Did you know anyone that lived beyond their means during the good times?.

Ray Palmer · 17-05-2011 09:56AM

theteal wrote: »

they've changed the spelling. . .it's b. . .u. . .b. . .b. . .l. . .e

Senna wrote: »

People didn't know we were in a bubble, so most didn't know it would/could end.

We were in a boom time bubble only applies to house prices. If you are going to be pedantic about the use of a term get it right :rolleyes:

I didn't go crazy even though I earned over 100K a year for a few years and reduced my mortgage. Still don't own a car as I had/have no need. I lived below my means and still do and live very comfortably.

iamwhoiam · 17-05-2011 10:04AM

Ghost Buster wrote: »

Myself and my wife work in lowly paid but fairly secure jobs and built a tiny 3 bedroomed, 1 bathroomed bungalow on the lowest mortgage we possibly could. We didnt get extra for furniture, decorated it ourselves, did our own garden etc etc and we are planning a family (1 kid and one on the way)
My work mate who is older than me, makes slightly less, who's 1 child has moved to college built a massive 6 bedroomed, 3 en suite two story mansion with landscaped gardens, the works. There is just her and her husband living in it. Did i mention 6 bddrooms???:eek:
We are comfy and getting by.
She is strapped and in arrears.
I genuinely have no sympathy.

These kind of scenarios is why I would object to a blanket Government pardon for people in arrears .Some took no holidays, were careful and frugal and paid the mortgage as a priority .Some didnt and are in trouble , so should we all help them out now ? I woudnt be happy to actually .

wes · 17-05-2011 10:25AM

No, I didn't live beyond my means, and I even saved some money as well. Now having said that, I did spend money on holidays and other stuff, but it was always stuff I could afford, because I saved up for it, instead of borrowing.

TaraFoxglove · 17-05-2011 10:27AM

Senna wrote: »

People didn't know we were in a bubble, so most didn't know it would/could end.

Many knew we were in a bubble, my Dad included.

People gave him advice during the boom which is he had taken would have left him bankrupt come the recession. He knew the bubble would burst so didn't take it. He's now in a better position than a lot of people in his business.

CiaranC wrote: »

I got a job which paid stupid money, availed myself of loads of cheap credit and blew it all on expensive restaurants, drugs and travel. Now Im living debt free and saving to go off on another round-the-world. Those who didnt fall into the property trap did quite well out of the whole thing.

If you had a job that paid stupid money, why did you bother availing of cheap credit?

afatbollix · 17-05-2011 10:31AM

kfallon wrote: »

Visit The Zoo and then go to McDonalds??? :pac:

Are you my brother that was our trip to Dublin every odd sunday.. Or to the airport to see the planes take off...

As a 8 year old it was awesome..

Vudgie · 17-05-2011 10:32AM

Ghost Buster wrote: »

Myself and my wife work in lowly paid but fairly secure jobs and built a tiny 3 bedroomed, 1 bathroomed bungalow on the lowest mortgage we possibly could. We didnt get extra for furniture, decorated it ourselves, did our own garden etc etc and we are planning a family (1 kid and one on the way)
My work mate who is older than me, makes slightly less, who's 1 child has moved to college built a massive 6 bedroomed, 3 en suite two story mansion with landscaped gardens, the works. There is just her and her husband living in it. Did i mention 6 bddrooms???:eek:
We are comfy and getting by.
She is strapped and in arrears.
I genuinely have no sympathy.

No sympathy? You actually appear to be almost taking pleasure in their circumstances.

People were idiots and spent way beyond their means but I still have sympathy for people under incredible strain trying to pay for their mistakes. The difference is the likes of your work mate will find it very difficult to walk away from their mistake.

You are in a better place than your work mate and you should be proud of that but having empathy for someone in arrears doesn't spoil what you have.

Duggy747 · 17-05-2011 10:40AM

I once ate in Eddie Rockets.

I was out of control in those days.

COYW · 17-05-2011 10:42AM

I know plenty who did and who still maintain the same lifestyle. I can tell you one thing, there was no recession in Dublin airport on Sunday morning. The place was packed with football fans, mostly Liverpool, going over to watch games and the shops, bars etc were packed. The bar on the Ryanair flight took some hammering on the 7.45 LPL flight.

kfallon · 17-05-2011 10:53AM

Dudess wrote: »

C'mon peeps - don't you know "we" "all" lost the run of ourselves!

Apparently.

Is that the 'Royal we' you are referring to!
I lived a very sensible life during the boom!

prinz · 17-05-2011 11:01AM

afatbollix wrote: »

.. Or to the airport to see the planes take off... As a 8 year old it was awesome..

They were the good old days. Used to be an outing for me as a kid too.

Spacedog · 17-05-2011 11:05AM

I know 1 guy who took out a 30K loan to go to las vagas with his mates, for 1 long weekend of coke and hookers. he said he had a great time but still complains about not being able to pay the mounting interest it back despite still going out every other night.

Balmed Out · 17-05-2011 11:09AM

Vudgie wrote: »

No sympathy? You actually appear to be almost taking pleasure in their circumstances.
QUOTE]

Dont think thats fair

stovelid · 17-05-2011 11:10AM

To my great disappointment, I can't think of any.

