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Returning to Ireland?

  • 09-02-2011 7:08am
    #1
    Registered Users, Registered Users 2 Posts: 13


    Hi there,

    I am currently living in New Zealand, but my husband and I have always said we wanted to return to Galway some day to raise our daughter. I was offered a great job that would be willing to pay our moving expenses, but we wonder if now is a good time to return with the current economic state. Whilst I would be walking into a job, there is no guarantee that my husband would get one in a timely manner.

    How stupid is it to even think of moving back now? We read all the doom and gloom stories, but how bad is it really living it in?


«1

Comments

  • Registered Users, Registered Users 2 Posts: 118 ✭✭PauricTheLodger


    Depends on what your husband does I suppose? There are jobs for those who have the skills for them... or so I hear...

    A lot of the stories are over-dramatised :P


  • Registered Users, Registered Users 2 Posts: 698 ✭✭✭hoody


    I wouldn't say that it's stupid to think of moving back, if it's what you really want to do, you should do it. The economic climate is very tough, but it depends on what kind of jobs your husband would be going for. You should then try to get as much info on whether there are many jobs in that industry in the Galway area (you could ask here, or even ask your new employers for some advice). I would say to give it very careful consideration. If you both get solid jobs, you will be laughing.

    That said, having visited NZ, why would anyone ever leave? :pac:


  • Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    Dire and getting worse. Don't come near the place. You cannot even sign on under the ordinary residence rule. The most you will get is €150 of child benefit a month.

    Because FF wrote a blank cheque guarantee for their mates in the banks the country has gone from a debt of €30bn in 2007 to a debt of €340bn today..= $600bn NZ Dollars debt with the same population. Having written the blank cheque we haven't got a single functioning bank lending into the economy after all that. :(

    The emigration rate this year will easily match the worst years of the 1980s, same next year ...same each of the next few years too it looks like.


  • Registered Users, Registered Users 2 Posts: 13 tscall


    My husband works in IT as a Database Administrator, so he has very good qualifications, but we have heard rumors about even the most qualified people struggling to find work. But if emigration is as prevalent as it sounds, then that must mean there will be less people fighting for the same jobs right?! :)


  • Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    That will be the case in two or three years perhaps. For now there is relatively little DBA work save in Dublin...which is only 2 hours from Galway by road nowadays.


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  • Registered Users, Registered Users 2 Posts: 81,220 ✭✭✭✭biko


    Check sites like www.irishjobs.ie, www.simplyhired.ie etc for DBA positions.
    Perhaps your husband can continue to work where he currently is, just from Galway? It's worth checking out.


  • Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    If I was away I'd give it 12~24 months and see what happens in Ireland before making the jump. Its going to get worse here not better.


  • Registered Users, Registered Users 2 Posts: 1,357 ✭✭✭Unrealistic


    If you can afford to have your husband take time to find the right job then you should consider it. We've just made the move back, for the same reason (kids starting school), after many years away and don't regret it one bit. However we were moving from somewhere a lot less user-friendly than NZ so the positive contrast was obvious.


  • Registered Users, Registered Users 2 Posts: 370 ✭✭celty


    If you really, really want to be here ... for the sake of your kids or yourself ... then go for it.

    But I just came home after 12 months on a career break and I'm shocked, by the pay cuts, the tax increases, the lack of hope, the numbers emigration, the waffle from the politicians, the lies from Fianna Fail.

    I'd also suggest you wait a year or two at least and see what happens. Right now the ordinary people of Ireland are being penalised for the sins of an elite minority of bankers, developers, and politicians, and we could be struggling for five to ten years as a result.

    I know I'm lucky to have a job in Ireland, but I've found it very tough adjusting back when there is so much negativity about. The guy next to me, in his early 30s and married just two years, is down about 800 euros a month and struggling to pay the mortgage.

    If you have a good life in New Zealand, I think you'd be mad to move back unless you are desperately homesick.


  • Registered Users, Registered Users 2 Posts: 26,290 ✭✭✭✭Mrs OBumble


    Sponge Bob wrote: »
    Dire and getting worse. Don't come near the place. You cannot even sign on under the ordinary residence rule. The most you will get is €150 of child benefit a month.

    It's the habitual residence rule .. ordinary only takes three months to achieve, habitual takes two years. But it's irrelevant, because she'll have a well-paying job, he won't be eligible anyway. And the child benefit is more than they'd get in NZ, which abolished family-benefit eons ago.

