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Not long ago, we heard in the press that the economic crisis had hit us, but it probably wasn’t going to be a problem with borrowing. Perhaps because we are more responsible borrowers than Western Europeans? Learn more at

Or because the banks did not give out their loans so senselessly? There were only humming answers to these questions, and no one knew why they thought Hungarian debtors would last longer than anywhere else in the world, where evictions and auctions – whether they were houses or cars – became regular.

The positive news of the initial period

The positive news of the initial period

Today, however, we know that after the positive news of the initial period, when the bankers also said that the problems were barely perceptible, very few of them were in trouble with their loans, and nowadays the crash has finally and with great force.

The number of repossessed cars is rising, which is less of a problem – of course, for someone who has been paying interest for years and is now taking away probably his second most valuable property after his house, this is the biggest problem. But what about those whose houses are being sold?

Well, they too deserve some life jacket from the banks backed by billions, right? Well no. The evictions go as if nothing happened. How many bankers would go to jail instead of letting others out after picking up some tens of millions of bonuses for saving our money from our money? Come on, what an anti-Semitic suggestion…

What Can Be The Cure Against Real Estate Auctions?


For example, since August last year, municipalities would have been able to buy real estate whose debt could not be repaid by troubled debtors. They could have bought it using their pre-emptive rights, but the municipalities bought NULLA apartments in this form. Whose fault is it? The municipality? They are happy to pay for the heating. It has long been a matter of raising salaries or making money for municipal libraries or sports facilities. Cities and villages are simply unable to pay. (And if they can, because they are so rich, then there aren’t very many who need it. There’s not much to hear about auctioning in the tent.)

However, last year, out of 260 homes, residents were taken to the streets, and at no time were municipalities rescuing them, saying they were buying an apartment and leasing it to the old owner. However, municipalities would even get a loan for this purpose. But it has to be paid back from scratch, which is quite a difficult task.

What’s the lesson from all this?


It is not to be trusted that some of the worst effects of the crisis will come to us that certain things cannot happen here.

And of course, the state and the banks should help, even more than they have done so far. People are already turning to people who have played our money in the banks with enormous hatred, and then they have put it back from our money, and now they show no humanity. (Although, in our country, bank rescue is not nearly as large as abroad, but the banker is just a banker wherever he is, this is a mass philosophy.)

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