !!


#1097

It’s no longer ‘families’ that homes are out of reach of, it’s now ‘workers’ as well…keep her lit Charley!

€51,000 deposit puts homes beyond the reach of workers
independent.ie/business/pers … 16814.html

So there’s a conspiracy at play also to hide the truth!

Ivan Yates spoke about this ealrier on radio and said that the CB rules should not be the focus of attention, it’s supply and the costs of building that are the problems. Basic stuff that seems to be beyond the grasp of most Commentators and Joe Soaps


#1098

Saving 8K more in Cork is out of the reach of workers?! Were there seriously that many applying for mortgages with only 24K saved?


#1099

Irish Times follows up with zero analysis

Soaring deposits puts houses out of first-time buyers’ reach

irishtimes.com/business/pers … -1.2563156


#1100

Strange - before the CBI rules soaring prices were putting houses out of first-time buyers’ reach

However that scenario was welcomed :angry:


#1101

That Indo article now has a poll on it about whether the CB rules should be relaxed
Currently 56% in favour of changing them


#1102

Tbh a survey like that is worthless

How many people would welcome a return to 2006? Doesn’t mean its a good idea


#1103

Guessing with a new government incoming we’ll really see a ramp up in opposition from the media to these rules?


#1104

Of course it’s worthless…but no doubt the Indo/CW will quote the final resutls (if in their favour) for months to come


#1105

“Don’t you want more money???”
“Yes! Yes, I do!!”*

*More money for all will simply bid up house prices for same house. Sadness guarenteed.


#1106

George Hook arguing strongly for the retention of the rules earlier on the radio.
Indo profits are on the up, if they could only get the rules relaxed the sky would be the limit for that property supplement.


#1107

Indo and Newstalk are both owned by DOB so in this case Hookie is arguing against his master’s interests.


#1108

I’d much rather the deposit was out of reach then the total price.
Not being able to get to €50k deposit is a much smaller problem then being stuck with a €500k mortgage and an inadequate salary, even if it doesn’t feel that way when you’re looking to buy a house.