    OP, if your husband is prepared to be unemployed for a while (and I'm talking months, not weeks), then I'd say go for it. Actually, if he could re-train as a Java developer, then he'd most probably be snapped up.

    I'm not sure that the Irish education system is something I'd be coming back for: schools here have class sizes that NZ lost 10-15 years ago (I've heard stories of 30-35 new entrants!), and for some reason many secondary school kids seem to need grinds (something that only a few do in NZ).

    Do you have permanent residence - ie can you go back if you decide Ireland's not actually what you want? ('Tis a very common story for people from Ireland/UK to move to Aus/NZ, try it, go home again ... and six months alter change their minds). What about your daughter, has she got a NZ passport (she'll love you for it when she's old enough to travel ... trust me, I've NEVER had to get a visa, God bless the French).


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  • Registered Users, Registered Users 2 Posts: 817 ✭✭✭dafunk


    Hard to say. I am also down about 800 quid a month from what I had in the same job three years ago, despite pay rises. The schools are suffering and the standard of education at primary and secondary level is not what it was back when you'd have been in school. Banks appear not to be giving out mortgages so unless you've a wad of cash saved you'd most likely be renting. Having said all that I love living in ireland so I would see the advantages nonetheless. What area of work is your husband in? There are still jobs in some areas.


  • Registered Users, Registered Users 2 Posts: 566 ✭✭✭seriouslysweet


    I'd say you're daft. We were all in school in NZ for a year, far better than here. All my class get grinds here, whether they need them or not. Huge classes and no help for weaker students. My parents have work but most people in my class have one parent out of work, I'd stay put a few years.


  • Registered Users, Registered Users 2 Posts: 220 ✭✭amy85


    myself and my sister are both in full time jobs at the moment,and are still trying to get the hell out of here,if only for a year or that. was in NZ few years ago and want to go back again if possible. never wanted to leave the place the first time!

    but in saying that,like other posters have said,if its what you really want and have thought long and hard about it,then go for it. i personally think that the lifestyle and quality of life is far better in nz than here. i think any where would be better than here at the moment.

    best of luck with whatever you choose though OP, let us know how it goes! :)


  • Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    Dont come back to ireland. Your kids will never forgive you.

    Japan had a similiar crash as to what we are experiencing now in 1989 and they are still not over it.

    It also looks highly likely that Ireland will default at some stage.

    Between FF, the bankers and the EU they are slowly turning Ireland into a third world country. There is no hope for Ireland.


  • Registered Users, Registered Users 2 Posts: 1,935 ✭✭✭Anita Blow


    As someone who's still in school in Ireland I can say that the claims here a bit exaggerated about the state of education here. My average class size is around 25 people, but it goes as low as 11 for some subjects. Plus, the Irish school has something no other school has (as far as I know), transition year. And despite all the complaining from adults who've never themselves experience what it's like today, it is such a great year. Wouldn't want to go to school anywhere else to be honest.
    I'd say there'd be a few tech jobs in Dublin so maybe if you guys were to compromise and move just outside of Galway so it's a fairly even commute for both of you if he can't find a job in Galway.

    If you really want to move back then go for it. There's a big of negativity around but this won't last forever so if you're willing to stick it out for the next couple of years, I think you'll be happy with your decision in the long run if it's want you want!


  • Closed Accounts Posts: 54 ✭✭SinewaveSurfer


    There's much more to raising kids than simply the school they'll go to.
    Culture plays a big part, and close proximity to the rest of Europe is a huge plus. And besides there's excellent schools in Galway.

    Anyway this seems like a polarized topic.

    Go for it :)


  • Registered Users, Registered Users 2 Posts: 13 tscall


    Thanks for the input.

    We do have permanent residency here in NZ so we don't have to move back, and my daughter is only 3, so we have a bit of time before she starts school.

    Perhaps it would be best if we waited since we do have it pretty good here in New Zealand, jobs, friends, ect. It's just that we are soooo far away from family, and it is so hard to make it back even to visit. We haven't been back to Ireland since we left 4 years ago!

    What's a few more years away in the bigger scheme of things? I do hate to miss out on a great job though.


