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3,140 rooms to rent & 8,500 houses to rent -what 'homeless' crisis

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    #332
    Pawwed Rig
    Moderators, Category Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators Posts: 22,293 CMod ✭✭✭✭Pawwed Rig


    People are people though. The most prudent person in Ireland who never borrowed or overspent still had to bail out those who did. So the lesson here is spend when you have it as there will be minimal consequences. Govt and the central bank need to be protecting people from themselves. They won't though because politics and elections.


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    #333
    markodaly
    Registered Users Posts: 13,949 ✭✭✭✭markodaly


    Well the Central Bank rules are still there and seem to be working on keeping a lid on the house prices, even though we have people complaining about them, and of course, the unintended consequence of that is that it's much much more difficult to get a loan for a property and to raise the amount needed.

    No more 110% mortgages for people on min wage.


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    #334
    Boggles
    Registered Users Posts: 39,526 ✭✭✭✭Boggles


    markodaly wrote: »
    It was populism, pure and simple.

    Politicians in trying to be popular shocker.

    Who exactly were they trying to popular with though? Who was the focus?

    Something about a tent in Galway comes to mind.

    Either way populism is not exclusive to one ideology.

    But we have hashed the financial crisis out, we've had the committees and post-mortem. Conclusion have been made.

    It was ultimately Free Market conditions that caused the financial crash.

    Patrick Neary has admitted and apologized. (Big of him) Unless you think he needs to retract it?

    But again, it definitely wasn't Socialism.


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    #335
    markodaly
    Registered Users Posts: 13,949 ✭✭✭✭markodaly


    Boggles wrote: »
    Politicians in trying to be popular shocker.

    Therein you admit it.

    It's easy for a politician to spend money we do not have to try and win the next election.
    Do you even acknowledge that such a thing as populism even exists in Ireland?

    Who exactly were they trying to popular with though?
    The electorate

    Either way populism is not exclusive to one ideology.

    Of course, you can have right-wing, ban the immigrant's type populism but you also the left-wing, tax the rich and spend all the money now, variant.
    But we have hashed the financial crisis out, we've had the committees and post-mortem. Conclusion have been made.

    Not at all. The primary issue with the financial crisis was low interests set by central banks. Cheap credit and too much of it.
    It was ultimately Free Market conditions that caused the financial crash.

    What 'Market' sets the interest rates for the ECB?
    But again, it definitely wasn't Socialism.

    I never said it was.
    It was populism.


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    #336
    Donald Trump
    Registered Users Posts: 19,026 ✭✭✭✭Donald Trump


    Pawwed Rig wrote: »
    People are people though. The most prudent person in Ireland who never borrowed or overspent still had to bail out those who did. So the lesson here is spend when you have it as there will be minimal consequences. Govt and the central bank need to be protecting people from themselves. They won't though because politics and elections.




    There is a middle ground between excessively conservative and not using potential opportunities and being profligate. Neither is particularly optimal, even if the former is far better than the latter.


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    #337
    B_ecke_r
    Registered Users Posts: 491 ✭✭B_ecke_r


    lots of Tories in here.

    I live 91km away from my job.

    Reason - the jobs are in Dublin.

    I agree with the sentiments about people who don't work etc but something (no idea what) needs to be done for the young couples who work 40+ hours a week breaking their backs trying to save and get nothing in return.

    no one is looking for a handout but if you're born and reared in Dublin you will tend to want to stay there.

    look at the motorways every morning and see the amount of people travelling to Dublin for work.

    as said earlier the people who work in the city on lowish paying jobs - coffee shops for example - are they expected to commute from Longford?


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    #338
    Boggles
    Registered Users Posts: 39,526 ✭✭✭✭Boggles


    markodaly wrote: »
    Not at all. The primary issue with the financial crisis was low interests set by central banks. Cheap credit and too much of it

    No it wasn't. It was lack of regulation.

    IF the lending portfolios had been managed properly there would have been no crash. All the cheap money in world doesn't change that fact.

    But sure we will have to agree to disagree.


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    #339
    markodaly
    Registered Users Posts: 13,949 ✭✭✭✭markodaly


    Cheap credit always pushes up asset prices. This has been the case for hundreds of years. There is always a crash after the fact as well.


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