Madam, – I am an apolitical homeowner trapped in negative equity in a house purchased miles from my desired location that is worth a quarter of what I paid and dropping every month.
Like thousands of Irish people I am incensed that banks and property developers can unfairly dump their debts in Nama – to be covered by the Irish taxpayer – and these same banks can put the squeeze on home owners in modest mortgage arrears under threat of home repossession.
This Government didn’t distribute the fruits of the Celtic Tiger to ordinary people but seems willing to burden us with the debts. So much for cherishing the family as outlined in our Constitution.
Despite paying lip-service on this issue, to my knowledge, the established political parties have no policies other than long fingered moratoriums and toothless financial regulatory guidelines.
My anger has turned to action and I call on homeowners in negative equity to join with me and force our public representatives to deal with this issue and set up a Nama-type body for us the victims of their economic incompetence.
They only understand people power – remember the medical card for the elderly U-turn? I say enough is enough, let’s get together and demand fairness and action on this issue from our politicians. – Yours, etc,