  • Registered Users, Registered Users 2 Posts: 370 ✭✭celty


    tscall,

    Understand you completely re the distance thing, even if the likes of Skype and FB have revolutionised communications with home. I was in Oz twice but it was the distance thing in the end which brought me back to the oul' sod. There is just no fun in 24 hour journeys hope, especially if you've reached an age where parents, etc., are elderly.

    But if I were you, I'd count your blessings. Irish people tend to romanticise home a lot when we're away, but it is pretty dire here at the moment. We've been ruined by bankers, politicians, and property developers, and you'd even notice how much fewer people are working on the roads in the mornings. It's scary.

    Right now, Ireland is not a good place to be, and it could even get worse if we have to default or thousands can't pay their mortgages. These are ordinary, decent people in negative equity who have been betrayed by their so-called leaders.


  • Closed Accounts Posts: 54 ✭✭SinewaveSurfer


    Greece: protest & riot
    France: protest & riot
    Spain: protest
    UK: protest & riot
    Ireland: emigrate



    As much as we've been betrayed by politicians & bankers - most of all we have betrayed ourselves with our pathetic inaction. We get what we allow.


  • Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    Greece: protest & riot
    France: protest & riot
    Spain: protest
    UK: protest & riot
    Ireland: emigrate



    As much as we've been betrayed by politicians & bankers - most of all we have betrayed ourselves with our pathetic inaction. We get what we allow.

    All I have wanted to do for a months now is protest. Protest at anything. Its not happening. I really hate the attitude of lying down rolling around in the abuse. We should be out on the streets demanding to bring back execution for bertie ahern, mccreevy, cowen, lenihan, seanie fitzpatrick and anybody else that took ireland down. Or at least jail for them. In my opinion execution of these people is the only thing that could help ireland. We could sell tickets to the world for the hanging events. All the irish who were forced out in the 80s could come home for a holiday for the hanging events and spend their money.


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  • Registered Users, Registered Users 2 Posts: 2,471 ✭✭✭majiktripp


    tscall wrote: »
    How stupid is it to even think of moving back now? We read all the doom and gloom stories, but how bad is it really living it in?

    Bad enough it made me move to New Zealand! Was unemployed for a year after returning from a Working holiday in NZ. Was getting no where fast trying to find a job anywhere in Galway and further afield, so applied for a Residence Visa under the skilled migrant category. After couple of months I got that, and moved here in June of 2010 (it was a will we , wont we thing, but I think if we didn't we'd have regretted not taking the opportunity in a few years time).
    Got a job within a month of moving here and have been there for 6 months nearly now, so I would very much advise you to be practical and really think your decision through before you book a plane ticket.
    And in fairness, what the bloody hell has Ireland got that NZ doesn't?! :)


  • Registered Users, Registered Users 2 Posts: 8,085 ✭✭✭Xiney


    We recently left as well, but we went to Canada not NZ. My husband was made redundant from his Galway job, and although the other people who were made redundant at the same time have all found jobs now, they had to move to Dublin to do it.

    When I think about moving to Galway in 2008 I still count it as one of the worst decisions I've ever made, nevermind now.


  • Registered Users, Registered Users 2 Posts: 13 tscall


    I can understand the will we - won't we scenario. It would be a no brainer if it wasn't for the fact that I have a job waiting for me. We already have a trip to Ireland planned in April for a holiday, so the idea was to just not come back since the job would start in May. We would be able to survive on my income, but we would like to do more than just "survive", so my husband would need to find a job within a few months at least.

    What does Ireland have that NZ doesn't? Besides loved ones and the ability to leave the country as a family of 3 for under $1000? Try houses with central heating, double glazing, and insulation! Seriously, if you had survived 4 Wellington winters in Kiwi made houses, you'd understand. You've got in easy in Auckland!


  • Registered Users, Registered Users 2 Posts: 1,645 ✭✭✭Webbs


    Whilst it may not be a similar situation I will balance some of the negativity by saying that we moved here from London 5 years ago.

    Its probably one of the best decisions we have made despite the paycuts taxes etc we have a much better standard of living (and I'm not just talking about a financial side of things) here than we could ever have expected in London.

    Yes things are tight but we live in a place with so much on your doorstep and I am not in my 20s anymore so the bright lights of London just arent as appealing (and are bloody expensive!)

