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.
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).
Robert Shortt from RTE’s Primetime show spoke to us about the Central Bank idea of putting caps on lending in terms of the loan to value and the loan to income ratios. There is a sense in this, but we don’t believe such a crude instrument is nuanced enough to negate the downsides that such a policy brings with it. There are better ways to do this and they should be explored.
We were asked to speak to TV3 news about the ECB rate cut yesterday which was rather unexpected. We are now at a point where for some tracker mortgages their interest rate is effectively only made up of the fixed margin over ECB base rate.
We were asked to discuss whether or not we have a property bubble at present in Dublin. We don’t have a ‘bubble’ but we do have a boom and booms often lead to bubbles so the time for action is now, not later.
We were happy to take part in the Tonight show on TV3, we looked at some of the issues that politicians and regulators can generally get vocal about.
The issues of social housing failure and keeping people with wealth in houses were two main points, as well as that of the unfairness of people who borrow getting access to social housing ahead of the people who were poor all along.
We were asked to review the papers on RTE’s ‘Morning Edition’. Sarah McCabe from the Independent and Karl Deeter of Irish Mortgage Brokers were there to look at the stories of the day.
We looked at some of the developments of the Tuam babies story, children’s allowance, and the story about the Irish Bank Officials Association potentially seeking a raise for bank staff.
We spoke to TV3 News about the ECB move to turn deposit rates negative and implement a small rate cut bringing deposit rates to -0.1% and the base rate to 0.15%.
We were asked to appear on RTE’s ‘Morning Edition’ to review the newspaper stories of the day. Brian Byrne from the Independent group and Karl Deeter discussed a variety of topics from medical staff top-up’s to locked in syndrome and the story of Gavin Glynn a child with a rare form of cancer.