In an interview that drew a massive listener reaction, Pat Kenny interviewed Karl Deeter about the reasons he believes we need to get people back to work sooner rather than later. We would stress the point that this isn’t implied as doing so in a reckless manner, hand hygiene, distancing and other protocols already being followed in shops and essential services jobs would be required. Dr. Sam McConkey was also on to critique his view. The debate was well rounded and respectful, you can listen to the clip below.
We were part of a discussion around Covid19 and mortgages on Matt Cooper’s ‘The Last Word’ show on Today FM yesterday. The other participant was Brian Hayes of the Banking and Payments Federation of Ireland.
For our part we were impressed with the fact that the banks have been able to do more than 2,000 mortgage restructures per working day since the pandemic driven mortgage breaks were announced. To put that in perspective, it took six years to do 100,000 restructures after the financial crisis. This time around that figure could be achieved in a little over two months, that is something to be commended.
We were guests on Matt Cooper’s ‘The Last Word’ show on Today FM along with Marian Finnegan the MD of SherryFitzgerald’s residential business to discuss the residential property market and how it might work out in the wake of the covid19 pandemic.
Marian gave good analysis as you’d expect, Karl was pointing out that supply shortages would persist despite any changes that may occur in prices, the reasons for this being that the dynamics that existed prior to it hadn’t changed.
The full clip of the piece is below.
As Operations and Compliance Manager of Irish Mortgage Brokers here since 2004, Karl Deeter has established himself strongly in the mortgage and financial world. One of his latest projects is Yes.ie that he started back in 2016. In short, yes.ie is an online brokerage. The website allows you to apply for mortgages, remortgages, investments or buy to let loans, while comparing the most competitive prices all in the comfort of your own home. On top of looking for mortgage rates, yes.ie also offers services for insurances. So, if you need mortgage protection, a pension, or life insurance, yes.ie has all the information you need within a few clicks.
Everything about this website is geared towards the client. There’s no opening or closing time, and everything is done at your own pace. It’s hard to find the time to make an appointment with a broker. Now, there’s no need to take time out of your busy schedule to do so. Without facing the pressure of a salesperson, you can feel comfortable and apply on your own terms.
If ever you need …
We were asked to take part in an interview on Primetime about house prices and whether or not they were starting to show signs of falling. Our view is that they will fall in time (probably in a damaging way) but that it won’t be soon because supply is still above demand and price indicators like rents are still rising. This is damaging for first time buyers and those stuck paying high rents.
In this discussion the way that council houses are used was discussed, the piece is very topical because there are serious overcrowding issues in many council houses where you have five or more people crammed into a one bed home while other people in council owned houses occupy four bed houses on their own. Our view is that this is a national emergency and for that reason the people in these situations should swop with one another.
(click into the blog post for the video) We were really happy about taking part in panel on the Late Late show on RTE to discuss the rented sector and some of the issues being experienced in it at the moment.
We were happy to take part in a more light hearted segment of radio on Today FM when Matt Cooper had Karl Deeter in to discuss different news items from the week that was. He was joined by the journalist Larissa Nolan to discuss many different topics from ‘beer goggles’ to property prices and slavery.
Karl Deeter and Brendan Harbor of the Forsa Union discussed whether or not the state should agree to have the members of Forsa work fewer hours per week and maintain the same pay. Karl strongly disagreed making the case that if things like the health service are not working well now that you can’t expect them to maintain current levels or improve if everybody is working fewer hours, such an assumption is simply illogica.
The full clip of the segment is below.
We spoke to Ciara Kelly about the current property market and where we believe we are in the cycle. She was surprised to hear us say that we believed a crash was virtually an inevitability. There are myriad reason for property cycles and the routes to resolving them are politically unacceptable, for that reason we are confident we won’t avoid experiencing another one.