    So would I have done the same move if I had known what was down the line, then the answer is yes, so to the OP, its going to be hard decision to make as lots of pros and cons and unfortunately on a board like this you will get black and white opinions when in reality every ones case is unique


  • Registered Users, Registered Users 2 Posts: 370 ✭✭celty


    Greece: protest & riot
    France: protest & riot
    Spain: protest
    UK: protest & riot
    Ireland: emigrate



    As much as we've been betrayed by politicians & bankers - most of all we have betrayed ourselves with our pathetic inaction. We get what we allow.


    I just watched 'The Pipe' on TG4 last night. A brilliant documentary about an absolute disgrace. Our Government sold off our gas rights to Shell at an unbelievably low price and then our wonderful Gardai wade in with batons into a poor North Mayo community where ordinary decent fishermen and farmers are just trying to defend their land and their way of life.

    Our Government, our State is an absolute disgrace, but people would rather watch the All-Ireland talent show or the X-Factor.


  • Registered Users, Registered Users 2 Posts: 670 ✭✭✭ciotog


    Don't believe all the doom and gloom. Yes, the economy is in a bad state and our politicians are a right shower but there's an awful lot going on here and Galway is part of that. I grew up in County Roscommon, went to uni in Belfast followed by a stint in Dublin (*spit*), then ~7 years in Singapore and now I've 'blown in' to Galway (almost 3 years). Here's my 2c: If you feel like you want to move back then do. There's no 'right' time to make that kind of change you just need to make sure that circumstances are generally right. You've said that you have a good job to come to and that it can support your family, for a couple of months at least. So, financial circumstances are right. Your husband may find it a little difficult to find a DBA job but sticking at it will get him there. It might mean doing a commute for awhile or perhaps contract roles but IT is doing well here. I'm sure there are also many who would be happy to help open doors for him in terms of networking/introductions.

    Galway is a great place to live and work (in that order), the roads may be **** and roundabouts a lottery but I'm glad to be here. Then again, if you're from Galway you know all that :)


  • Registered Users, Registered Users 2 Posts: 8,085 ✭✭✭Xiney


    tscall wrote: »
    What does Ireland have that NZ doesn't? Besides loved ones and the ability to leave the country as a family of 3 for under $1000? Try houses with central heating, double glazing, and insulation! Seriously, if you had survived 4 Wellington winters in Kiwi made houses, you'd understand. You've got in easy in Auckland!

    Jesus, I barely lived through winters (and what passes as summers) in Irish houses due to the shoddy level (by my Canadian standards) of heating, glazing* and insulation. I think I'd have gone postal in NZ!


  • Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    celty wrote: »
    Our Government, our State is an absolute disgrace, but people would rather watch the All-Ireland talent show or the X-Factor.
    I agree. We have just witnessed the utter destruction of our economy due to pure carelessness and negligence on behave of our government. Something that will leave many and many families struggling for a very long time.

    The ex prime minster of iceland was jailed for criminal negligence in the running of their country. And here? People are all too happy to roll around in the abuse handed to us and allow FF to walk away free. We've been sold into debt slavery and poverty. And people have a sickening attitude here on boards that the unemployed never worked a day in their lives and the reason they're all struggling is that they bought houses, cars, holidays, coke and hookers all on the credit card of course.

    I cannot understand the attitude of allowing FF to walk away free.


  • Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    ilovesleep wrote: »
    ...that they bought houses, cars, holidays, coke and hookers. ...

    To paraphrase....not everyone is Charlie Sheen


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  • Registered Users, Registered Users 2 Posts: 26,290 ✭✭✭✭Mrs OBumble


    Culture plays a big part, and close proximity to the rest of Europe is a huge plus.

    The funniest bit of this statement is the vast majority of Irish people have no understanding of the concept of ethnicity, and aren't bi-lingual (English/Irish), much less having another European language.

    Re education and the person who posted about class sizes: those figures you have are for secondary school, they're quite different at national schools. Every country has relatively good and bad schools, but IMHO the ones in the middle are worse in Ireland.

    As your daughter is only 3, though, you may be more interested in early-childhood education standards. NZ is vastly better: In Ireland, the best you can get is Montessori. In NZ, someone who's training is only in Monetessori isn't even counted as qualified, and from sometime soon (was going to be 2012, but I think they had to put it back) won't even be allowed to work in early-childhood.

    As to central heating and double-glazing: bah-humbug, put some clothes on! ... :) Seriously, Wellington doesn't get as cold as Ireland does (and yes, I do know, lived there for 40 years). There's a push now to install more double-glazing and insulation, but CH is just OTT given the climate.

