We're in Early Days of Celtic Tiger 2 ?

2011abc

Ok so someone else has a thread here about things they miss from the previous incarnation -and by no means is this meant to be an affirmation for 'austerity' but surely its obvious that we're seeing a big upturn in several areas of the economy .House prices are skyrocketing , ALL my neighbours are getting new cars (no I dont live in Foxrock)and some recent dealings with car service departments suggest we're not far off the days when they were booked out weeks in advance .Of course there are plenty still struggling and some will be left even further behind than last time round eg public servants but I cant help but think those who managed to keep heads above water are going to be quids in (again) any day now .
Needless to say the public sector pay rises will arrive minutes before the next crash .

Santa Cruz

Time for Benchmarking Part 2. They could get retired Financial Regulator Neary to chair it

Hande hoche!

Need to stockpile some patio heaters.

2011abc

Yeah Ive actually heard some radio ads for sales on decking .

BetterThanThou

Anybody else have the urge to go to New York to save money shopping?

everdead.ie

You know I've never been to someones house who has decking out the back?

Dyr

saw some lovely apartments in bulgaria dere on a website. Sure ting if there was one

Rabbo

It'd make a great movie.
Celtic Tiger 2: Ireland bites back

cabledude

everdead.ie wrote: »

You know I've never been to someones house who has decking out the back?

I hereby invite you to my house. I have decking. Bring beer and sausages.

SEPT 23 1989

I will get the wifes breasts re-inflated so

.jacksparrow.

Have my outdoor hot tub on order op.

Lord Trollington

Won't someone think of the public servants.

Steppenwolfe

It's just the usual boom and bust cycle. Those who were old enough during the last boom realised this. The young and the stupid were taken in by the shysters and believed it could go on forever.

The Celtic Phoenix.

cabledude

Dónal wrote: »

The Celtic Phoenix.

That would be a good name for a book.... Mad that someone hasn't already thought of it..... oh wait.

moxin

Prob the older generation splashing out. We do need them to spend their money to help people in jobs.

wendell borton

Bambi wrote: »

saw some lovely apartments in bulgaria dere on a website. Sure ting if there was one

I hear the property market is literally heating up in eastern ulkraine.

Adamantium

No,no it's the Celtic Ostrich.

We'll stick our heads in the sand and not worry educate ourselves personal finance and supply and demand.

We also less STUFF than any time in history and we'll become a massive service industry telephone relay for the world, as our REAL GDP continues over decades to slowly drop and wonder why there is no real wealth.

As if house prices were ever an welcome indicator over the state of the economy. Wasn't that the positive sign last time.....of the whole thing going south?

Wazdakka

I for one, can confirm these rumours..

This post is being dictated to my man servant to type as I am far too busy rolling around on the bonnet of my Lamborghini in a big pile of cocaine and cash to converse with you peasants.

*adjusts monocle*

beach_walker

We've had two banks perch just outside our canteen at work in the past two weeks offering mortgage advice and promos. There's only about 300 working here. They even have gimmicks on paying some of your stamp duty. It's all revving up lads!

downonthefarm

**** must buy that second property and rent it out to some eastern Europeans

Duckworth_Luas

What should we build first?

A popsicle stick skyscraper?
A 50-foot magnifying glass?
An escalator to nowhere?

MRnotlob606

Have that electrician on speed-dial in case i need too change a light bulb

Heraldoffreeent

I've a few sites in Leitrim, by the river, great opportunity to create your own seasonal lake. Any offers over 500K each? Get in now, these prices wont stay reasonable for ever.

whatdoicare

I think its time to build a monorail!

mojesius

Time for a bertiebowl!

con___manx1

2011abc wrote: »

Ok so someone else has a thread here about things they miss from the previous incarnation -and by no means is this meant to be an affirmation for 'austerity' but surely its obvious that we're seeing a big upturn in several areas of the economy .House prices are skyrocketing , ALL my neighbours are getting new cars (no I dont live in Foxrock)and some recent dealings with car service departments suggest we're not far off the days when they were booked out weeks in advance .Of course there are plenty still struggling and some will be left even further behind than last time round eg public servants but I cant help but think those who managed to keep heads above water are going to be quids in (again) any day now .
Needless to say the public sector pay rises will arrive minutes before the next crash .

the economy is becoming more and more urbanized. i live an hour from dublin and anyone who has got a job recently from my town is working in Dublin. the country is still bollixed. dublin is like its own little country at the moment. house prices here haven't changed at all.

