July 09, 2007

[General] Health warning - House Buyers in Ireland

Well, well, the government cannot avoid this madness that is the property boom, ok, it's not a boom anymore. But they are admitting that many young people, many who are in their 30s are in deep trouble with their 30+ years mortgages that are as much as EUR500,000!

Such is the level of concern over how "stretched" so many young buyers have become, the Government will issue a "health warning"

Read article from Indo online: Thousands in 'serious trouble' on home loans

Posted by whykay at July 9, 2007 12:46 PM