Media: Bank of Ireland pull ludicrous twitter add after furious backlash

martingriff wrote: »

awec wrote: »

I think there are a few different discussions happening here. Firstly, nobody is denying that adults living at home actually happens. Unfortunately for some it is unavoidable.

What people are disputing is that this is a completely normal thing to happen. Firstly, these people are adults, they should be independent people. If someone is still living with mummy and daddy but has the financial means to live elsewhere then it shows a lack of responsibility and a lack of independence, really it's just a bit odd.

If people are forced to go home to mum and dad then something somewhere along the line has gone wrong that may or may not be their fault. It's not a normal thing to happen and it shouldn't happen. It is a fairly sad state of affairs if people are forced to go down this road.

As for adults living at home and not paying their way? Leeches. They are basically children. Personally I would be embarrassed to live like this.

Sorry awec those adults who you are essentially calling bums as they moved home with some money made a responsible decision after some thought here were the options (A) rent a place which yes I can afford but am unable to save anything or much for a deposit or (B) take an offer to move home contribute in some way be it bills or food and save there money that would be rent for a year or so. Get the 20% deposit (I hope you are not advocating getting rid of deposits and going back to the "good old time"🙄) and be able to buy the house.

That to me is a responsible thinking through there options taking a small bit for the long-term gain not a bum

My last line should read that to me is a responsible adult thinking through there options taking a small bit of pain for the long-term gain

martingriff wrote: »

Why the hell should someone sell the house for less just because you want a place in the city. Its there house they can do what they want.

So that we are absolutely clear on this: I don't want a place in Dublin. I decided I did not want to spend my life there and I left last year.

However, I lived in Dublin between 2000 and 2016. This covered the period of a huge property bubble and crash. Your prices are back up to where they were not long before the whole shooting gallery crashed in 2007. One of the key issues that point to problems is a lack of FTB affordability. Given the screams and howls about how expensive it is, what the rules are, it seems to me that FTB affordability just isn't there.

The property crash in 2007 was a long drawn out mess as people chased market clearing prices down, almost like they were trying to catch fast falling knives. In part, property spent a lot of time on the market as people did not want to sell for "less than it was worth" or in many cases, less than they had paid for it.

martingriff wrote: »

There are also those who want a laundry list for there place and will not compromise I feel there are also the entitled class.

I think there's a lot to be said for not settling. I'm glad I didn't, for example. I'd be stuck in a terrace in Dundalk and commuting in from Dublin. Instead, I'm not. Possibly if people had not settled, we might not be in this mess. But your mileage may vary.

martingriff wrote: »

When I went to buy my place and look around I had what I wanted but realised it may not be possible so I compromised the amount of space distance from where I wanted etc and guess what then more places opened up and I paid less then if I tried to find the ideal place. Its mine I love it is it where I want it no, is it the size I would like no but you can't always get what you want.

Currently I live in a 1 bed apartment which is 8sqm smaller than the 3 bedroom house I vacated when I left Dublin. It's bigger than most 2 bed apartments in Dublin. It is a 30 minute walk from work, within five minutes of 2 supermarkets and a 10 minute walk from the centre of the city I live in which has reasonable public transport. I have pretty much everything I want plus I can afford to live on my own renting, Sure, I can't buy but if I lived in Dublin I would be neither able to buy nor rent so all told I think I'm doing better than I did in Dublin. I love where I am. And I didn't compromise because if I had, I'd be trapped in Dublin with a mortgage. I feel very fortunate but it was on the back of not compromising, not on compromising.

martingriff wrote: »

Who said leaving with you parents into your adulthood is normal as far as I can see either did the ad. It is an option which this person could take and they did it not telling you you have to or if you don't you are bad.

I actually had a conversation with my mother about this last night. I was interested to see that my mother's view is that the Bank of Ireland had an awful cheek. Our expectation is that once you are an adult, you are old enough to be taking responsibiity for your life. This includes not living with your parents as an adult. You can see in this thread that there are quite a number of people who consider that it is normal.

In any case, even the ability to kip in with parents is geographically determined. I studied in Dublin which is 250km from where my parents live. I was never going to be commuting from their place like a lot of my friends could. And I worked in Dublin when I got back to Ireland so I was never going to be commuting. Kipping with your parents is not so much normal as a privilege. And it ill behoves a bank to suggest that it becomes normal the way it has in other parts of the world.

johnnyskeleton wrote:

Where the is ample land and cheap building costs it would be strange to live with ones parents. But where there isnt it makes a lot more sense. In some cultures it would be considered strange not to live with several generations of a family under one roof.

