Sir, – With reference to AJ Quinn’s letter (April 16th) I also fail to understand why the purchase of a property does not come with the usual warnings we get with most financial investment instruments.
We thought we would never forget the lessons from the last economic collapse. However, it would appear that many people need to be constantly reminded that over a 20- or 30-year mortgage term the price of properties and the size of wage packages can decrease as well as increase. Yours, etc,
PETER McNAMARA,
Ashbrook,
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Ennis Road,
Limerick