Van Posted April 8, 2009 Share Posted April 8, 2009 (edited) An excellent article in today's Times. Don't know if it's been posted already. http://business.timesonline.co.uk/tol/busi...icle6054846.ece Edited April 8, 2009 by Van Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted April 8, 2009 Share Posted April 8, 2009 it was only a partial dream. a lot were priced out form the start. Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted April 8, 2009 Share Posted April 8, 2009 "Moreover, bewilderment about how Ireland has got into this mess so suddenly is turning to anger" I think they'll find the clue is in the words "Over", "Priced", "Housing" & "Market" Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted April 8, 2009 Share Posted April 8, 2009 Absolutely unbelievable. Everyman and his dog wanting to be a property developer. And now its the banks fault for lending them the money. Dickheads. Quote Link to comment Share on other sites More sharing options...
muggle Posted April 8, 2009 Share Posted April 8, 2009 ...The U-turn was prompted by publication of catastrophic exchequer figures revealing a black hole opening up in the public finances. Tax revenue was down by €1.8 billion (£1.6 billion) for the first two months of the year, compared with a deficit of €124 million for the same period in 2008. It means that there will have to be radical - even savage - cuts in public spending and tax rises. At least the Irish Government are dealing with the issue, rather than increasing spending as we seem to be doing here! Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted April 8, 2009 Share Posted April 8, 2009 Absolutely unbelievable. Everyman and his dog wanting to be a property developer. And now its the banks fault for lending them the money. Dickheads. Exactly. pathetic. Quote Link to comment Share on other sites More sharing options...
SMAC67 Posted April 8, 2009 Share Posted April 8, 2009 At the property developers are topping themselves. If more did this the world would be a better place. As for the banksters, yep, they do indeed need to JUMP! Quote Link to comment Share on other sites More sharing options...
@contradevian Posted April 8, 2009 Share Posted April 8, 2009 Absolutely unbelievable. Everyman and his dog wanting to be a property developer. And now its the banks fault for lending them the money. Dickheads. Yes idiots. Not like us at all. Quote Link to comment Share on other sites More sharing options...
chelston Posted April 8, 2009 Share Posted April 8, 2009 The Irish Goverment wants dole payments to come in to line with the U.K. The dole in Ireland is 206 euro's a week, so expect social unrest when this comes in to effect. Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted April 8, 2009 Share Posted April 8, 2009 Why would this not happen in the UK? Serious question. Our bubble wasnt quite as big and we have devalued relative to the Euro but there are more similarities than differences IMO. Is it just the UK govt has a large borrowing (debt) capacity, how long can that last? VMR. Quote Link to comment Share on other sites More sharing options...
Brave New World Posted April 8, 2009 Share Posted April 8, 2009 Tere was a greaqt piece in the Sunday Times supplement two weeks ago about the rapid slide of their economy. Interesting bits pointing out that this new found wealth was even less becoming for them than our lot of noveau riche here. Quote Link to comment Share on other sites More sharing options...
PropertyGuru Posted April 8, 2009 Share Posted April 8, 2009 the word 'dream' should read 'fantasy' Quote Link to comment Share on other sites More sharing options...
jocohen Posted April 10, 2009 Share Posted April 10, 2009 Its a good thing so many irish people tend to be pragmatic but things are terrible there. A decent nation sucked in by short term greed and now generations will pay for their debt - outrageous Quote Link to comment Share on other sites More sharing options...
Michael Posted April 10, 2009 Share Posted April 10, 2009 yes,i knew something was not quite right with the new Ireland.........because when i was younger all the Irishmen i met wore scruffy clothes , drank 15 pints of beer a night and dug holes in London's roads and all of a sudden all the ones i met were slick-suited dudes who looked like David O'Leary or the other O'Leary from Ryanair............... Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted April 10, 2009 Share Posted April 10, 2009 I don't know about the Irish, but living in the shadow of a huge property bubble certainly wouldn't have been a dream for me. Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted April 10, 2009 Share Posted April 10, 2009 Its a good thing so many irish people tend to be pragmatic but things are terrible there. A decent nation sucked in by short term greed and now generations will pay for their debt - outrageous Ireland are just a bit ahead of us here. The place they find themselves now is the place we will be towards the end of the year. Quote Link to comment Share on other sites More sharing options...
