Negative EquityNegative Equity occurs when a homeowner purchases a house using a mortgage and then the economy starts to slow or home prices start to drop. After the house purchase, the value of the home decreases below the value of the amount owed on the mortgage, causing negative equity. This ongoing series focuses on the people and families across Ireland who are now in negative equity with their home. This project began for me at home and has taken me on the roads of Ireland to meet some of the most inspiring people who have become the unseen casualties of the recession. In the end the property becomes irrelevant. The increasing debt and uncertainty of the future is what unites us.
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