Sympathy for hapless mortgage holders
IN response to Florence Craven's letter regarding mortgage defaulters and the lack of sympathy, not all are greedy or stupid as stated. Many homeowners were encouraged to purchase houses at the time by the Fianna Fail-led government, who said the economy was booming and would continue to boom.
Many have lost their jobs and, along with massive austerity measures heaped on us all by the EU and IMF, now find themselves unable to repay the mortgages and other loans. For Ms Craven to blame those unfortunate enough to be struggling in these times and to state that along with the banks, builders and auctioneers, the defaulters also ensnared this country in debt, is outrageous.
Tralee, Co Kerry