The house trap: negative equity is on the rise … 879449.ece

And if you bought “affordable” housing you don’t even need to be in negative equity to be stuck - the clawback will do the job for you. Here’s a depressing tale from

How can this be happening?

I was assured that it just wasn’t possible.

This girl got 75k from the taxpayer to purchase a house.
Her expectation was stay for 5 years, sell make a profit.
The taxpayer was the one doing all the favours.
Things have not worked out as she would have liked.
She now expects another favour.

Prices were increasing all the time in April 2008?

Spotting points!

April 2008 being around the time that fucker Donie yacked on in the Seanad about value.