Thursday 26 April 2018

Writing off debts is not fair to the rest of us

While I don't want to see people put to unnecessary hardships, I have to say that the current suggestion by a number of parties to write off people's debts when they sell their houses for instance, is neither fair nor equitable.

If the Government does what is stated above, could I buy a house safe in the knowledge that if the price fell, I could sell it for whatever it happened to be worth at that time and write off the mortgage loss?

Sounds great! A risk-free investment is what we all want.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Today's news headlines, directly to your inbox every morning.

Don't Miss