Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

This is one of the ways the economy is going down the crapper....

  • 08-12-2009 1:54pm
    #1
    Closed Accounts Posts: 2


    Need to let off some steam at some events that p!**ed me of recently.

    I need to get a new mouse for my laptop at home, so I looked up the PC World site and found the Logitech LX8 £17.99. I tought ok if the £/€ rate was at abou 90cent that 10% and if I allow another 20% for tax/vat then I would be happy to pay maybe €25. Down to Airside and found the mouse........but holy crap it is €40 that is a 122.9% of a difference.

    Now if there is a truck of identical product being delivered to Dublin and to Aberdeen why should we be screwed over for not having UK post code. In fact forget Aberdeen; Derry and Belfast seem to have the same prices so the argument if offered by PC World of crossing the Irish Sea would not hold the lovely glowing Sellafield enriched water.

    So what did I do.....complain, absolutely.....that did nothing except bother the frightened manager.....probably just a stand in. He did not set the corporate policy to screw the Irish consumer anyway. After that I walked to Harvey Normans....MS travel mouse €9.....nice.


Comments

  • Registered Users, Registered Users 2 Posts: 7,692 ✭✭✭Dublin_Gunner


    The moral of the story?

    Unless you like paying over the odds, don't buy anything in PC World.

    Could have told you that well before your mouse excursion.


  • Closed Accounts Posts: 2,539 ✭✭✭jimmmy


    ;) Do not get mad, get even. Set up a shop here in Ireland selling mice. Pay your taxes from the profits you make. Do it better than PC world. Call your business RyanMice, the low cost mice providers.


  • Moderators, Science, Health & Environment Moderators Posts: 10,092 Mod ✭✭✭✭marco_polo


    Do you know if their bricks and mortar UK stores match their online prices? But in general you point about the pricing of most UK retailers holds. Certainly some, but not all of it, can be explained by the fact that this is an expensive country to do business in.

    Walking into PCWorld was your main mistake though.


  • Registered Users, Registered Users 2 Posts: 7,692 ✭✭✭Dublin_Gunner


    May I suggest that this thread be moved here:
    http://www.boards.ie/vbulletin/forumdisplay.php?f=235


  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    Speaking of PC World, I went to get an Iomega hard disk recently, it was on Pixmania for €120, in PC World, it was over €400, a bit over 3x the cost.

    I 'perused' the store for a bit, and everything in there seemed to be at least twice the cost of the shops which I would consider to be on the expensive side.
    I really cannot understand how they are still in business in this country.


  • Advertisement
  • Closed Accounts Posts: 369 ✭✭Rujib1


    jimmmy wrote: »
    ;) Do not get mad, get even. Set up a shop here in Ireland selling mice. Pay your taxes from the profits you make. Do it better than PC world. Call your business RyanMice, the low cost mice providers.

    The old adage is "build a better mouse trap, and the world will flock to your door". Now you probably want to tell me to keep my trap shut:eek:


  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    May I suggest that this thread be moved here:
    http://www.boards.ie/vbulletin/forumdisplay.php?f=235

    This thread should really be about whats wrong with the private sector and how to fix it.

    I'll shoot first: Rents.

    Commerical rent is way too high in this country.
    Fianna Fail have now adjusted the legislation:
    http://www.irishtimes.com/newspaper/breaking/2009/1201/breaking28.html?via=mr

    Somebody somewhere should have to take the hit.
    It cannot be the retailer, they'll go bankrupt.
    It cannot be the consumer, they'll go elsewhere (NI).
    It has to be the landlord.


  • Registered Users, Registered Users 2 Posts: 3,141 ✭✭✭masteroftherealm


    Dannyboy83 wrote: »
    This thread should really be about whats wrong with the private sector and how to fix it.

    I'll shoot first: Rents.

    Commerical rent is way too high in this country.
    Fianna Fail have now adjusted the legislation:
    http://www.irishtimes.com/newspaper/breaking/2009/1201/breaking28.html?via=mr

    Somebody somewhere should have to take the hit.
    It cannot be the retailer, they'll go bankrupt.
    It cannot be the consumer, they'll go elsewhere (NI).
    It has to be the landlord.

