madness

[wyvernfriend]

it honestly never ceases to amaze me why people tell me I was "mad" to buy during the boom. I had little or no bloody choice.
factors here:
Capel Street was not helping my health. Old dusty draughty building was just not helping here.
Mac was heading to 40
I was 5 years from my cancer diagnosis and finally banks would actually talk to us, at all. (on

Comments

[schmoomom]

I hate the fact you have to go into arrears before anyone will talk to you. What a ludicrous situation. Had that with B, and I just boggled. Would save a huge amount of hassle for companies AND customers.

[m_nivalis]

So, those people you mention obviously can see into the future, since they knew it would be better to wait? I remember when I lived in Dublin in 2003-05 that people said that the bubble must burst sooner or later. But it's not like anyone knew when that would happen. I hope your situation will soon turn for the better. And let me know if there's anything I can do to help you.

[snakewhissperer]

same in 2005-2007 when I was there though by end 2007 the economy was starting to go.

[tehomet]

That's the thing - people who bought during the boom are castigated for doing so, but they, like you and your husband, were just trying to get/keep a roof over their heads. If you'd kept renting during all this time, the same people who castigate purchasers would have said you were paying 'dead money.' You can't win. :(

[bastun_ie]

It depends. Wyvernfriend's situation (which bar the cancer is the same situation a lot of people are in) is a million miles from those who bought way beyond their means. Granted, anecdote != data, but one example is a woman I heard on the radio complaining about her situation. She'd bought a way overpriced luxury house by herself, really stretching to get the mortgage, and was now in negative equity - and would apparently have to work till 75 to pay that mortgage. My reaction was she had absolutely noone to blame but herself. Negative equity isn't a problem if you don't want to/need to move, and all of the other factors were known to her when she bought.

What's galling is that person will most likely be able to avail of interventions/help before the thousands of others who didn't "go mad" and are just getting by.

[snakewhissperer]

others can't judge how you jumped, why you jumped or what happened after. Everyone can say anything with 20/20 hindsight.