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   soc.culture.irish      More than just beating up your relatives      96,488 messages   

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   Message 95,005 of 96,488   
   Luke Kelly to Salahoona   
   Re: Snakes and the property ladder   
   17 Sep 17 02:29:51   
   
   30bfa524   
   From: apm@curragh.cc   
      
   On Friday, December 7, 2007 at 1:57:50 PM UTC, Salahoona wrote:   
   > Here's how it goes: Someone has used you - you have been corrupted by   
   > your own greed. You have bought a house you can hardly afford, and the   
   > very notion that house prices would not continue to rise was like   
   > denying the existence of God; you felt ashamed even to mention the   
   > possibility. You didn't want to appear as a fool, which you are not;   
   > you are just greedy.   
   >   
   > You have bought a four bedroomed house.   
   >   
   > Now, house prices begin to fall and in no time at all your investment   
   > and mortgage are together greater than the value of the house. On top   
   > of that, fuel prices increase and you begin to fear that you cannot   
   > afford to heat such a large house.   
   >   
   > Two of your best friends lose their job and you put off asking for the   
   > raise you had been planning. You have borrowed money to spend on the   
   > family because you thought you were rich and you have to liquidate   
   > some of your non essential assets. Cash is very scarce.   
   >   
   > Then you lose your job.   
   >   
   > You cannot afford the mortgage and the bankers offer you a fair   
   > settlement which will leave you with a lump sum cash (greed again) but   
   > with nowhere to live. Out of the goodness of their heart, your bankers   
   > put you in touch with a Mr. Murphy who will rent you the property at a   
   > reasonable rate. You are so delighted with your cash and being allowed   
   > stay in your house, that you fail to pay attention to the rental   
   > agreement.   
   >   
   > You don't know that Mr. Murphy has bought a ten year lease on the   
   > property from your bankers and will squeeze you till you bleed. You   
   > feel uncomfortable talking to Mr. Murphy in the presence of your   
   > daughter.   
   >   
   >   
   > Donal   
      
   When was the original posted?   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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