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We're trillionaires.. apparently

connundrum

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I love one quote from it:

the average Irish household boasted a wealth holding of €674,000 at the start of the year.

Do you feel different? I feel pretty much the same. Knowing that on average, I'm worth €674,000 makes me feel a bit better I guess.

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Rob_l

huh! thread makes my head hurt what are you trying to say?

I haven't read the article but im presuming it has something to do with houses prices so the household is worth the average house price is this a shock?

In other breaking news, sky still not falling down!

Archeron

Rob_l wrote: »

In other breaking news, sky still not falling down!

Yes it is. Either that, or someone is throwing big bits of blue concrete at me.

cance

i too am confused, scared and vulnerable...

Rob_l

Archeron wrote: »

Yes it is. Either that, or someone is throwing big bits of blue concrete at me.

:eek::eek::eek: breaking news just in from our reporter on the ground!

The sky is falling down!

Panic soon to ensue!

Join us later for live coverage as the panic happens.

bill_ashmount

Ok, who is after robbing my share? :mad:

Gillo

Read the first few paragraphs and quit, what people fail to understand it that it's all realitive. My house is work apx €300,000 it doesn't mean I have that much money, first off I owe the bank most of that and even if I didn't what happens when I liquidate all my assets (sell everything I own) yeah I'd get the value of the house in cash, but where would I live??

rigormortis

The average house includes approximately 3 people. And do they mention the sea of debt?

Hail 2 Da Chimp

Theres a SEA of debt?

watna

I have no assets, only debts. I feel that it is an abuse of my human rights that I have none of this wealth. I demand I be given €674,000 so I can go shopping.

Archeron

Gillo wrote: »

yeah I'd get the value of the house in cash, but where would I live??

In a tent made of €50 notes on a roundabout off the M50 of course!!!

Rob_l

watna wrote: »

I have no assets, only debts. I feel that it is an abuse of my human rights that I have none of this wealth. I demand I be given €674,000 so I can go shopping.

No assets! :eek:

Princess Consuela Bananahammock

watna wrote: »

I have no assets, only debts. I feel that it is an abuse of my human rights that I have none of this wealth. I demand I be given €674,000 so I can go shopping.

Cheque's in the post.

seamus

Actually every time one of these comes out, I'm always surprised that the level of household debt is so low (in relation to the average house price and how we hear about there being too many mortgages). There are clearly a considerable number of people who own their homes outright, or almost so.

connundrum

seamus wrote: »

Actually every time one of these comes out, I'm always surprised that the level of household debt is so low (in relation to the average house price and how we hear about there being too many mortgages). There are clearly a considerable number of people who own their homes outright, or almost so.

Just read in the Indo where the most recent figures say that 1/3 of homes are owned outright.

The reason for starting the thread was to point out the sillyness in even making this 'breaking news'. I wouldn't go around bragging that I own €20k worth of goods, as I clearly owe €18k of the value of those goods to ze bank.

A non news story if ever there was one.

faceman

im still trying to my head around these figures. What i really cant work out is that when you take housing out of the those figures, the worth is c. 320k with debts of 120k! Where in the name of hootanilly did they derive those figures from!

HertzVanRental

Journalism for the Champers Generation.

For such wealthy people who drive new cars and have big houses, they sure spend a lot of time counting their pennies out at Tesco.

AngryBadger

Hail 2 Da Chimp wrote: »

Theres a SEA of debt?

Yeah it's just past the sea of traniquility, after the dead sea. Where all the biker gangs hang out and have monkey knife fights