Hawk Posted April 10, 2009 Share Posted April 10, 2009 All this aside from what I understand from watching Bloomberg yesterday, Ireland are in a far better position to weather the storm than the UK. The argument was Ireland have a far better living standard than we do in the UK and could even take another 20% drop before they are at the level we’re at. The other argument was the overall debt the country is in – Nothing like and no where never the whole we’ve dug ourselves in to. H Quote Link to comment Share on other sites More sharing options...
@contradevian Posted April 10, 2009 Share Posted April 10, 2009 Absolutely unbelievable. Everyman and his dog wanting to be a property developer. And now its the banks fault for lending them the money. Dickheads. Yes idiots the lot of them. Not like the sensible UK at all. Quote Link to comment Share on other sites More sharing options...
Abstra Posted April 10, 2009 Share Posted April 10, 2009 (edited) At least the Irish Government are dealing with the issue, rather than increasing spending as we seem to be doing here! I hate to point this out but tax rises and public spending cuts as a total pancea to the problem is going to make the situation a lot worse. It could still be worse than that if the IMF get involved with domestic policy. Its all over then. Mass migration to the UK mainland would then be inevitable even if the situation here was not what one would call very attractive. Edited April 10, 2009 by Abstra Quote Link to comment Share on other sites More sharing options...
pokercola Posted April 10, 2009 Share Posted April 10, 2009 I met a lovely Irish girl whist travelling in New Zealand. She was in London the other day so I met up with her for a drink. I asked her about how Ireland is doing with the economy and everything. She said things are bad. She is unemployed and on the dole. BUT she said overall she was happy because everyone in her country had become too greedy and she didn’t like what the ‘New Ireland’ was becoming. If you can think about things in these terms then it all suddenly doesn’t seem so bad. Quote Link to comment Share on other sites More sharing options...
yelims Posted April 10, 2009 Share Posted April 10, 2009 (edited) All this aside from what I understand from watching Bloomberg yesterday, Ireland are in a far better position to weather the storm than the UK. The argument was Ireland have a far better living standard than we do in the UK and could even take another 20% drop before they are at the level we’re at. The other argument was the overall debt the country is in – Nothing like and no where never the whole we’ve dug ourselves in to. H yaha things are badTM but not like people are starving or going cold, the ******* are getting 205 euro a week on dole and then there are other handouts such as rent etc, whats a 20% drop for average person here, no shopping trip to new york (yes it was that crazy that people flew across ocean to go shopping!) ? no new BMW or SUV this year? people are actually nicer to you in shops once again! prices for everything is falling... personally this whole thing is not affecting me as i stayed far away from property, only thing hitting me are increased taxes, but im glad the government is taking steps in cutting public sector and bloated welfare, i would rather that than wake up one morning and find everything i own is worth 30% less (ahem the brittish pound ahem) or that my government is printing enough money to be wiping my ass with in few months (ahem quantitive easing ahem) this recession is what the country needed and will knock sense into people who got their heads so far up their arses in meantime im gonna sitback and wait for the day i can buy a house to LIVE in Edited April 10, 2009 by yelims Quote Link to comment Share on other sites More sharing options...
jocohen Posted April 13, 2009 Share Posted April 13, 2009 I met a lovely Irish girl whist travelling in New Zealand. She was in London the other day so I met up with her for a drink.I asked her about how Ireland is doing with the economy and everything. She said things are bad. She is unemployed and on the dole. BUT she said overall she was happy because everyone in her country had become too greedy and she didn’t like what the ‘New Ireland’ was becoming. If you can think about things in these terms then it all suddenly doesn’t seem so bad. what i like about the irish is that so many thought this was going to happen even when they were in the middle of it. I never felt the Irish really bought into being rich based on debt. If they can get out of the shackles of the franco-german alliance then they will eventually recover Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.