We were speaking with Sean O’Rourke about mortgage rates, that they were falling as part of a trend and that new moves to force them down would likely not work. It came on the back of a piece by Conor Pope in the Irish Times that quoted us in the article entitled ‘New bank levy could see mortgage rates rise not fall‘.
In court data gathering formed the basis of an article by Karl Deeter, Brendan Burgess (askaboutmoney.com) and Seamus Coffey (Economics lecturer UCC) which was discussed on Primetime. It was an interesting insight into the results of almost 300 possession hearings in various circuit courts around Ireland.
We were asked to take part in a studio debate (at the end of the clip) on Standard Variable Rates, why they are so high and what we should do to bring them down. We believe they are already headed down and that this is mainly a straw-man issue, rates are going to come down in spite of anything anybody does.
Primetime did a large piece on the property market taking it from the angle of tenants and landlords. This was a very well balanced and well thought out show which gave the views of both sides fairly. Afterwards there was a studio debate about rent controls also referred to as ‘rent certainty’.
While it can be argued that ‘control’ and ‘certainty’ are two different things, they are ultimately closely related and can cause market distortions.
Labour Senator Aideen Hayden who is also the chairperson of Threshold was there as was Karl Deeter from Irish Mortgage Brokers, David McCullagh was the presenter.
Speaking time: Aideen Hayden – 5 minutes, Karl Deeter – 3 minutes.
On the 23rd of February we looked at the very real issue of people going broke when they are advanced in years. This can be a problem due to bad investment performance for those who have pensions, having no pension and not having enough, or outliving your money – what refer to as having ‘too much month at the end of the money’.
We have suggestions, but as always, prudent planning is key.
Sorry about the delay on the sound clips! We faced a delay in getting them recorded (all our own fault too). On the 16th of February ‘Talking Money’ was one of the early adapters of the issues surrounding the end of lifetime community ratings in health insurance. Listen in as this is going to be a very important consideration up to the end of April and inevitably there will be people caught out by it.
On the 9th of February in the ‘Talking Money’ segment of RTE 1 Drivetime show Mary Wilson had us in to discuss some changes that were coming down the line in the UK for the over 55’s regarding their pensions. This will have an effect on thousands of Irish people and we considered that as well as whether or not the move was a good idea or not.
The EuroMoney conference was held for the firs time in Dublin last week and opened by the Minister of Finance Michael Noonan. It had a great line up of speakers including several CEO’s of our largest financial institutions and was an opportunity for professional practitioners to discuss recent developments and many aspects of the market in general.
Karl Deeter was there to represent Irish Mortgage Broker and to take part in the panel discussion on property.
We have been part of an ongoing project that started in early 2013 to establish a historical house price index for Dublin. We were pleased with our initial findings which will form the basis of our working paper and were able to speak about it on the Marian Finucane show on Sunday the 22nd of February.
Marian Finucane wasn’t there, in her stead Aine Lawlor was hosting the show.
This week on RTE Drivetime’s ‘Talking Money’ segment we looked at the issue some parents have with ‘Kidults’ who are grown up children living at home. There are many reasons behind the increased occurrence of people remaining at home, and there are both advantages and disadvantages, we tried our best to give some tips that might help!