It's a slippery slope it seems when it comes to ski holidays. Despite the snow laden pistes and optimum ski conditions, it seems our love affair with winter sports has been put on ice while the recession continues to hold us in its wintry grip. The numbers taking to the slopes is down by half on the 70,000 who travelled in 2007, according to the Sunday Business Post.
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Seems like the situation is becoming more desperate for mortgage holders - the Irish Independent predicts an avalanche of repossessions as new figures show that 6400 people stopped paying their mortgages more than a year ago. These homeowners are now almost certain to have their homes repossessed, says Charlie Weston.
Insurance company FBD got a rap over the knuckles for suggesting that householders leave their taps trickling all night in order to prevent their pipes from freezing in a pre-Christmas blog. Dublin City Council said the actions of FBD Insurance were "just not acceptable" when everyone nationwide is being urged to conserve water, the Irish Independent reports.
This is going to be the year - the year we finally get on top of our personal finances. Yes, come January we'll all be making similar promises to ourselves but there is a way - and it's not even too painful. There will be no forced selling of unwanted Christmas pressies on eBay (though that's not a bad idea), there will be no flogging the second car or the apartment in Turkey.
We all like to think we're smart and can see trouble ahead. So how come no-one spotted the largest bubble of them all? The biggest financial crisis since 1929 has affected everyone around the world, a massive bubble that blew spectacularly. We knew house prices were over-valued. We knew mortgage lending from banks was reaching ridiculous levels
It's not all depressing news on the property front. First time buyers (FTB) have the world at their feet. Once they have a mortgage in the bag (no mean feat in itself), they quite literally have their pick of the properties. And there are plenty of bargains out there. Reports this week that buyers in 2007 forked out €332,000 for a 65sqm apartment in one development...
Could it be, could it possibly be true? Ireland to become a world leader in, I can barely say it, broadband? It seems, after months and years of us moaning about how we’re stuck in the digital dark ages, change is gonna come. UPC, trading as Chorus NTL, is planning to launch Europe’s fastest broadband service to 600,000 homes, according to this week’s Sunday Business Post.
We’ve heard plenty of rants about the state of Ireland’s broadband service, but is our failure to stay connected having social, as well as economic, effects? Tim Adams in the Observer, is bemoaning the plight of the e-solated. Ten years ago, before the advent of Facebook, Twitter, YouTube and even Google, the idea of living without the internet was perfectly plausible. Now it’s like living without a limb.
Having been hinted at last week, WiMax burst forth in the last seven days to become the dominant broadband story on all the news pages.
Charlie Weston talks about the ups and downs of trying to get a mortgage in the current climate. With some advice on where to go.
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