    Wow I agree with Dannyboy on something.
    Commercial rates are artificially high because landlords are attempting to keep their profit margins as they have been for the past 10 years, a totally unsustainable position that I personally have fallen prey to and that hit me very very very hard.


  • Closed Accounts Posts: 2,539 ✭✭✭jimmmy


    Dannyboy83 wrote: »
    This thread should really be about whats wrong with the private sector and how to fix it.

    I'll shoot first: Rents.

    Commerical rent is way too high in this country.
    Fianna Fail have now adjusted the legislation:
    http://www.irishtimes.com/newspaper/breaking/2009/1201/breaking28.html?via=mr

    Somebody somewhere should have to take the hit.
    It cannot be the retailer, they'll go bankrupt.
    It cannot be the consumer, they'll go elsewhere (NI).
    It has to be the landlord.

    Its more complicated than that. Some landlords are pension funds. Squeeze them more + you depress pensions more. Some small landlords / developers are going bust / insolvent.. Many businesses either own the property or are paying a mortgage on it, so attacking "landlords" will not help, especially with yields being so low and hany buildings being empty.

    The savings to be made are on the government expenditure. Reduce vat and reduce excise duty and people will not shop in N.I. Cut public service wages 40% to the EC average.


  • Closed Accounts Posts: 1,342 ✭✭✭Long Onion


    Dannyboy83 wrote: »
    This thread should really be about whats wrong with the private sector and how to fix it.

    I'll shoot first: Rents.

    Commerical rent is way too high in this country.
    Fianna Fail have now adjusted the legislation:
    http://www.irishtimes.com/newspaper/breaking/2009/1201/breaking28.html?via=mr

    Somebody somewhere should have to take the hit.
    It cannot be the retailer, they'll go bankrupt.
    It cannot be the consumer, they'll go elsewhere (NI).
    It has to be the landlord.

    Wait 'till you see what's going to happen to insurance premiums after the flooding!

    I think the whole situation is a giant rat's ass to be honest. The only thing that would sort it is if everyone took a 20% reduction across the board on everything - relatively speaking we would be no better off, but the economy as a whole would become much more competitive and we might attract a few more jobs.

    Employers PRSI is too high, Utilities are too high, Insurance costs are too high, Professionals fees are too high, the list goes on and on and on ...


  • Advertisement
  • Closed Accounts Posts: 380 ✭✭future_plans


    Have to agree with you lads here. Where I live there are new "mini" shopping complexes with dozens of empty units. Ask anybody who has considered leasing one of them and they will tell you that the rents are so high that one could not run a viable business out of them. If the likes of these owners (who in the post part are developers) can afford to and are able to sit these empty units, then maybe they do have too much cash in their pockets!


  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    jimmmy wrote: »
    ;) Do not get mad, get even. Set up a shop here in Ireland selling mice. Pay your taxes from the profits you make. Do it better than PC world. Call your business RyanMice, the low cost mice providers.

    only if it was that simple

    the guy would get a heart attack once he sees the amount of redtape, hidden taxes and paperwork involved


  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    Dannyboy83 wrote: »
    This thread should really be about whats wrong with the private sector and how to fix it.

    I'll shoot first: Rents.

    Commerical rent is way too high in this country.

    and instead of letting the prices fall in the market due to oversupply

    what do FF do?

    yep they buy up (NAMA) empty properties and keep them empty to keep the rents high

    its obscene


  • Closed Accounts Posts: 686 ✭✭✭bangersandmash


    jimmmy wrote: »
    Its more complicated than that. Some landlords are pension funds. Squeeze them more + you depress pensions more.
    It's inevitable that pension funds that were too heavily reliant on property are going to suffer. Peak commercial and retail rents are no longer sustainable. The most vocal opponents of banning upward only rent reviews were pension fund managers. But it's obvious that such practices were to the detriment of ordinary retailers.

    If we're going to make comparison to the EC or elsewhere, we can't ignore the fact that until 2008 Grafton St was in the top 5 of the world's most expensive retail streets in terms of rents. It's still in the top 10. Our high street rents should be comparable to Manchester or Newcastle, not Manhattan.

