This week on Talking Money on RTE Radio 1’s ‘Drivetime’ show Karl Deeter & Jill Kerby discussed different aspects of Christmas and how you can save money during the festive season. Sticking to the simple ground rules of lists, sensible shopping and a few other tips will help the average person go into 2015 with less of a financial headache than they otherwise might have had!
On talking Money on the 24th of November we looked at the issue of mortgage arrears and the role of the Insolvency Service in terms of finding ways to get solutions with guaranteed end dates. There is a mismatch between the goal of banks and borrowers and it is resulting in solutions that often don’t work.
We took part in a panel discussion on homelessness and more importantly in the rise in rough sleepers. This issue was made worse by government policy and the reduction in low end housing at the same time as there was no investment in social housing.
We tried to point out that there are consequences to many policies and that were introduced such as rent allowance cuts in the past.
We were asked to take part in a documentary on Ireland’s housing crisis. The piece was well thought out and balanced between different views, we were particularly happy to see building regulations mentioned and the lack of investment in social housing.
Last week on ‘Talking Money’ Mary Wilson spoke to Karl and Jill about ways to ‘beat the bank’. In an era of low returns and higher costs on credit and use of the financial system beating the banks becomes an important aspect of finances because of the amount of interaction most of us have with banks.
We were asked to speak to Ireland AM on TV3 about the proposed mortgage caps, some of the concerns about what the outcomes may be and the curious case of how the Government themselves are trying to circumvent this plan.
We spoke with Mary Wilson on Drivetime about the Budget 2015 announcements and agree that it wasn’t a ‘budget for builders’ because it was more like a budget for land bankers.
It was budget week and on ‘Talking Money’ we came up with a ‘fantasy budget’ which considered some of the things we might do if budgetary powers were in our hands. Some are far out, others are novel, some (like car tax abolition) are pragmatic, you can decide for yourself what you think!
On the night of Budget 2015 we were asked to participate in a large panel discussion on Vincent Browne’s ‘Tonight’ show. We tried to make the point that the budget was not one that should have people too disappointed, it was the first time in years that anything came back to tax payers rather than taking more (apart from the better paid who now have a super USC rate).
On Today FM’s ‘last word’ show with Matt Cooper we were asked to discuss the issue of mortgages being capped for the loan to vlaue and the loan to income.
Robbie Kelleher of Davy Stockbrokers was also present and he presented some thoughts on why it was a good idea while Karl Deeter agreed that prudence is necessary but that there are better ways to achieve it than via a blunt policy instrument that will hurt about two thirds of first time buyers.