yes it is worth getting excited about. The sheer injustice and sectarianism here is shocking. Why should one group of people get away with it and while absolutely everyone else gets nailed to the wall?

Posted this already elsewhere but

http://www.jobs.ie/ApplyForJob.aspx?Id=1181554

and this is what their permanent employees enjoy

Staff Benefits
We offer attractive benefits, rewards and work-life balance to help us continue to attract, motivate and retain the best people.

Benefits
Generous salaries
Pension - 8% employer contribution, 4% employee contribution
Death in service - 4 times salary
Income Continuance Plan
Employee Assistance Programme
Relevant Professional memberships (Subject to BIK)
Sick Pay scheme
Social club contribution
Topped up maternity benefit
Training and development programme
22 days paid leave per annum (plus office closure for Good Friday and Christmas – days decided by Clúid Chief Executive)
Additional leave for long service
Career breaks
Job Sharing
VHI – 10% Discount
PLEASE NOTE THAT SOME BENEFITS ARE ON A PRO-RATA BASIS FOR PART-TIME EMPLOYEES.

Words fail me here. I know someone who has never had a proper job in her life despite being bright, talented and well-connected and she has a Cluid apartment for which she pays 19 euros a week, her reward for long term unemployment.

I am not sure that using the word sectarianism in this context is quite appropriate.
I hold out no hope that everybody will be treated equally in this state. I have no doubt that there will be some winners (or at least they don't lose what they should) in the fallout from the property bubble. What I do believe though, is that there will be a fallout, and sooner or later, that it will happen. This scheme will not have any material impact on the fallout. If it was an attempt to deal with all arrears, then I'd be worried. I speak as one who is proverbially nailed to the wall, a relatively high-earning, single, property renter.

It's wrong but I'll live with it, as it is not enough to shape the future market.

This is it though, isn't it? With everything. Wherever you go, you're going to be the only financially sensible person in an insane world where those who bought property because it was "a sure thing" are given a digout with your money. Those who can't/won't work are given what they need with your money. The rich don't have to pay their share because we want them to stay in the country and invest their money, or they've figured out a loophole to avoid contributing. The banks want a digout with your money.

What's the solution? Do I need my own island/country where people have to answer a questionnaire to gauge their common sense?

Fill in the blanks
1. Rent is ____ money.
2. Property prices only go __.
3. etc.

Sorry for the ramble.

Hmm...need to work on my maths it seems...

I loved that leaflet. What are the disadvantages - it's no longer your house and you won't be able to make changes without permission. THAT"S IT

Does anyone have any insight as to what would happen in the following scenario;

An individual or couple find themselves in a situation whereby they qualify for this scheme. Lets assume its through the loss of a job or significant reduction in gross income. The transaction takes place and the HA becomes the owner/landlord to the property, with the previous owner/occupier becoming the tenant. After a short number of years (lets say 3-5), the tenants circumstances improve to a level comparable to when they took out the original mortgage.

How does that affect their status within the programme and their continued participation in the scheme? Is their level of rent set by their 'ability to pay', by market rates or some other calculation? Presumably, they are considered tenants in an unfurnished property, and long term ones at that, with all the associated rights.

Blue Horseshoe

not only does the money ultimately come from the taxpayer, but cluid wants private finance to get their cut too

http://www.cluid.ie/_fileupload/Bursary ... 20copy.pdf
Is this another way to siphon off public money into private hands, with the tax payer getting screwed all the time?

this scheme makes me sick to my stomach. once again, as if it were a surprise, the private renter in ireland is totally laughed out of it. i realise now i am a complete fool here, working 12hr shifts, day & night, paying sky high rent in dublin, and for what? nothing.

How can we fight this?

Can we start and advocacy group? Nobody is standing up for the poor fuckers expected to pay for all this. The 20% of the population who are in trouble are completely dictating the agenda.

Irish Property Users' Association...

Hmm...I'm not sure about that apostrophe. Might be as well without.

More from the comments page:

So Ginger doesn't know,doesn't think we need to know! I despair,I really do.

how is the €220k "value" calculated?
what's the reference point?
220k buys a lot of house these days, and will buy more in the not too distant future
(2pack's soothsaying abilities not withstanding)

I think the 3,500 families quote is from Cluid, but on the RTE section link quoted in the first post:
Ms O'Sullivan said the scheme was for a very defined section of the population, and will apply to around 100 families in its first year.

My question is: how is it sensible to enact legislate and set up systems/bureaucracy for such a small number/percent of the population?

*cough* http://www.homechoiceloan.ie/ *cough*

How many did they do in the end?

Less than ten I believe...