    Let's be realistic - consumers aren't going to care about the rental yield of the landlord who owns a retail unit. If rents are high and the cost is inevitably passed on to the consumer, then of course they're going to shop elsewhere.


  • Closed Accounts Posts: 2,539 ✭✭✭jimmmy


    Most rents in the country are not Grafton st. rents. If talking about cars, you do not talk about Rolls Royces. Most rents in the country are not that high - certainly with the rents being achieved no foreign investor is investing in Irish commercial property, as rents are not attractive enough.


  • Registered Users, Registered Users 2 Posts: 1,428 ✭✭✭MysticalRain


    Here's another example of huge price discrepancies:

    Sony Reader Touch Edition - Silver. €369.99

    Sony Reader Touch Edition - Silver. £249.99 (€275)


    That's €95 in the difference.


  • Closed Accounts Posts: 2,539 ✭✭✭jimmmy


    Set up a shop in Ireland selling them. Pay the taxes in Ireland. See how you get on.


  • Registered Users, Registered Users 2 Posts: 201 ✭✭Mcloke


    The moral of the story?

    Unless you like paying over the odds, don't buy anything in PC World.

    Could have told you that well before your mouse excursion.

    Replace PC World with Ireland :rolleyes:


  • Closed Accounts Posts: 34 john_d_baptist


    Rolfzilla wrote: »
    Need to let off some steam at some events that p!**ed me of recently.

    I need to get a new mouse for my laptop at home, so I looked up the PC World site and found the Logitech LX8 £17.99. I tought ok if the £/€ rate was at abou 90cent that 10% and if I allow another 20% for tax/vat then I would be happy to pay maybe €25. Down to Airside and found the mouse........but holy crap it is €40 that is a 122.9% of a difference.

    Now if there is a truck of identical product being delivered to Dublin and to Aberdeen why should we be screwed over for not having UK post code. In fact forget Aberdeen; Derry and Belfast seem to have the same prices so the argument if offered by PC World of crossing the Irish Sea would not hold the lovely glowing Sellafield enriched water.

    So what did I do.....complain, absolutely.....that did nothing except bother the frightened manager.....probably just a stand in. He did not set the corporate policy to screw the Irish consumer anyway. After that I walked to Harvey Normans....MS travel mouse €9.....nice.


    This is where I get all my stuff from, as does PC World and Harvey Norman, time to wise up and cut out the middle man

    http://www.dealextreme.com/products.dx/category.305


  • Closed Accounts Posts: 686 ✭✭✭bangersandmash


    jimmmy wrote: »
    Most rents in the country are not that high - certainly with the rents being achieved no foreign investor is investing in Irish commercial property, as rents are not attractive enough.
    As you say the yields relative to prices are poor, as is the case in the residential market. In both cases the solution is to reduce the price of the property to levels where rents being achieved are attractive to investors, rather than artificially maintaining existing rental levels to the detriment of retailers and consumers.


  • Advertisement
  • Closed Accounts Posts: 2,539 ✭✭✭jimmmy


    Most rents in the country are not that high - the average shop in Ireland - think of the tens of thousands of shops in the country - is not paying much more in rent than the average shop in UK or Germany. Government expenditure is the elephant in the room, and the governments attempt to raise enough tax to pay all these inefficient + overpaid public servants by jacking up the price of drink, cigs, cars etc.


  • Closed Accounts Posts: 686 ✭✭✭bangersandmash


    jimmmy wrote: »
    Most rents in the country are not that high - the average shop in Ireland - think of the tens of thousands of shops in the country - is not paying much more in rent than the average shop in UK or Germany. Government expenditure is the elephant in the room, and the governments attempt to raise enough tax to pay all these inefficient + overpaid public servants by jacking up the price of drink, cigs, cars etc.
    Perhaps. But I'm not sure how that's going to encourage foreign investors to hoover up our overhang of empty over-priced, poorly-built, poorly-located commercial properties.

    Raising rents to support zombie developers and mismanaged pension funds doesn't sound like a step on the path to restoring competitiveness.


  • Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    I went to buy a few PC games recently and did similar, priced them on the internet and went into to town to buy them thinking i'd happily enough pay 20-25% over the odds... but when the local prices are well over twice the online price no one in their right mind can justify making such a purchase (in one case 400%).


  • Closed Accounts Posts: 6,718 ✭✭✭SkepticOne


    Unfortunately for rents to come down it is going to mean bankruptcy for a lot of landlords with fixed loan repayments and tenants leaving. You can kind of see why they might try to maintain rents or even raise them as a means of holding on to their business a little bit longer. The adjustments that need to be made will not be easy.


  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    Here's another example of huge price discrepancies:

    Sony Reader Touch Edition - Silver. €369.99

    Sony Reader Touch Edition - Silver. £249.99 (€275)


    That's €95 in the difference.

    damn! thanks for link and there was me about to buy one

    edit: 289 euro on komplett > http://www.komplett.ie/k/ki.aspx?sku=508096


  • Closed Accounts Posts: 2,539 ✭✭✭jimmmy


    Raising rents to support zombie developers and mismanaged pension funds doesn't sound like a step on the path to restoring competitiveness.
    Nobody suggests raising rents. No rents are raising - many are falling as it is.
    As said already : " Most rents in the country are not that high - the average shop in Ireland - think of the tens of thousands of shops in the country - is not paying much more in rent than the average shop in UK or Germany. Government expenditure is the elephant in the room, and the governments attempt to raise enough tax to pay all these inefficient + overpaid public servants by jacking up the price of drink, cigs, cars etc."


  • Closed Accounts Posts: 1,616 ✭✭✭97i9y3941


    some stuff is overpriced because they know you cant go anywhere else in ireland for them,instance i was looking for some recordable dual layer dvds,i was looking at €25 for a pack of ten in argos,to which i knew i would probably get it cheaper off the net,to which i obtained a 25 pack from amazon uk for €18..


  • Closed Accounts Posts: 510 ✭✭✭seclachi


    jimmmy wrote: »
    ;) Do not get mad, get even. Set up a shop here in Ireland selling mice. Pay your taxes from the profits you make. Do it better than PC world. Call your business RyanMice, the low cost mice providers.

    After you go out of buisness he`ll probably realise there were plenty of tools out there still willing to pay pcworld 40 quid for the mouse and another 20 for a 5 year guarentee


  • Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    Here's another example of huge price discrepancies:

    Sony Reader Touch Edition - Silver. €369.99

    Sony Reader Touch Edition - Silver. £249.99 (€275)


    That's €95 in the difference.

    Much cheaper than that in Waterstones down here in Cork. 280 or something I think.


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 7,373 ✭✭✭Dr Galen


    nesf wrote: »
    Much cheaper than that in Waterstones down here in Cork. 280 or something I think.

    OT

    maybe so, but wait wait wait. Apple tablet is going to piss all over it! :)


  • Registered Users, Registered Users 2 Posts: 7,373 ✭✭✭Dr Galen


    Dannyboy83 wrote: »
    This thread should really be about whats wrong with the private sector and how to fix it.

    Did you really just say this?

    You know with all the bashathons going on here lately, I haven't heard an inkling about this at all. (I know I know, I could have posted it, but Danny is cleverer than me :))

    Great idea


  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    jimmmy wrote: »
    Most rents in the country are not Grafton st. rents. If talking about cars, you do not talk about Rolls Royces. Most rents in the country are not that high - certainly with the rents being achieved no foreign investor is investing in Irish commercial property, as rents are not attractive enough.

    They are high enough that the company I work for (who's office was destroyed in the floods) are still deliberating on where to resettle.

    If an established & profitable company face this dilemma, what is the future for new start ups..............


  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    jimmmy wrote: »
    Set up a shop in Ireland selling them. Pay the taxes in Ireland. See how you get on.