Jonny Blaze

whatdoicare wrote: »

I think its time to build a monorail!

But Main Street's still all cracked and broken?!

tomwaterford

con___manx1 wrote: »

the economy is becoming more and more urbanized. i live an hour from dublin and anyone who has got a job recently from my town is working in Dublin. the country is still bollixed. dublin is like its own little country at the moment. house prices here haven't changed at all.

id say it will end like England...London very good economy wise...rest of country more or less left to fend for itself

Joe prim

Have helicopter booked for my mistress's sweet sixteen party. ( Hard enough to get a booking too, bhoy)

cooperguy

con___manx1 wrote: »

the economy is becoming more and more urbanized. i live an hour from dublin and anyone who has got a job recently from my town is working in Dublin. the country is still bollixed. dublin is like its own little country at the moment. house prices here haven't changed at all.

Same as most countries in the world really. Galway and Cork seem to be picking up too

FalconGirl

As a taxpayer I'm not seeing the recovery with another €2bn in hikes coming in the next budget and services such as hospitals rapidly deteriorating. I think we will be in a mess for a long time but i hope I am wrong. I consider this talk of economic recovery just soundbites from FG ahead of the elections. Shortage of property in Dublin is gearing up for part 2 of Celtic tiger but on a smaller scale and similarly highly unsustainable.

beach_walker

beach_walker wrote: »

We've had two banks perch just outside our canteen at work in the past two weeks offering mortgage advice and promos. There's only about 300 working here. They even have gimmicks on paying some of your stamp duty. It's all revving up lads!

Your post brings up the image of two large vulture's siting our side your office window eyeing ye all up.

donegal__road

meanwhile in Donegal

lazygal

The ring came off my pudding can!

michellie

Speaking to a garage guy the other day, he said the service dept couldn't even get the garage cars serviced because they had so many services in.

Think I'll get a credit union loan to go buy some new clothes and maybe book a holiday:)

kippy

The real Celtic Tiger 1 happened between 1995 and 2000. It was a real opportunity for sustainable positive growth in the country primarily driven by FDI.
The years between 2000 and 2007 weren't really the Tiger at work as it was primarily driven by the Euro changeover and all that that entailed including mass vote buying and lax regulation.

We are unfortunately well away for the start of any other proper tiger (the good times 95-00) as the country is in massive debt, massive issues over mortgages etc and most importantly a raft of potential changes due in the medium term in the US and europe trying to squeeze our main tool to attract FDI (tax rates etc) away from us.

Jonny Blaze

Take my penknife my good man!

carlmango11

con___manx1 wrote: »

the economy is becoming more and more urbanized. i live an hour from dublin and anyone who has got a job recently from my town is working in Dublin. the country is still bollixed. dublin is like its own little country at the moment. house prices here haven't changed at all.

What's good for Dublin is good for the rest of the country. It's not like there's a fixed amount of money which, if going to Dublin means it's not going elsewhere. If Dublin's economy is pumping it will work its way all over the country.

Heraldoffreeent

michellie wrote: »

Think I'll get a credit union loan to go buy some new clothes and maybe book a holiday:)

I was thinking of doing the same myself, for Cocaine and Russian hookers. only 'til the money from the sites in Leitrim comes in though, I don't want to be like those irresponsible people last time.

jca

Joe prim wrote: »

Have helicopter booked for my mistress's sweet sixteen party. ( Hard enough to get a booking too, bhoy)

Ha ha..:D:D Better fire up de ole yank import Limo... Randolph.. we're back in business:pac::pac:

yawhat!

lazygal wrote: »

The ring came off my pudding can!