    Passing up a good job may be hard, but remember the risks too: in NZ, the recently-introduced probation is I think only three months, and there's compulsory paid sick leave. Here it's a year, and sick-leave just means that you're allowed not to go to work.

    As to what Ireland has that NZ doesn't, then (apart from the obvious family/friends) the answer is music and the arts: there are opportunities here that simply don't exist there.

    Overall, I'd say follow your instincts. And whatever you do, do it with the attitude of making it work for you.


  • Registered Users, Registered Users 2 Posts: 235 ✭✭Caribs


    Think it boils down to some maths in the end.

    By the sounds of things you are both Irish so you know the advantages/disadvantages of living in Ireland. Economy is in the toilet and our government are at best half witted clowns and in reality should be shot with balls of their own sh*te. Taxes are high compared to where they were and public services are not exactly in tip top condition.

    On the plus side you have a company willing to pay you to relocate so assume that includes house contents etc, factor that into walking straight into a job versus a point in time moving back with potentially no guaranteed job and no relo. A plus is that house prices are way down from their peak (not saying they've reached bottom) but if you were to look to purchase now you would most likely have less of a mortgage than you would have had when the market was at its peak so could off set the lack of income that will hopefully be a relatively short term thing for your husband. IT is pretty good in Galway just now, plenty of big names companies here.

    I am biased, moved here from Dublin 6 years ago, have a stable job as does my wife but love it here.

    Not sure this serves to confuse or help but there you go!


  • Registered Users, Registered Users 2 Posts: 8,085 ✭✭✭Xiney


    Caribs wrote: »
    our government are at best half witted clowns and in reality should be shot with balls of their own sh*te

    :D


  • Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    There is no way of knowing whats going to happen in Ireland in the next 12 months.


  • Registered Users, Registered Users 2 Posts: 2,471 ✭✭✭majiktripp


    tscall wrote: »
    What does Ireland have that NZ doesn't? Besides loved ones and the ability to leave the country as a family of 3 for under $1000? Try houses with central heating, double glazing, and insulation! Seriously, if you had survived 4 Wellington winters in Kiwi made houses, you'd understand. You've got in easy in Auckland!

    Those points I can understand, mould appearing on shoes in our closets and condensation on the windows in the mornings can be shocking at times especially during winter. The housing is by far sub-standard here compared to home, I think they believe the amount of average sunshine and heat in someway makes up for it.

    As for loved ones, this is also one of the hardest things we have had to deal with when being here. It's not so bad though, $2 for an hour's call to a landline in Ireland anytime of the day is pretty good from a mobile, and we have skype et al as well so never far from touch. Not sure if we're here for the long haul just yet but I can assure you we wont be returning home in the near future, not with the state the place is in. Even people here at work ask how we managed to get ourselves into the position we're in! Can't say much to defend the state of the country really, we voted them in so are some way responsible I guess (although I never voted FF)

    Do what you feel is right, above all have no regrets, we came here and are giving it a shot, may be you should do the same and see how it plays out by returning back to Ireland.


  • Registered Users, Registered Users 2 Posts: 3,180 ✭✭✭Interceptor


    OP, there is a global economic shakeup and Ireland is caught up in it as a result of internal and external factors - it could take years to work out and no-one knows whats going to happen. Galway is not a good place to be if you are an electrician, contract cleaner, used car salesman or wealth manager but then again neither are lots of places. A friend of mine who is originally from NZ claims that there is a looming wave of recession due to hit there in the next year or so as a result of overdependance on Chinese investment (maybe he's deluded!)

    The doom and gloom here are heavily media-fed and if you avoid it you can get on with your life and be quite happy. I am very lucky, both my wife and I work so our standard of living hasn't deteriorated over the last few years. Our two kids are in a country national school with 120 pupils in a four-teacher shared class setup, they couldn't be happier and there is no 'my iPods bigger that your iPod' in the school. We bought a new house last year (yeah - mad, I know!) but we took a while looking and picked one with serious build quality on an acre with no neighbours either side and the peace and quiet is lovely. We have dogs and chickens, we don't lock our cars at night and apart from the odd fox, no-one is watching what we have.

