We're rich! (again)

Kermit.de.frog

Net worth of Irish households jumps 60% as property prices surge

https://www.irishtimes.com/business/economy/net-worth-of-irish-households-jumps-60-as-property-prices-surge-1.3281633

I intend to be prudent this time and only go with the one patio deck and 2 high powered luxury cars (for me).

How about you?

server down

My net worth is positive but I’d still lose the house if I stopped paying the mortgage. The net worth in the family home is a largely meaningless statistic.

gitzy16v

5er extra a week and a bonus at crimbo...fcukin rollin in it.

Oldtree

Those figures have to have a huge imbalance towards the east of the country.

Very few shops reopening in the local town near me. Bugger all jobs coming back too. Youngsters still leaving in droves.

Cookie_Monster

Smashed Avo on toast all round, hurrah!

suicide_circus

Oldtree wrote: »

Those figures have to have a huge imbalance towards the east of the country.

Very few shops reopening in the local town near me. Bugger all jobs coming back too. Youngsters still leaving in droves.

It's the same the world over, very difficult trend to reverse.

AllGunsBlazing

Oldtree wrote: »

Those figures have to have a huge imbalance towards the east of the country.

Very few shops reopening in the local town near me. Bugger all jobs coming back too. Youngsters still leaving in droves.

Sligo still limping along as well. You might see a new business opening up while the one next door is closing. No real progress being made at all. Unemployment is rife but is being disguised by the likes of Jobpath and other schemes where people don't sign on while they're involved.

Donal55

Ibec says business is booming.

Now time for a payrise. Yahoo.

gifted

Plenty of money...unfortunately the cost of living is shooting up as well.....

Popeleo

server down wrote: »

My net worth is positive but I’d still lose the house if I stopped paying the mortgage. The net worth in the family home is a largely meaningless statistic.

Surely you could use the rising net worth to secure a loan for an 'investment' property in Bulgaria or Cape Verde.

What could possibly go wrong....?

EPAndlee

We'll just end up spend all our money on chicken fillet rolls and tayto again causing another recession

_Brian

I think the recovery is really Only being felt in the pale.
Rural areas are still stagnant and likely to remain so.

Wanderer78

we re rich alright, in debt! go ireland!:rolleyes:

daheff

EPAndlee wrote: »

We'll just end up spend all our money on chicken fillet rolls and tayto again causing another recession

Time to buy shares in Tayto & ...eh chicket fillet rolls ltd

RobbingBandit

The banks are rich you mean, seeing as they own these houses until the mortgage is fully paid. Funny how no one ever seems to remember this fact isn't it. :p:p

Cina

Dublin and to a lesser extent Cork are rich (and funding the rest of the country).

The rest of Ireland, not so much.

Sky King

Kermit.de.frog wrote: »

How about you?

A jet ski with my credit card.

Oh and an apartment in Moldova. Also with my credit card.

davo2001

gitzy16v wrote: »

5er extra a week and a bonus at crimbo...fcukin rollin in it.

You could always, get a job! :rolleyes:

whisky_galore

What's this "we" business?

Ulysses Gaze

daheff wrote: »

Time to buy shares in Tayto & ...eh chicket fillet rolls ltd

Shares in Petrol Stations then....

c_man

Another boom? Time to unfreeze Gavin Lambe Murphy.

Pinch Flat

It's not a true boom until we have hoards of clowns jetting into Cape Verde and Bulgaria buying apartments.

CPTM

Still flying Ryanair, but I've splashed out on the Priority Seats at the front. I think that sums up exactly where I am financially.

Cee-Jay-Cee

Cina wrote: »

Dublin and to a lesser extent Cork are rich (and funding the rest of the country).

The rest of Ireland, not so much.

I work. I pay my own bills/mortgage/childcare and no thick arsed jackeen funds anything I have or own.

Cina

Cee-Jay-Cee wrote: »

I work. I pay my own bills/mortgage/childcare and no thick arsed jackeen funds anything I have or own.

Cool beans.

Hector Bellend

Coke, hookers and maxed out credit cards for everyone

professore

Cina wrote: »

Dublin and to a lesser extent Cork are rich (and funding the rest of the country).

The rest of Ireland, not so much.

LESSER???? LESSER???? I'LL GIVE YOU LESSER YOU JUMPED UP JACKEEN BEOIR!!!!

topper75

There was me thinking that this link was realtime. It's obviously an out-of-date gif as it should be moving backwards.

http://www.nationaldebtclocks.org/debtclock/ireland

ytpe2r5bxkn0c1

Cina wrote: »

Dublin and to a lesser extent Cork are rich (and funding the rest of the country).

The rest of Ireland, not so much.