    I wouldn't, not based on stories like the following, not until there is some reform:
    http://www.irishtimes.com/newspaper/finance/2009/0917/1224254724590.html?via=rel

    Landlord locks store in dispute over rent


    STEVEN CARROLL



    STEVEN CARROLLSTAFF AT an upmarket ladies fashion retailer have been locked out of the Dublin city centre premises in a row over commercial rents.
    The confrontation is the latest illustration of the difficulties being experienced in the retail sector in paying rents negotiated at the height of the property boom.
    Monica John, located on South Anne Street, off Grafton Street, was closed yesterday. A sign posted on its front door by landlord Royal Liver Pensions stated that, due to a dispute over rent, the shop has been locked and the stock removed.
    John Murphy, a director of Monica John, which has two other shops in Co Cork, said the current rent on the premisis, some €108,000 annually, was negotiated four years ago during a period of high rents and economic growth that has since ended.
    The dispute emerged as Minister for Justice Dermot Ahern said that legislation providing for downward rent reviews on commercial properties for the first time would be introduced in December at the earliest.
    Responding to a Parliamentary Question from Labour TD Ciarán Lynch, Mr Ahern said a period of time would be needed to allow the market to factor in “the very significant changes” which were being introduced as part of the Land and Conveyancing Law Reform Act, 2009, which is to be enacted on December 1st.
    Mr Lynch said he was disappointed to see the Minister taking a wait and see approach to the matter, which has posed problems for hundreds of retailers, and accused Mr Ahern of burying his head in the sand and hoping that the retail sector would be perfomring better come December.
    Irish retailers are paying out some of the highest rent values in Europe,” Mr Lynch said.
    A campaign to end the upwards-only clause connected to commercial rents was mounted during the summer by tenants of shops on Dublin’s Grafton Street where about half the stores are said to be “over rented” by at least 20 per cent.
    Mr Murphy said yesterday that he was out of the country when he heard that Monica John had been removed from the premises, where it has been operating since 1990.
    The news came as a surprise as he felt the outstanding balance of rent was not particularly high.
    “Our business has fallen considerably since we last negotiated a deal on our rent and we have been trying to get it reduced,” he said.
    “Interest rates are down and we thought the landlord might be willing to talk to us. We have a rent review coming up next September and they said that rents are probably going to go up.”
    Mr Murphy said he would be looking for a new premises in Dublin and that the stock removed from the shop would be collected.
    A spokesman for Royal Liver in Dublin said he could not discuss the matter. Attempts yesterday to contact the societys UK-based property manager, Peter Fane, were unsuccessful.
    David Fitzsimons, chief executive of Retail Excellence Ireland, which represents 580 companies with 8,000 shops, said rent increases are one of the biggest contributors to business failure in the retail sector which has seen 19 consecutive months of decline.


  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    Did you really just say this?

    You know with all the bashathons going on here lately, I haven't heard an inkling about this at all. (I know I know, I could have posted it, but Danny is cleverer than me :))

    Great idea

    Cheers mate
    It was mentioned in the Big Ignorant Fellow from Offally thread.
    http://www.boards.ie/vbulletin/showthread.php?p=63375940#post63375940


    We cannot be all preachy about public sector reform and then ignore the private sector. If we are going to deflate the economy to the tune of 4billion next year, private sector reform is extremely urgent to start trading our way out of the depression quicksand we are sinking into.


  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    jimmmy wrote: »
    Most rents in the country are not that high - the average shop in Ireland - think of the tens of thousands of shops in the country - is not paying much more in rent than the average shop in UK or Germany. Government expenditure is the elephant in the room, and the governments attempt to raise enough tax to pay all these inefficient + overpaid public servants by jacking up the price of drink, cigs, cars etc.

    I think we've already tackled Public sector reform and the cuts are going through and hopefully reform will come. So we can leave that aside.
    We need to focus on the private sector now.

    I want you to look at this link I'm gonna post:
    http://propertyvultures.game-server.cc/student/servlet/MySQLsearch3rent?county=Cork&region=&month=Nov09

    This contains stats tracking the fall in rent all over Ireland based on the Daft database.

    I've recently been looking for a new apartment (holding out on property market collapse before I buy in 2011ish assuming all things go well) and I've been really pleasantly surprised by some of the drops I've seen in rental accommodation. (and apparently Cork has been bucking the trend relative to other counties in Ireland)

    If you look at that link, you can see that some places have had drops of over €300.

