TV3 The Morning Show with Martin King

We were delighted to speak to Martin King about Interest Only mortgages, who has them, why, and what is happening now. Karl was joined by Angela Keegan, MD of MyHome.ie. We also looked at a famous property which is now for sale, Bram Stokers family home!

One Comment

  1. Aonghus

    Hi Karl … Would like your thoughts on mortgage restructuring: If I’m not mistaken, over 1/3 of Irish mortgages are from foreign-owned institutions. 1/3 of the cost of a massive restructuring would fall on foreign institutions, while 100% of the benefit (more spending in the economy, give people a path out of debt) will benefit Ireland. We missed the chance to impose losses on foreign bank bondholders – this is our last chance as an economy to impose losses on foreign institutions. Could also think about classing mortgage write-offs as personal income, on which tax should be paid – this tax could to be collected over 10-20 years by the revenue commissioners where possible (offsetting some of the cost of the write-off). Thanks, always appreciate your contributions to the debate on economy and policy.

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