You really need to get out more. Most of the East coast in thriving at the moment, with good employment and all paying their way. I can't speak for other parts of the country but I'm sure other areas are doing their bit too. This naïve view that the country centers around Dublin, with support from Cork, needs to be put out to pasture.

Pyr0

Can we start buying breakfast rolls every morning again?

Odhinn

Pyr0 wrote: »

Can we start buying breakfast rolls every morning again?

...with an overpriced latte in the other hand, absolutely.

Ronaldinho

topper75 wrote: »

There was me thinking that this link was realtime. It's obviously an out-of-date gif as it should be moving backwards.

http://www.nationaldebtclocks.org/debtclock/ireland

I wouldn't be so sure that it's not accurate.

The country's gross and net debt figures have barely declined.

We're still projected to run a modest fiscal deficit for the next few years.

Grayson

professore wrote: »

LESSER???? LESSER???? I'LL GIVE YOU LESSER YOU JUMPED UP JACKEEN BEOIR!!!!

Did that word mean something else at one stage or is it completely out of place in that

dr.fuzzenstein

Has anyone already received a letter that they were pre-approved for a Platinum Visa Card with a €10k Limit?

Pinch Flat

dr.fuzzenstein wrote: »

Has anyone already received a letter that they were pre-approved for a Platinum Visa Card with a €10k Limit?

Myself and herself were browsing for cars at local Dublin dealers, thinking of picking up a newer set of wheels.

"All major credit cards accepted" displayed on a good few car dealer websites. Do people really buy cars on a credit card?

Wanderer78

Pinch Flat wrote: »

Myself and herself were browsing for cars at local Dublin dealers, thinking of picking up a newer set of wheels.

"All major credit cards accepted" displayed on a good few car dealer websites. Do people really buy cars on a credit card?

its looking like this is the next credit bubble!:rolleyes:

sozbox

Cee-Jay-Cee wrote: »

I work. I pay my own bills/mortgage/childcare and no thick arsed jackeen funds anything I have or own.

Except for the road you drive to work on 😀

server down

server down wrote: »

My net worth is positive but I’d still lose the house if I stopped paying the mortgage. The net worth in the family home is a largely meaningless statistic.

And pretty much skewed by the generated economic activity in Dublin which itself is skewed by the ever inflated property market

Ipso

dr.fuzzenstein wrote: »

Has anyone already received a letter that they were pre-approved for a Platinum Visa Card with a €10k Limit?

Yeah using the money to put towards the off the plans apartment I'm buying in Varna, it's the capital of Bulgaria.

Cina

Cina wrote: »

Dublin and to a lesser extent Cork are rich (and funding the rest of the country).

The rest of Ireland, not so much.

They are rich because there is investment being put in. Rural Ireland can't generate when nothing is being invested in it. You see the current hassle in Athenry with the Apple saga

Electric Sheep

Quick, time to "release some equity" in your house, so that in a year you can whinge again about being in Negative Equity, just like last time.

Spanish Eyes

I was sensible enough not to be taken in by the loan offers galore the last time. I won't this time either.

But you know what, I learned to live a little more frugally during the bust. Nothing major, just little things like bringing lunch into work and not buying the take away coffee. Not being tempted by the latest must have phone/tablet/gizmo things like that. And it will stick. I am still the same, but have a good life thankfully but not a frivolous one either. Things were quite tough the last time around, lesson learned.

I hope another crash doesn't happen, but it apparently comes in cycles. So you have been warned. lol.

Sorry for the downer.

_Brian

My neighbour ownes a plastering company, just 2 men, he was on his knees 18 months ago, 6 weeks ago he bought a sports car for the evenings and a speed boat and he's building a new house..
Anything building related really is BOOM-BUST-BOOM

ToddyDoody

"When I have it, I spend it. When I don't, I run off and let the IMF run the country"

Remember having to take this seriously...

https://www.youtube.com/watch?v=ZSeJITHmDWQ

Doltanian

Judging by some of the Instagram whores and snapchat sluts I follow we badly need another recession and quick.

fergus1001

Don't know about the rest of you but I wipe my arse with 50's and then use them to light my Cuban cigar

I love the smell of smoldering ****e

Atoms for Peace

Not to boast but I did have a spicy chicken fillet roll last Friday but its been years since I last had a breakfast roll.

Ipso

If it wasn't served with 8 chips stacked on a slate, jenga style then you're a pleb.

WoollyRedHat

Does anyone know where i can go to get my driveway paved gold?

alchemist33

There's no house prices booming in Donegal.

WoollyRedHat

alchemist33 wrote: »

There's no house prices booming in Donegal.

Quick guys, buy houses in Donegal quick!!!