Friday 2 December 2016

When being beholden to a bank is better than being debt-free, we have a problem

Published 21/07/2016 | 02:30

Former Environment Minister Alan Kelly Photo: Gerry Mooney
Former Environment Minister Alan Kelly Photo: Gerry Mooney

There are thousands of people who got out of bed in Ireland this morning knowing they could be on a sitting on beach in Spain if they had a mortgage.

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It's a strange reality that we now live in a society where it's better to be beholden to a banker than living without any ties.

Such is the mess in the rental market that most people are afraid to move home even if their landlords jack up the rent because finding a new home is an almost military exercise.

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