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Worst Purchase During Boom Award

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2

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    #32
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    gurramok wrote: »
    .

    In this context, I did laugh at people(who I did not know) queueing up to purchase apts at 300k+ in '05/'06 in non-posh areas taking on 35yr mortgages as deep down I thought they were indeed lunatics. :)

    .

    posh area or not, 05/06 or not, 300k or not anybody that buys / bought (sorry took out a long term lease) on an apartment in a lunatic in my book ;) but Im not going to start a thread to laugh at them either :)


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    #33
    Treehouse72
    Registered Users Posts: 1,003 ✭✭✭Treehouse72


    D3PO wrote: »
    Rather than pour scorn on other house purchasers you need to ask yourself why so called family and friends humiliated you back during the boom.


    I don't need to ask myself that question cause I already know the answer: hubris, stupidity and bubblethink. They didn't do it because they were evil, they did it because they didn't spot the bubble and couldn't see how much it was warping their minds and actions.


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    #34
    Highly Salami
    Registered Users Posts: 216 ✭✭Highly Salami


    D3PO wrote: »
    posh area or not, 05/06 or not, 300k or not anybody that buys / bought (sorry took out a long term lease) on an apartment in a lunatic in my book ;) but Im not going to start a thread to laugh at them either :)

    why? whats wrong with buying an appartment (at a reasonable price)?


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    #35
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    Treehouse72 wrote: »
    I don't need to ask myself that question cause I already know the answer: hubris, stupidity and bubblethink. They didn't do it because they were evil, they did it because they didn't spot the bubble and couldn't see how much it was warping their minds and actions.

    Perhaps. I mean I had / have friends that didnt buy, that were renting and family members aswell. I never once considered commenting or forcing my opinion on them though, or making them feel silly for not purchasing. Im not insunuating they were evil but they were I would suggest at the very least they were patronising.


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    #36
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    Highly Salami wrote: »
    why? whats wrong with buying an appartment (at a reasonable price)?

    theres nothing wrong per say. Everybody makes their own lifestyle choices. I personally wouldnt be able to put up with apartment living so therfore apartment owners are lunatics ;):p

    Seriously though I think if you did a poll of people living in apartments and asked them if they would rather live in an apartment or house you would find most would vote house.


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    #37
    mathie
    Registered Users Posts: 5,102 ✭✭✭mathie


    D3PO wrote: »
    This thread is tasteless and Im really surprised the Mods havent locked it.

    I don't agree.

    It seems we had two schools of thought during the boom.
    Those who thought it was a good time to buy and those who though it wasn't.
    So for years the majority preached about how much their house was 'worth' and how much it had increased in value.
    That kind boast sickens me to my stomach.

    So if things were talked up on the way up then why not talk them down on the way down?

    On a related note I was recently in Australia and read in a paper that people need not fear as house prices were set for 10 - 12% increases that year in Sydney. It was lauded as a great thing.

    So now I'm glad here it's fully exposed for what it was.


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    #38
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    mathie wrote: »
    I don't agree.

    It seems we had two schools of thought during the boom.
    Those who thought it was a good time to buy and those who though it wasn't.
    So for years the majority preached about how much their house was as.

    I would say there were 3 categories. The 2 you mentioned plus the those who thought it was good to buy but couldnt afford to.


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    #39
    Jaysoose
    Closed Accounts Posts: 3,212 ✭✭✭Jaysoose


    D3PO wrote: »
    I would say there were 3 categories. The 2 you mentioned plus the those who thought it was good to buy but couldnt afford to.

    4. Sickened to the core
    5. bullied by family and friends for not buying.


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    #40
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    mathie wrote: »
    I don't agree.

    So for years the majority preached about how much their house was 'worth' and how much it had increased in value.
    That kind boast sickens me to my stomach.

    So if things were talked up on the way up then why not talk them down on the way down?

    Fair point I always found the my house is worth X thing stupid to be honest. I didnt give a rats ass what my house was "worth" during the boom and honestly dont give a rats ass now either despite bieng in neg equity. This only matters if you are going to sell.


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    #41
    Oliver1985
    Registered Users Posts: 1,304 ✭✭✭Oliver1985


    Tasteless thread!
    I didnt buy at the top , but it seems some people on this site have nothing better to do then make fun of other peoples misfortune!!


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    #42
    ocokev
    Closed Accounts Posts: 373 ✭✭ocokev


    My neighbour had no difficulity flashing his cash BMW X5 etc during the good times. Looking down on me in my 7 year old golf, bullying people off the road. Big parties and bbqs for all his friends, pool table 50" plasma and he reminded everyone that he had 3 holidays every year. Now he lives with his parents, drives their old peougeot and has nothing to do all day.
    Should i feel sorry for him?


