The Irish Times reporting that record home repossessions are exceeding each month and with that the homeless rate increases more than ever. Ireland is desperate for a similar deal to get away from the absolute psychotic agenda that plagues the entire west at this time. Immigration surges and banks want possession of the homes in order to rent them to in many cases newly found illegal immigrants that have been surging increasing for the past decade or so.
They are reporting there will be about 25,000 home repossessions in the coming year or so which is by far the most ever seen in Ireland.
Worryingly for the Government, already engulfed in a homelessness and housing crisis, the figures show that in every month last year applications to repossess primary family homes far exceeded those for buy-to-lets.
In December, for example, 694 bills to repossess family homes were lodged across the State compared with 21 for buy-to-lets and 167 for other/unknown dwellings. In November, 350 applications were in respect of primary homes, 24 were for buy-to-lets and 67 for other/unknown dwellings.
David Hall, of the Irish Mortgage Holders’ Association, said the preponderance of primary family homes in the repossession figures did not surprise him. “The banks can get a rental income from the buy-to-lets whereas with a family home they want the residents out so they can sell it.”
Figures published last week by the Central Bank show there were 110,366 residential mortgage accounts, 14.5 per cent of the total, in arrears at the end of 2014.
Next wave of the housing crisis
“The Government should be terrified of these figures which are only going to escalate. I estimate we will see 25,000 homes repossessed this year. This is not just a debt crisis. This is the next wave of the housing crisis.”
In all, 1,063 court orders for repossession were granted last year, an average of 88 per month. The highest number, 253, were granted in Dublin, followed by 84 in Cork, and 50 in each of Waterford and Limerick.
In the commuter counties, 48 repossession orders were granted in Meath last year, where 607 applications for repossession had been lodged, leaving 564 still active. In Kildare, 48 repossession orders were granted last year where 453 had been sought, leaving 405 still active; and in Wicklow, 33 repossession orders were granted, 288 having been sought last year.
The counties where the fewest orders were granted were Sligo, with just six; Galway, where nine were granted; and Kilkenny and Donegal with 13 orders each.
This is part of the equality plan in many senses of the word. Every time real estate has a crisis, it levels pricing and rates so that immigration will flood these areas effectively eliminating any type of segregation and pushing the westerners out. We believe that another crisis will likely hit America in the coming year or so which will further damage the local communities that have developed over the years.