The discussion we won’t have about mortgages
Talking Finance The public are blithely unaware of the fact that having your home repossessed is not the same as being made homeless
One of the most depressing aspects of public debate is that, when it is led by emotion, alternative considerations are drowned out. In a world of grey, things quickly become black and white. Too often, evidence is the first victim.
This has long been the case with mortgage arrears. If Ireland’s approach was like Britain’s, we’d need to repossess more than 9,000 homes straight away.
The latest stoking of fears has created an...
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