I would have liked nothing better than to have spent the morning anonymously laughing at my friends behind their backs on the net though.

I can throw in a few smug, self-aggrandizing platitudes about not being in debt or not having a mortage if it helps the thread along though.

Saila · 17-05-2011 11:34AM

there was no spending like idiots the gobment made it up to hatch and cover their plan to take over europe and the world we are in a no lose sitation we sink the world comes with us :cool:

Fbjm · 12-06-2011 02:36PM

During the recession? Yep. Dad had to get rid of his BMW and get like an alfa-Romeo or something which is apparently a good car though I haven't a clue. We were able to go on a three week tour of the east coast of America last summer though, but due to the recession. We really wanted to go to Australia but €2000 per person cop yourself on. Our house price decreased to like €700,000 and we had to fire the woman who cleans the house on Saturdays and nearly fired the gardener.

bigneacy · 12-06-2011 02:43PM

Fbjm wrote: »

During the recession? Yep. Dad had to get rid of his BMW and get like an alfa-Romeo or something which is apparently a good car though I haven't a clue. We were able to go on a three week tour of the east coast of America last summer though, but due to the recession. We really wanted to go to Australia but €2000 per person cop yourself on. Our house price decreased to like €700,000 and we had to fire the woman who cleans the house on Saturdays and nearly fired the gardener.

Jaysus, and do you have to clean the house yourselves now? That's pretty rough alright. You hear about the recession really affecting people, but your situation just brings the message home.

Fbjm · 12-06-2011 03:00PM

bigneacy wrote: »

Jaysus, and do you have to clean the house yourselves now? That's pretty rough alright. You hear about the recession really affecting people, but your situation just brings the message home.

No I just do the hoovering it takes like five minutes mom does everything else. We still have Olympia over every now and again when things pile up.

Mike 1972 · 12-06-2011 03:08PM

kfallon wrote: »

Are students who live above their means those that buy Heinz Beans or Spaghetti Hoops over Spar own brand beans

Not if they buy the Heinz beans in multipacks from Lidl

Spar you say ? No recession in your house

COYW · 12-06-2011 03:18PM

Worked on contract in an online advertising company and the sales staff all went bonkers. The basic salary for a member of the team was €30K per annum but with bonuses most were taking home €90K+. I was told that you had to have a take home pay of €65K+ to meet the bare minimum sales targets and avoid getting sacked. I don't work in Sales, so I don't really understand how it worked.

The team was made up of young girls and guys under 25 who really lost the plot. Most had sports cars, convertible Mercs and the like and bought a house in Dublin 4 or thereabouts. The guys went to a private casino and/or strip club every Friday night. I remember speaking to one girl who would only shop for clothes in London, Paris and New York with the odd exception.

One payday she was down in the city centre for her lunch, popped into BT and ended up coming back with new pair of designer boots costing a cool €800. Nice place to work but it really typified the madness of the Celtic tiger.

Balmed Out · 12-06-2011 03:27PM

Anyone I know who worked as a tradesman seemed to be earning silly money and spending it hand to fist. 1000 euro per kid at xmas seemed normal to them.

Show Time · 12-06-2011 03:37PM

I bought my home when the good times were rolling and had many a person laugh when i told them that having a roof over my head when i am 60 was more important then going away three or four times in a year.

Fast forward eleven years and the same people who laughed at my modest lifestyle are up the creek without a paddle, And with letters every other week telling them how much more debt they are now in.

shannon_tek · 12-06-2011 03:43PM

it will be back and i will make sure

Reg'stoy · 12-06-2011 04:25PM

Bloke who works with the brother paid 20,000 :eek: membership fees for castlewarden golf club. Same guy spent close on 3,000 on a fridge yes fridge because in his words "a smaller one would just look stupid in his big kitchen". His idiotic spending finally hit him (didn't lose his job or anything) when he had to deliver some chinese food (he does deliveries now to make ends meet) to some of the grounds staff in castlewarden who recognised him.

The brother put it beautifully when he said that this guy when he moved into his second home in as many years couldn't afford to go out because his repayments were that large. Didn't learn anything so typical Irish at the time, sold and bought bigger thinking the return long term would be huge. Now he can't even afford to sit at home spending nothing because he now has to work every spare hour to cover his NAMA sized mortgage. His wage alone does not cover their repayments

which means as he earns roughly the same as me his repayments are around 2,800ish.

Couple of guys in my place also now do deliveries be it for chinese's or off-licences. Same guys were cock-a-hoop a couple of years ago at the deals they got on their investment properties.

On a personal note I have 4 years

left on my mortgage thanks to lorrying the money off it when I could, still went on sun holidays just wasn't stupid. Only last year did I finally get a LCD Tv, could never fathom why someone would spend 1,000's on a TV.

jesus_thats_gre · 12-06-2011 04:35PM

Me

Thank god I did too. Only for that epic credit card balance that I managed to rack up with holidays, I would have gone and done something stupid like buy a house about 4 years ago.

Who would have though that being so wreckless with money in my mid-twenties would have saved my financial future...

Did you know anyone that lived beyond their means during the good times?.

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