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    #43
    waffleman
    Registered Users Posts: 580 ✭✭✭waffleman


    The only people I have sympathy for are people who started families during the boom and wanted the stability of owning their own home as opposed to renting. They paid over the odds and are now suffering.

    However I know of many people who took 100% mortgage after 100% mortgage on properties planning to rent out for a few years then sell on to some other mug for a profit. I also know of people who bought houses to live in while building their dream house somewhere else (once again to sell for profit) and are now stuck with 2 mortgages. The attitude was "sure everyone's doing it - ye have to be in to win".

    Well they were in alright and they lost big time. Greed pure and simple. I don't like to see families lose their homes but I do like seeing certain people who preached to others and got well above their station cut down to size.


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    #44
    Zulu
    Registered Users Posts: 10,965 ✭✭✭✭Zulu


    I notice from these & other similar threads that either a load of people are:

    a) very poor at choosing friends, & assoicate with people who'd be crass enough to arrogantly boast about their wealth or,
    b) are jellous & bitter people.

    If your friend had bought at the height of the market, and was now suffering with horrendous debts, or has lost their job, you should feel sorry for them - they're your friend.

    If you revel in a neighbours angst because they "lorded it over you" before - then you are no better than them; you are the very same as them. Thats hardly something to be proud of, is it?

    So kudos, you're as much of a dick as they are.


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    #45
    Jaysoose
    Closed Accounts Posts: 3,212 ✭✭✭Jaysoose


    ocokev wrote: »
    My neighbour had no difficulity flashing his cash BMW X5 etc during the good times. Looking down on me in my 7 year old golf, bullying people off the road. Big parties and bbqs for all his friends, pool table 50" plasma and he reminded everyone that he had 3 holidays every year. Now he lives with his parents, drives their old peougeot and has nothing to do all day.
    Should i feel sorry for him?


    You sure showed him.....:rolleyes:


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    #46
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    ocokev wrote: »
    My neighbour had no difficulity flashing his cash BMW X5 etc during the good times. Looking down on me in my 7 year old golf, bullying people off the road. Big parties and bbqs for all his friends, pool table 50" plasma and he reminded everyone that he had 3 holidays every year. Now he lives with his parents, drives their old peougeot and has nothing to do all day.
    Should i feel sorry for him?

    Theres a difference between living beyond their means and buying during the bubble in fairness. Do I have sympathy for him ? No do I feel the need to poke fun at him ? No

    Launghing at others misfortune no matter in what context isnt right.


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    #47
    waffleman
    Registered Users Posts: 580 ✭✭✭waffleman


    Zulu wrote: »
    I notice from these & other similar threads that either a load of people are:

    a) very poor at choosing friends, & assoicate with people who'd be crass enough to arrogantly boast about their wealth or,
    b) are jellous & bitter people.

    If your friend had bought at the height of the market, and was now suffering with horrendous debts, or has lost their job, you should feel sorry for them - they're your friend.

    If you revel in a neighbours angst because they "lorded it over you" before - then you are no better than them; you are the very same as them. Thats hardly something to be proud of, is it?

    So kudos, you're as much of a dick as they are.

    Wrong. If I went up to them and said "You know that advice you were giving me about buying into the boom - well you look like a bit of a twat now don't you" then your last statement above would be true. I doubt anyone on this thread has done this. So keep your dick comments to yourself.


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    #48
    ZYX
    Registered Users Posts: 882 ✭✭✭ZYX


    waffleman wrote: »
    Wrong. If I went up to them and said "You know that advice you were giving me about buying into the boom - well you like a bit of a twat now don't you" then your last statement above would be true. I doubt anyone on this thread has done this. So keep your dick comments to yourself.

    Ah, so he said you were a twat for not buying during the boom. Well you didn't say that. Obviously if he didn't call you a twat for not buying then Zulus comment makes sense to me.


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    #49
    Zulu
    Registered Users Posts: 10,965 ✭✭✭✭Zulu


    waffleman wrote: »
    Wrong. If I went up to them and said "You know that advice you were giving me about buying into the boom - well you look like a bit of a twat now don't you" then your last statement above would be true. I doubt anyone on this thread has done this. So keep your dick comments to yourself.
    I understand this may be hard for you to understand, but posting on this thread to that effect is pretty much the same as saying it to their face.

    Publically (or privately for that matter) revelling in someone else’s misfortune doesn't a sound person make.


