Eddie Hobbs

pgj2015

I would rather take financial advice from the local lunatic than eddie hobbs, didnt dolores mcnamara lose a lot of money after taking his advice? chancer, I am ashamed to admit I bought his magazine once, around 15 year ago or more.

Muahahaha

https://www.boards.ie/discussion/comment/118664427#Comment_118664427

yeah there was a few of them in it, but I suppose Hobbs as the public face and main promoter of it is going to suffer the most fallout. And some fallout it was, from what I read they didnt do proper due diligence at all when buying loads of distressed Detroit houses for $10k and $15k each. If they had of done their due diligence it would have showed that each property was liable for city taxes of around $3k per annum.

So the city taxes began to swallow up the price they paid for the houses, which themselves were located in pretty bad areas that nobody wanted to live in. It was a crazy investment, they didnt seem to realise that even at $10k a house the house would need to pay a further $3k a year, every single year to the city tax office. So after year 1 their 13m investment had huge sums of city taxes owed and they had no money to pay them and the whole house of cards came tumbling down soon after. It was madness to go investing into an asset for 15k when it had an annual tax bill of 3k but thats basically what they did.

xl500

This guy suffers from small man syndrome

Also how do these people keep getting airtime on the national airwaves

A financial guru my arse

the man has cracked

AndrewJRenko

https://www.boards.ie/discussion/comment/118666021#Comment_118666021

Didn't see the show, but I understand that RTE Eddie is remarkably more measured and grounded than Twitter Eddie.

So either he was cute enough to not dirty his bib on RTE, or cute enough to recognise that he's built up a Twitter audience of useful idiots on the extreme right who swallow any oul sh1te.

kirk.

https://www.boards.ie/discussion/comment/118665257#Comment_118665257

Nice city😆

Jim2007

https://www.boards.ie/discussion/comment/118666407#Comment_118666407

Ya, right.... you clearly have absolutely no idea of how multinationals work, nor the thought processes involved. For a start most countries have some form of wealth tax, so nothing new there and expat packages for seniors executives includes provisions to compensate them for tax, pension and social welfare differences between their home country and the host country, so again nothing new there either. So executives don't care in the slightest about their person tax situation in make a move.

amacca

I'm always amazed at the ever declining standards of quite a large chunk of the talking heads that make it on the national airwaves...

Having Hobbs on is really scraping the bottom of that barrel...

growleaves

I see now some boardsies are now transferring their savings into Ukrainian bank accounts. People never learn.

Hobb's rehabilitation should not be possible full stop.

'A prudent man foreseeth the evil, and hideth himself; but the simple pass on, and are punished.' - Proverbs 27:12