Take my penknife my good man.

jca

kippy wrote: »

The real Celtic Tiger 1 happened between 1995 and 2000. It was a real opportunity for sustainable positive growth in the country primarily driven by FDI.
The years between 2000 and 2007 weren't really the Tiger at work as it was primarily driven by the Euro changeover and all that that entailed including mass vote buying and lax regulation.

We are unfortunately well away for the start of any other proper tiger (the good times 95-00) as the country is in massive debt, massive issues over mortgages etc and most importantly a raft of potential changes due in the medium term in the US and europe trying to squeeze our main tool to attract FDI (tax rates etc) away from us.

Now now Mr Hobbs.... Be nice;) Let us have our fantasies..

_Brian

con___manx1 wrote: »

the economy is becoming more and more urbanized. i live an hour from dublin and anyone who has got a job recently from my town is working in Dublin. the country is still bollixed. dublin is like its own little country at the moment. house prices here haven't changed at all.

This is it in a nutshell..
Even if the major urban centers see a full blown boom I just can't see any knock on hitting rural areas..
I have a friend who works weekends on sited in Dublin and he says its like a different country. For Sale sign only lasting a week or so on houses and he was in a small estate recently ~ 50 houses, where five sizeable extensions were ongoing and two houses had sale agreed signs put up in a week.

Curly Judge

Does this mean that Donie Cassidy will be coming back?

dreamers75

My job worried we will lose staff in the next few months and have put us on succession planning.

Celtic Tiger 2: The revengerance is alive and well.

yawhat!

People on welfare, with kids getting a free house living the live of luxury.

People in the middle class on the 30-40k getting absolutly destroyed by the government! Until this is sorted then NO!

wetdarknight2

con___manx1 wrote: »

the economy is becoming more and more urbanized. i live an hour from dublin and anyone who has got a job recently from my town is working in Dublin. the country is still bollixed. dublin is like its own little country at the moment. house prices here haven't changed at all.

now ye said it. the country is still bollixed

Troy Lumberjack

kippy wrote: »

The real Celtic Tiger 1 happened between 1995 and 2000. It was a real opportunity for sustainable positive growth in the country primarily driven by FDI.
The years between 2000 and 2007 weren't really the Tiger at work as it was primarily driven by the Euro changeover and all that that entailed including mass vote buying and lax regulation.

We are unfortunately well away for the start of any other proper tiger (the good times 95-00) as the country is in massive debt, massive issues over mortgages etc and most importantly a raft of potential changes due in the medium term in the US and europe trying to squeeze our main tool to attract FDI (tax rates etc) away from us.

I for one welcome any opportunity to have my tool squeezed.

hjkl

yawhat! wrote: »

People on welfare, with kids getting a free house living the live of luxury.

People in the middle class on the 30-40k getting absolutly destroyed by the government! Until this is sorted then NO!

Who is it that is forcing you to work? If life on welfare is so luxurious then why don't you do it yourself?

seamus

"This can't be the Celtic tiger 2 until our financial problems are fixed".

What short memories people have. During the boom, our health service was a shambles, average-to-low income workers were unhappy with how little they could afford the basics, the unemployed were living the life of Riley and the middle class were the ones getting squeezed for taxes and cuts. So, pretty much exactly how it is today.

I'm not saying we're in a boom, but equally it can't be claimed that the recession is ongoing just because there are people in financial difficulty.

The only difference then was the free availability of credit. Few people were better able to afford things than they were now, they just had a lot more access to credit, hence the property bubble.
People do have short memories though. I've heard people talk about how delighted they are that increasing house prices means they will soon be able to sell up and get out of negative equity, and in the next breath talk about buying a new property as soon as they can because, "Rents are really expensive and property prices keep going up, I don't want to be locked out of the market". :facepalm: