Tag: buy-to-let
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Why are Buy to Let Mortgages being allowed fester?
The mortgage crisis is the rancid gift that keeps on oozing. The publication this week by the Department of Finance of mortgage arrears figures highlights the festering lethargy that has characterised much of the Irish response to the financial crisis. That it publishes slightly different figures on the same issue as the central bank highlights the embedded…
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Irish Banks failure to deal with BTL mortgage arrears gives scant hope for the future.
This is a expanded version of my column with the Irish Examiner of October 12 2013. With the budget around the corner we are hearing soothing noises all round about the economy. Apparently things are grand, or about to be. We are to be grateful that in an inversion of 1 Kings 12:11 we are…
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Illiquid and Insolvent? Some stylised facts from a survey on Irish residential property investors
Why do Irish Buy-to-let investors with underwater investments not sell? Well, the photo shows why. Theyre covering their interest cost, and anyhow cant take the hit. They dont even think the investments will do all that well in the short or long term. Oh, and a lot of them are just anchored to the price…