Living the death of the Irish property boom | 105 comments (105 topical, editorial, 0 hidden)

Re: Living the death of the Irish property boom (4.00 / 2)

Sure, you can play with that sort of thing, but it's very much a last resort in this part of the world. Most people who have paid for their house don't seem to like the idea of not owning it again.

by Colman (colman at eurotrib.com) on Mon Mar 26th, 2007 at 06:58:06 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (none / 1)

Where I come from (and this would be a country sharing many structural features with Ireland) there are lots of pensioners with paltry pensions and valuable houses, so that sort of thing is actually a great idea.

"It's the statue, man, The Statue."

by Carrie (migeru at eurotrib dot com) on Mon Mar 26th, 2007 at 07:01:21 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (4.00 / 3)

Absolutely, and there are probably lots of people here in that situation who will refuse to take advantage of it.

by Colman (colman at eurotrib.com) on Mon Mar 26th, 2007 at 07:04:26 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (none / 1)

What they need is reassurances from their children that they have done enough and don't need to feel bad about not leaving them a house as inheritance when the childrem are ready to retire.

"It's the statue, man, The Statue."

by Carrie (migeru at eurotrib dot com) on Mon Mar 26th, 2007 at 07:13:24 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (4.00 / 3)

Ha. Insert cyncial remarks about adult children here.

I know older people - not related to me, I hasten to add - who rely on their estate as a form of power over their children. Assurances from their children that they don't care about the money would be precisely what they don't want.

by Colman (colman at eurotrib.com) on Mon Mar 26th, 2007 at 07:16:37 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (4.00 / 4)

In fact telling them that you won't need/want their money and they should enjoy life while they are alive is seen as an insult. You may even be seen as 'jealous' and trying to hurt their feelings...

The more you have when you die the better you are...really...don't you believe me??

We are all in the gutter, but some of us are looking at the stars. Oscar Wilde

by Sam on Mon Mar 26th, 2007 at 07:32:02 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (4.00 / 3)

Now...where did I leave that note on how to bring your wealth with you to your afterlife...

We are all in the gutter, but some of us are looking at the stars. Oscar Wilde

by Sam on Mon Mar 26th, 2007 at 07:33:45 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (4.00 / 4)

If I tried to tell my grandmother (or my mother) that she could borrow against her home and arrange to have more income (we'll ignore the fact that she literally counts every cent) she'd have me locked up for insanity! It's a matter of pride for a lot of people (old AND young)in this country to actually own their homes free of debt.

We are all in the gutter, but some of us are looking at the stars. Oscar Wilde

by Sam on Mon Mar 26th, 2007 at 07:28:20 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (none / 1)

I'm assuming they can afford their heating bills?

"It's the statue, man, The Statue."

by Carrie (migeru at eurotrib dot com) on Mon Mar 26th, 2007 at 07:52:54 AM EST
[ Parent ]

Re: Living the death of the Irish property boom (4.00 / 2)

In her relatives' cases, yes. Not in all cases - and they still wouldn't go for it.

by Colman (colman at eurotrib.com) on Mon Mar 26th, 2007 at 07:55:49 AM EST
[ Parent ]

Living the death of the Irish property boom | 105 comments (105 topical, 0 editorial, 0 hidden)

Top Diaries

Ireland 2023 Rugby World Cup Squad selected

Integrating Ukraine Into NATO Family

Leinster's demise and Munster's hope

Southern Irish disinterest in Northern Ireland affairs

The end is Nigh?

Joe Biden. America's Interventionist Hero

Recent Diaries

NATO Stoltenberg Should Resign

NATO Posing the What If Question

Bi-Partisan Effort to Undermine Democracy

June 2023

Ireland 2023 Rugby World Cup Squad selected

Integrating Ukraine Into NATO Family

Southern Irish disinterest in Northern Ireland affairs

Incident Ukrainian War Display Gets Int'l Attention

German Climate Activists Group Outlawed

Leinster's demise and Munster's hope

Joe Biden. America's Interventionist Hero

Targeted Assassinations: a Bankrupt Strategy

The end is Nigh?

Hijacking Peace by Zelensky for War Escalation

UA Drone Attack On Moscow

May 2023

US Provoked Conflict In Europe

U.S. Will Be Ousted From Middle-East

Settler Extremism Blessed by Jerusalem Leaders

Occasional Series