    There are jobs here and while wage rates are falling, I think they are probably 'readjusting' and will stabilise in a while once demand normalises. My brother moved to Auckland last year with his wife and they both got residency but it took them a good while to get (not very well paid) jobs too. It sounds like a nice place to live but I'm not sure I'd fit in over there - I'd like to see Invercargill simply because I admire Burt Munro.

    In the end it boils down to quality of life - we moved here from a flat on the northside of Dublin fifteen years ago with the intention of staying two years. Once your daughter hits school and makes a few buddies you'll find it harder to pull up roots.

    The weather in the West of Ireland does my head in a lot of the time but the people are good and crime rates are low. Let us know how you get on.

    'cptr


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  • Registered Users, Registered Users 2 Posts: 817 ✭✭✭dafunk


    ilovesleep wrote: »
    All I have wanted to do for a months now is protest. Protest at anything. Its not happening. I really hate the attitude of lying down rolling around in the abuse.

    Well why don't you then? You attitude is typical of everyone in this country (myself included), we complain about the government and how they've bent us over and ****ed us up the ass and then we complain about taking it but we don't do what the French do and start smashing things. Every man woman and child in this country should be standing on Kildare street while we pull those thieving, greedy, devious pricks out by the hair and beat them black and blue but do we do it? No. Our ancestors must be turning in their graves.


  • Registered Users, Registered Users 2 Posts: 370 ✭✭celty


    It's too easy to blame the media for the current wave of negativity. Since the start of the New Year alone, in Galway city, Cuba, The Cellar, Zhivago Records, The N17 superstore, and Tom Dempsey carpets have all closed down. They were all local businesses, and that's just off the top of my head.

    Each of us who works here took a massive hit on our pay last month, because our stupid Government decided to bail out banks who were totally out of control. We could be paying for this for generations, because the fools in the Dept of Finance really hadn't a clue about how much debt the banks had got into.

    Interest rates are really low, but anyone who bought a house after 2004 is in serious negative equity. Wait until the interest rates start going up. What am I saying, they already are. In 2011 and 2012 there will be a wave of people who will have to default on their mortgages.

    Ireland is a sad place right now and Irish people are sadder, because as the previous poster said, we allow these rotten, corrupt politicians to s--te all over us. TDs promise to fix roads and footpaths for votes, because either they haven't a clue or they just don't care about the economy.

    If you have a good lifestyle in NZ, I think you'd be mad to move home right now.


  • Closed Accounts Posts: 1,914 ✭✭✭danbohan


    celty wrote: »
    It's too easy to blame the media for the current wave of negativity. Since the start of the New Year alone, in Galway city, Cuba, The Cellar, Zhivago Records, The N17 superstore, and Tom Dempsey carpets have all closed down. They were all local businesses, and that's just off the top of my head.

    Each of us who works here took a massive hit on our pay last month, because our stupid Government decided to bail out banks who were totally out of control. We could be paying for this for generations, because the fools in the Dept of Finance really hadn't a clue about how much debt the banks had got into.

    Interest rates are really low, but anyone who bought a house after 2004 is in serious negative equity. Wait until the interest rates start going up. What am I saying, they already are. In 2011 and 2012 there will be a wave of people who will have to default on their mortgages.

    Ireland is a sad place right now and Irish people are sadder, because as the previous poster said, we allow these rotten, corrupt politicians to s--te all over us. TDs promise to fix roads and footpaths for votes, because either they haven't a clue or they just don't care about the economy.

    If you have a good lifestyle in NZ, I think you'd be made to move home right now.

    if your thinking of getting a mortgage this happened yesterday , shows what a mess irish banking is and will be for foreseeable future

    ptsb
    RFixed Rate Old Rate New Rate
    2 year Fixed 5.25% 7.25%
    5 year Fixed 5.75% 8.75%
    7 year Fixed 6.10% 9.10%
    10 year Fixed 6.10% 9.10%


  • Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    Welcome to the 80's.


  • Registered Users, Registered Users 2 Posts: 817 ✭✭✭dafunk


    As someone who could never afford to buy in boom I have no concept of what those increases mean? Suppose you're paying 1200 a month on a mortgage (would that be a good estimate as an average) what will you pay now with the increase in rates?

    Sorry OP for totally jacking your thread.


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  • Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    If you were paying 4.5% and it cost you 1200. 9% would double it. 2400.