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    #50
    Plates
    Registered Users Posts: 925 ✭✭✭Plates


    Quick - somebody call Joe Duffy or Matt Cooper - we've found a new perspective on the economic meltdown - boards.ie contributors are the new "Think Tank" we've been looking for to move our economy forward. This thread is chock full of comments I've never even heard before - it's like a magical thread from one of Homer Simpsons dream sequences. Somebody patent these ideas quickly - you'll make a fortune out of them.


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    #51
    cooper90
    Registered Users Posts: 75 ✭✭cooper90


    I have heard of a family who sold a very nice house at the back of ucd for aound 5.5 mill in 2007, they new the boom was turnign to bust and said "ah suree well put in the bank" by which they ment ango stock! Every last perry of it! That is just pure greed!


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    #52
    ocokev
    Closed Accounts Posts: 373 ✭✭ocokev


    Theres a difference between living beyond their means and buying during the bubble in fairness. Do I have sympathy for him ? No do I feel the need to poke fun at him ? No

    Launghing at others misfortune no matter in what context isnt right.

    Im not laughing at him nor do i feel sorry for him.
    And in fact i know if there was a boom tomorrow he would be driving a BMW x5 etc etc.


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    #53
    Zulu
    Registered Users Posts: 10,965 ✭✭✭✭Zulu


    ocokev wrote: »
    And in fact i know if there was a boom tomorrow he would be driving a BMW x5 etc etc.
    You mean he'd be employed again and may wish to spend his money on a car? Thats a crime is it? Or something to be ashamed of? :confused:


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    #54
    waffleman
    Registered Users Posts: 580 ✭✭✭waffleman


    Zulu wrote: »
    I understand this may be hard for you to understand, but posting on this thread to that effect is pretty much the same as saying it to their face.

    Publically (or privately for that matter) revelling in someone else’s misfortune doesn't a sound person make.

    I seriously doubt it but if the person who stated their opinion to me during the boom reads this thread and knows who I am then ok I concede I'm "as much of a dick as they are".

    I havent stated my opinion back to them - so I didn't like this comment.


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    #55
    Jaysoose
    Closed Accounts Posts: 3,212 ✭✭✭Jaysoose


    Zulu wrote: »
    You mean he'd be employed again and may wish to spend his money on a car? Thats a crime is it? Or something to be ashamed of? :confused:

    NExt thing you know he will be having BBQ's and his mates round...jumped up prick that he is.


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    #56
    ocokev
    Closed Accounts Posts: 373 ✭✭ocokev


    Zulu wrote: »
    You mean he'd be employed again and may wish to spend his money on a car? Thats a crime is it? Or something to be ashamed of? :confused:

    No, having a car is not a crime.

    Having a 80,000 euro car loan and thinking your better than all your neighbours is not a crime either.

    Not learning something from mistakes you make is plain stupid.


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    #57
    Zulu
    Registered Users Posts: 10,965 ✭✭✭✭Zulu


    waffleman wrote: »
    I havent stated my opinion back to them...
    It's the sentiment...
    Jaysoose wrote: »
    NExt thing you know he will be having BBQ's and his mates round...jumped up prick that he is.
    BBQ?!? What a wanker. It's far from BBQ's he was raised; he should be eating half cooked rotten potatoes.


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    #58
    Jaysoose
    Closed Accounts Posts: 3,212 ✭✭✭Jaysoose


    ocokev wrote: »
    No, having a car is not a crime.

    Having a 80,000 euro car loan and thinking your better than all your neighbours is not a crime either.

    Not learning something from mistakes you make is plain stupid.

    Wonder is there a guy starting a thread about his neighbour that has an inferiority complex and was always throwing daggers when he had his mates round to watch his massive telly.


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    #59
    ocokev
    Closed Accounts Posts: 373 ✭✭ocokev


    Jaysoose wrote: »
    Wonder is there a guy starting a thread about his neighbour that has an inferiority complex and was always throwing daggers when he had his mates round to watch his massive telly.

    Its simple really. Example. He earned 500 a week, but spent 600 a week so he could let on he was on 700 a week, and at the same time brag about it.


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    #60
    Zulu
    Registered Users Posts: 10,965 ✭✭✭✭Zulu


    What, where you sleeping with him or something? You seem to have intimate knowledge of his finances.


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    #61
    Jaysoose
    Closed Accounts Posts: 3,212 ✭✭✭Jaysoose


    ocokev wrote: »
    Its simple really. Example. He earned 500 a week, but spent 600 a week so he could let on he was on 700 a week, and at the same time brag about it.

    And this upset you why?. i personally couldnt give a monkeys what my neighbours earned or spent and i certainly wouldnt develop a complex about it.


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