Yes quiet common in Bangladesh, however they have a population of 60 million plus. Ireland on the other hand is amongst the most under developed in western Europe with a paltry population of just over 4 million.
Building costs for the most part are within our own control

jamesthepeach wrote: »

Dont be a gob****e.
Address must have been auto correct when I typed it.
You're really grasping here.

Address, advice, advertisement, the sentiment is there, you think it's good advice, you said "it works". You can't blame auto correct on everything. You then went on to say "ads are not advice"!! It's ok if you think it's good advice, it's ok if you think it's a good ad! I think it's a good ad!! I think it's brilliant! I don't think it's very nice, I think it's cynical, I think it's a nasty way to generate business in a strangled, screwed up housing/rental system that has people jumping through hoops to get a mortgage... but go ahead.

Take their advice, jump through hoops my friend. I genuinely hope it works out for you.

These banks are the reason people are jumping through hoops to get mortgages, they set it up, they screwed up, they were careless, they were doling out money when they shouldn't have been, they're suggesting the hoops now! Go for it, read their ads, take their advice.

On a human level I think it's unfair. I think it's unfair that it's impossible for hard working professionals paying massive taxes can't rent and save for a home.

I saw the Herald have a column condemning BOI over the Twitter advert.

So that's what #fakenews looks like...

Ursus Horribilis wrote: »

Years ago (I'm guessing 2004-2005) one of the banks ran a TV ad encouraging parents to help their kids stump up their mortgage deposit. Now that one I found offensive because it lay on the guilt tripping with a trowel. In comparison this is a storm in a teacup.

I remember that ad and it was guilt trippping the parents alright

John_Rambo wrote: »

Address, advice, advertisement, the sentiment is there, you think it's good advice, you said "it works". You can't blame auto correct on everything. You then went on to say "ads are not advice"!! It's ok if you think it's good advice, it's ok if you think it's a good ad! I think it's a good ad!! I think it's brilliant! I don't think it's very nice, I think it's cynical, I think it's a nasty way to generate business in a strangled, screwed up housing/rental system that has people jumping through hoops to get a mortgage... but go ahead.

Take their advice, jump through hoops my friend. I genuinely hope it works out for you.

These banks are the reason people are jumping through hoops to get mortgages, they set it up, they screwed up, they were careless, they were doling out money when they shouldn't have been, they're suggesting the hoops now! Go for it, read their ads, take their advice.

On a human level I think it's unfair. I think it's unfair that it's impossible for hard working professionals paying massive taxes can't rent and save for a home.

It's only an ad . Seriously. Get over it.

Otis Yummy Spatula wrote: »

I reckon he is just jealous as he has a big mortgage and begrudges those who move home to save a bigger deposit.

Nah I don't think so.
I think people just got outraged for no reason and joined the Twitter mob and got involved in the snowball and can't get off.
There was a great doc about that phenomenon on BBC last year. Can't remember what it was called.
I think at this point to everyone knows it was just an ad and they have gone off the deep end for no reason, but they tweeted it and they can't untweet it now so have to carry on.
It will just Peter out, until they next Twitter outrage event.
No point arguing again at the outrage so just let it Peter out and enjoy it for the spectacle it was.
This one will be used as an example for many a year.

Eliza Uptight Tire wrote:

I really am confused at how a bank offering very sensible advise "move home to save a deposit rather than insane rents" is the same as banks lending totally irresponsibly like they did prior to the recession. In fact it's the total opposite.

When your in a forest the leaves can hide the wood.

Villa05 wrote: »

I'm sure there was gentle persuasion for parents to be guarantors on loans during the last bubble.

What it underlines really is that banks have learned little from the last bubble or worse that they have and are doing it all over again knowing there is no consequences for them.

The sheep will just fall for it and bail them out again when it all goes belly up

In 2007 banks giving 110% mortgages now banks saying you have to save up fora deposit. That is prudent and 1 think to stop people loosing loads

Augeo wrote: »

Otis Yummy Spatula wrote: »

That's one outlook where as my parents are the exact opposite. I get asked regulalry how the job prospects are looking within commutable distance of home so that I can move back in home initially (with my oh) and then start building next door. They can't wait to have me back and seeing me everyday and of course having my help on the farm etc.

You'll get that job near home eventually old boy.

WOW someone give you a there how it could be an option to them is a childish comment. Why the strong reaction on some here to people who see this can be an option to some people or them so they can buy a house. Is it the fact they can actually do something do be able to buy a house