  • Registered Users, Registered Users 2 Posts: 370 ✭✭celty


    BostonB wrote: »
    Welcome to the 80's.

    At least in the 1980s, we knew no better. There were no jobs at home and we accepted it, because there never had been. People in school in Galway expected to end up in London, New York, or Boston. That was just 'normal' life in the West of Ireland.

    The difference now is that we had a chance and FF, the bankers, and the developers f--ked it all up. How sad that emigration is back again.

    I know two couples who moved back from the US during the boom. They've gone back again, even though they wanted to stay here to raise families.

    Right now, so many people want to leave ... it's unusual to hear from an emigrant who wants to return.


  • Registered Users, Registered Users 2 Posts: 1,645 ✭✭✭Webbs


    BostonB wrote: »
    If you were paying 4.5% and it cost you 1200. 9% would double it. 2400.

    No it wouldnt, as mortgages are made up of capital and interest


  • Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    Webbs wrote: »
    No it wouldnt, as mortgages are made up of capital and interest

    I was being simplistic, as a blunt example.


  • Registered Users, Registered Users 2 Posts: 217 ✭✭yeehaw


    BostonB wrote: »
    I was being simplistic, as a blunt example.

    You were being simple rather than simplistic, because your post is just plain wrong.

    If you don't understand, just ask.


  • Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    Correct it, rather than name calling.

    225000 @ 5% over 30yrs is 1207.85
    225000 @ 9% over 30yrs is 1810.40
    225000 @ 13% over 30yrs is 2488.95

    225000@ 5% over 20yrs is 1484.90
    225000@ 9% over 20yrs is 2024.38
    225000@ 13% over 20yrs is 2636.05

    400000 @ 5% over 30yrs is 2147.29
    400000 @ 9% over 30yrs is 3218.49
    400000 @ 13% over 30yrs is 4424.80

    http://www.propertyfile.net/tools.htm

    And a multitude of variations. Go crazy with the figures.


  • Registered Users, Registered Users 2 Posts: 217 ✭✭yeehaw


    BostonB wrote: »
    Correct it, rather than name calling.

    225000 @ 5% over 30yrs is 1207.85
    225000 @ 9% over 30yrs is 1810.40
    225000 @ 13% over 30yrs is 2488.95

    225000@ 5% over 20yrs is 1484.90
    225000@ 9% over 20yrs is 2024.38
    225000@ 13% over 20yrs is 2636.05

    400000 @ 5% over 30yrs is 2147.29
    400000 @ 9% over 30yrs is 3218.49
    400000 @ 13% over 30yrs is 4424.80

    http://www.propertyfile.net/tools.htm

    And a multitude of variations. Go crazy with the figures.

    You shouldn't respond to posts when you have either not read what was asked or have no understanding of the subject matter.


  • Moderators, Technology & Internet Moderators Posts: 7,423 Mod ✭✭✭✭pleasant Co.


    yeehaw wrote: »
    You shouldn't respond to posts when you have either not read what was asked or have no understanding of the subject matter.

    Well then, correct him! quit acting superior and nip it in the bud.


  • Registered Users, Registered Users 2 Posts: 3,180 ✭✭✭Interceptor


    Mactard wrote: »
    quit acting superior.

    Did I miss a meeting? I thought thats why boards.ie was invented...

    LOL

    'cptr


  • Closed Accounts Posts: 54 ✭✭SinewaveSurfer


    JustMary wrote: »
    The funniest bit of this statement is the vast majority of Irish people have no understanding of the concept of ethnicity, and aren't bi-lingual (English/Irish), much less having another European language.

    And there's nothing funny about this statement. Talk about generalising. We're talking in the GALWAY CITY forum after all. And if you're circle of friends is restricted to those you condescend to on forums then I'm not surprised moving here was one of the worst decisions of your life.

    You miss my point anyways. You seem to have a very myopic outlook on the whole question. So you want to reduce culture to language, sure language falls under the 'culture' umbrella term, but it's not the be-all and end-all...otherwise every english speaking country would be culturally the same. Which they ain't. Not by any stretch of the imagination. Besides, even focusing on language issues, you're talking out of your poop-chute still as Galway and the west in general is the strongest location for gaelic speaking. Gaeltacht much ?

    You also seem a little too motivated on hammering YOUR point of view home, while it's so obviously a polarized topic that there is no universal 'right' or 'wrong' but you seem to think there is.


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