Chris Donoghue interviewed Karl Deeter of Irish Mortgage Brokers regarding the rule changes that were brought in by the Central Bank and both how and who they would affect.
Anton had Karl Deeter on to discuss the proposed mortgage loan caps that were being discussed by the Central Bank. Our view is that something more nuanced was needed, thankfully, at the time of posting this we now know the details and they did opt for a more carefully balanced solution.
We were asked to comment on the Central Bank mortgage loan proposals, we believe they are as blunt an instrument as you could use and that a more nuanced solution would be not only easier to implement but more effective. Equally, we don’t expect any such approach to be undertaken as too much of the regulators reputation has been staked on this policy.
This is a copy of a good debate that took place on the Sean O’Rourke show today on RTE Radio. It was a good example of how two contrary points can both have supporting arguments which seek different ends but where both sides have validity. We think that a return to bubble credit would be a disaster, but equally hold dear the idea that it isn’t up to Central Banks to orchestrate the winners and losers in society.
This week on ‘Talking Money’ a regular segment on RTE Radio 1’s Drivetime show, Karl Deeter & Jill Kerby talked about how Irish people hold more cash than is healthy and what to do about it. Oddly, we are not that different from other countries in terms of property holdings but we are when it comes to cash preference.
This was our first time to do ‘Talking Money’ on RTE’s Drivetime Show, we looked at financial resolutions, how to make them simple, and most importantly, how to set them up so you actually implement them, the key is to take small steps and form habits rather than trying to do it all at once. Listen in to the clip to find out more!
We were asked to appear on the Marc Coleman show which was about credit, retail and the plethora of other topics he normally covers. It was fun, Marc was his usual self and we even had the chance to give him some of the rough treatment he so expertly deals out to others, if you aren’t familiar with the show it would be worth tuning in, it’s always a good time. In particular this Sunday the 14th where they will cover an entire show on the topic of homelessness.
We were asked by Morning Ireland to discuss homelessness and to iterate our view that the removal of bedsits which were a source of housing for people with low to no incomes was a mistake. Focus Ireland shared the view and made important points about their work being more than just putting roofs over peoples heads.
We were interviewed by RTE news and were making the point that removing bedsits (somewhere between 7-14,000 were occupied) simply got rid of low cost affordable homes for many people and pushed them into worse conditions than the bedsits represented.