    Now if a landlord has been able to pass on a saving of 33% and still be profitable not to mention just break even, I would like to know how much exactly they have been profiting/extorting since 2004. (and I don't believe 33% could be entirely account for by interest rates)


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 2,658 ✭✭✭old boy


    the only two words landlords use are footfall numbers, but they forget that all the numbers are not buying, just killing time, and in some cases keeping warm.


  • Registered Users, Registered Users 2 Posts: 3,553 ✭✭✭lmimmfn


    regarding the OP, well ireland has been a total rip off regarding PC's since i used to use postal orders to get 8 bit games for half the price from the uk in the mid-late 80's, so nothings really changed.

    I always always buy my PC hardware from uk online retailers, apart from having more of a selection you'll save a fortune, you can get the odd rare good deal here, but its very very rare, and PC world FTW!

    Ignoring idiots who comment "far right" because they don't even know what it means



  • Registered Users, Registered Users 2 Posts: 7,373 ✭✭✭Dr Galen


    agreed. as had often been stated here, and it's true. The Private sector generate wealth and revenue. If we don't get things sorted there, then we really are screwed. It's going to be private enterprise that does go a long way to getting us out of this mess.

    Rental prices are certainly one thing, but without governement intervention, it's gong to be hit and miss how that goes. I'm not advocating governement intervention btw, the less of that the better in my opinion.

    The supports we give to new and startup businesses need to be looked at though I feel.

    For example, I've been helping two friends of mine with a new business lately. It's nothing massive, it's not going to become the new Ryanair ;) but has the potential to do well, even in these days. The guys have sunk some money into it, I've done the same, helped out with a bit of marketing and sales stuff etc. All going well. Problem is though that its an internally focused market, that is to say that we won't be exporting anything, we will be operating solely with an Irish customer base. For that type of thing it is very difficult to get any support from the government. It's pretty much go it alone and see how nice banks and people will be to you. This is despite the fact that the particular area has both direct employment possibilities and has a direct knock on effect into other sectors, providing custom for them. Its a win win situation. The exchequer gets our taxes, our future employees taxes plus taxes and revenue from the end products from our customers!

    Incubation is also something we're not great at. Sure, we need to be careful about who we invest in as a state, but for example Google or Microsoft in the beginning would not have got funding or much support from our government. We need to foster a culture that allows people to at least try and make something, indigenous enterprise seems to be alien to us?

    For anyone who says that "ah well, like Google, silicon valley etc etc" look at Nokia. Where are they based? Thats right.......fecking Finland. A country with a similar population to ours, weird names just like us and who acheived proper independence about the same time we did.


  • Registered Users, Registered Users 2 Posts: 1,858 ✭✭✭GSF


    Commercial rates are artificially high because landlords are attempting to keep their profit margins as they have been for the past 10 years, a totally unsustainable position that I personally have fallen prey to and that hit me very very very hard.
    If commercial rents drop the maths of NAMA dont make sense (if they ever did in the first place?). So the choice is high retail prices or paying the bill for NAMA.


  • Registered Users, Registered Users 2 Posts: 3,553 ✭✭✭lmimmfn


    agreed. as had often been stated here, and it's true. The Private sector generate wealth and revenue. If we don't get things sorted there, then we really are screwed. It's going to be private enterprise that does go a long way to getting us out of this mess.
    Ive argued this point until im blue in the face, but PS/CS are completely unwilling to accept that and instead dont really seem to care if 90% of the private sector are on the dole as long as theyre not affected.

    Ignoring idiots who comment "far right" because they don't even know what it means



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    GSF wrote: »
    If commercial rents drop the maths of NAMA dont make sense (if they ever did in the first place?). So the choice is high retail prices or paying the bill for NAMA.

    Good opinion piece here by Morgan Kelly
    http://www.irisheconomy.ie/index.php/2009/07/03/morgan-kelly-on-the-irish-banking-rescue/


  • Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    OT

    maybe so, but wait wait wait. Apple tablet is going to piss all over it! :)

    Meh to Apple, meh!


