FIVE YEARS into the post-Celtic Tiger era, we’ve bailed out the Irish banks but they remain hesitant to lend us money. As ever, it pays to keep an eye on day-to-day trends within the mortgage and financial industry in Ireland.
When it comes to mortgages, people in Ireland have been given a lot of poor advice.
Can you trust a financial institution who are recommending a particular package when they stand to profit most from it?
Can you trust a website when it claims to provide independent advice?
The voting in of a new Government did not suddenly turn bankers into individuals who will put their local community’s needs first. If they thought like that they’d have become social workers. Greed and power blinds people from the truth.
Our relationship with money says a lot about who we are.
Why should we expect the country to take financial responsibility if we cannot do so ourselves?
So before we decide to get a mortgage which may result eventually in us feeling trapped in a career which no longer inspires us creatively but “pays the bills”, let’s take the time to see what’s really going on.
We’ve already lost another generation of young people through emigration because of a recession made infinitely worse through the greed of the banking industry, property developers and politicians.
Ireland needs to forgive but it should never forget.
