Looser mortgage lending rules linked to Irish house price surge, says MyHome

by badger-biscuits

11 comments
  1. Middle Ireland is very happy with this, FFG know how to get and keep their votes. This IMO is why sinn fein will never get into power

  2. I wonder why the banks would take such risks? It’s almost like they know the tax payer will be forced to bail them out.

  3. Full Employment can literally never end so I don’t see the risks here? 

  4. What’s the play here then? Hope you keep your job next recession and prices drop so you can afford to buy one?

  5. People also complained about the lower lending limits beforehand. As with more or less every possible measure, prices will only continue to go up until supply is dramatically increased. 

    Problem is, we need about 53,000 new houses per year just to keep track with population increases and another 25,000 a year for a full decade to make up the 250,000ishshortfall we already have… so at least 78,000 houses a year are needed until 2035. Meanwhile FFG have set themselves targets of 33,000.

    And we’re getting ready to vote the right back in again all the same. 

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