Last Friday on Newstalk we were on the Pat Kenny Show where Dearbhail McDonald was hosting. We discussed mortgage caps, how they don’t work, certainly not in isolation and some of the downsides to a market when they are utilised as well as the negative impacts they can have on people.
Newstalk: Pat Kenny & Karl Deeter on rapid property price increases
The Pat Kenny Show broadcast from the Shelbourne Hotel last week and Pat had Karl Deeter on to talk about rising property price and what they mean for different people as well as who the winners and losers of it are.
For some, the crash presents new opportunities such as the couple in Longford that were mentioned, for others it means being trapped in a property they can’t pay for and which rising prices represent an opportunity of freedom, but the main point is that there is no ‘common good’ to higher costs that can’t be avoided.