  • Registered Users, Registered Users 2 Posts: 7,373 ✭✭✭Dr Galen


    nesf wrote: »
    Meh to Apple, meh!

    i'll respond to this once you get back online following your 44th windows crash of the day..... ;)


  • Registered Users, Registered Users 2 Posts: 16,288 ✭✭✭✭ntlbell


    i'll respond to this once you get back online following your 44th windows crash of the day..... ;)

    hello 1998!

    how you doooin? ;)


  • Closed Accounts Posts: 510 ✭✭✭seclachi


    agreed. as had often been stated here, and it's true. The Private sector generate wealth and revenue. If we don't get things sorted there, then we really are screwed. It's going to be private enterprise that does go a long way to getting us out of this mess.

    Rental prices are certainly one thing, but without governement intervention, it's gong to be hit and miss how that goes. I'm not advocating governement intervention btw, the less of that the better in my opinion.

    The supports we give to new and startup businesses need to be looked at though I feel.

    For example, I've been helping two friends of mine with a new business lately. It's nothing massive, it's not going to become the new Ryanair ;) but has the potential to do well, even in these days. The guys have sunk some money into it, I've done the same, helped out with a bit of marketing and sales stuff etc. All going well. Problem is though that its an internally focused market, that is to say that we won't be exporting anything, we will be operating solely with an Irish customer base. For that type of thing it is very difficult to get any support from the government. It's pretty much go it alone and see how nice banks and people will be to you. This is despite the fact that the particular area has both direct employment possibilities and has a direct knock on effect into other sectors, providing custom for them. Its a win win situation. The exchequer gets our taxes, our future employees taxes plus taxes and revenue from the end products from our customers!

    Incubation is also something we're not great at. Sure, we need to be careful about who we invest in as a state, but for example Google or Microsoft in the beginning would not have got funding or much support from our government. We need to foster a culture that allows people to at least try and make something, indigenous enterprise seems to be alien to us?

    For anyone who says that "ah well, like Google, silicon valley etc etc" look at Nokia. Where are they based? Thats right.......fecking Finland. A country with a similar population to ours, weird names just like us and who acheived proper independence about the same time we did.


    Nobody wants to take pay cuts, nobody wants to decrease rent, nobody wants to sell something for less than what they brought it. This is our major Achilles heel with the euro, because printing money is the simple way around this problem (when it works, as opposed to when it goes all Zimbabwe). Tbh I think its a case of waiting until inflation has regained the lost ground before everything gets sensible again.


  • Registered Users, Registered Users 2 Posts: 3,553 ✭✭✭lmimmfn


    seclachi wrote: »
    Nobody wants to take pay cuts, nobody wants to decrease rent, nobody wants to sell something for less than what they brought it. This is our major Achilles heel with the euro, because printing money is the simple way around this problem (when it works, as opposed to when it goes all Zimbabwe). Tbh I think its a case of waiting until inflation has regained the lost ground before everything gets sensible again.
    i think saying nobody there is a bit strong, i have no problem taking a cut in the private sector if:
    1. PS cost is reduced
    2. minimum wage is reduced
    3. Welfare is reduced.
    Why? because the cost of living in ireland is determined by the least common denominator, i.e. welfare, if the minimum wage is decreased then as a crap example things like Mc D's burgers will decrease, as will small business services like laundry. If everything is cut then it wil perculate through the system to a reduced cost of living, what happened in the celtic tiger was an example of it going in the complete opposite direction.

    Consumers largely determine the value of a service or good, the less money people have the more they will have to shop around and that will mean anyone ripping off will get hurt badly, of course that doesnt affect areas which have monopolys like the drinks industry or arguably Tesco/Dunnes keeping nigh on the exact same prices for the majority of goods.

    Ignoring idiots who comment "far right" because they don't even know what it means



  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    Dannyboy83 wrote: »
    and apparently Cork has been bucking the trend relative to other counties in Ireland

    ah yes Irish Venice is special


  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    ei.sdraob wrote: »
    ah yes Irish Venice is special

    LOL, its the tv industry, Water Rats season 19 is being filmed in Cork now biy;).


Advertisement