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18-06-2020, 10:22   #61
howamidifferent
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Originally Posted by pgj2015 View Post
Sean Quinns daughters wedding cost 1 million euro.
And we are still paying for it with the insurance levys.
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18-06-2020, 10:24   #62
Hector Savage
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I was offered a 100% mortgage on a house in Kilbeggan when I was on 31k. Its affordability was based on assuming I'd rent rooms out to the rent-a-room max amount.

My parents talked me out of it.
I hope you thanked them !!! ... a lot!!!
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18-06-2020, 10:30   #63
mariaalice
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The payouts from the SSIA scheme matured around 2005/2006. It was the second stage of a credit fueled rocket kicking in for many. Equity releases, thousands received from a government top up saving scheme, 100% plus mortgages, loan offers from credit unions, preapproved credit cards, unsecured bank loan offers. All that, no cattle. How did it all go wrong?
I had an SSIA, but other than that no financial institution ever offered me loans or or credit cards that I can remember, so again maybe it was only certain sections of society it was offered too?
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18-06-2020, 10:35   #64
Richard Hillman
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As said before, there was a lot of going out to pubs and clubs. The Internet wasn't as widely available then so travel wasnt as big a thing with things like Skyscanner etc. Most people would still go to Travel Agents. Online Shopping wasn't as big, so places like Dundrum (which had only been built) and town were Choc a block.

One thing that was very different was the abundance of jobs. There were jobs everywhere. I walked into a tech support job at a large multinational after doing a basic ECDL course. I was nowhere near qualified for the job and didn't last long. I would probably need a degree for the job now a days.

Young lads were being encouraged to leave school and go onto the sites.

Before the Covid Crash we were supposed to be having a boom but it was nowhere near what we had before. It definitely isn't nostalgia. I have been in a dead end job for the last 3 years, despite having a degree that I attained after the financial crash. If it were 2005-2008, I probably could have been naming my price to potential employers.

The Celtic Tiger gets a bad rep but it was a boom that everyone benefited from, as opposed to the non-boom of the last few years. Yes, lots of people lost the run of themselves trying to out do the Jones's via Bank Credit but they were just insecure people that needed to project an image.
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18-06-2020, 10:38   #65
dotsman
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So they went to Frankfurt - possibly the most boring city in Europe (after Luxembourg)?
Luxembourg is one of the best cities in Europe for a lad's weekend. Absolutely nothing boring about it.
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18-06-2020, 10:46   #66
helimachoptor
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Guy i worked with, tried his hand a property developing. Had land with good road frontage in Kilbeggan.
Built 4/5 houses and sold them, so decided to built a big housing estate, but the recession hit and it turned into a ghost estate.
The bank rang him every week chasing money, had a heart attack (lived) but last i heard he was still paying them.

Not like that pamela flood and the restaurant guy who got a handy deal because they got to appear in the papers each week for a few months crying poor.

Myself and wife were going to a wedding, a couple of weeks before hand we got an updated invite to say it was now black tie only and only admittance would be in black tie. And also they didnt want gifts just cash. I cant remember the exact number but there was 200 or so due to go, about 70-80 turned up and most brought presents.
Bride spent most of the day crying
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18-06-2020, 10:49   #67
CrankyHaus
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.

Before the Covid Crash we were supposed to be having a boom but it was nowhere near what we had before. It definitely isn't nostalgia. I have been in a dead end job for the last 3 years, despite having a degree that I attained after the financial crash. If it were 2005-2008, I probably could have been naming my price to potential employers.

The Celtic Tiger gets a bad rep but it was a boom that everyone benefited from, as opposed to the non-boom of the last few years. Yes, lots of people lost the run of themselves trying to out do the Jones's via Bank Credit but they were just insecure people that needed to project an image.
For the people running the country this is not a bug, it's a feature.

In certain influential quarters one of the most bemoaned aspects of the Celtic Tiger was how high wages damaged our competitiveness.
Of course this concern didn't extend to high earners in the professions or at executive level, or high rents and other high living costs. But a concern that the drones brought down the whole system by being too greedy was very palpable.
I remember in the early days of the crash Peter Sutherland, famous for his own modest income of course, had a big opinion piece in the Irish Times where he raged against high wages.

Last edited by CrankyHaus; 18-06-2020 at 11:26.
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18-06-2020, 11:06   #68
bluewolf
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I used to pay for chicken fillet rolls with fresh 50s and throw the change in the bin on the way out the door.
I always think of the "change in the bin" stories
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18-06-2020, 11:09   #69
thecretinhop
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Christ where to start

(1) Prop developer land next to us. top notch helicopter. wife used fly twice a week to shopping in dublin. 1000k a pop. all gone namad

(2) galway races utter buffer rednecks paying 500e to get stuck in traffic to drive to galway airport to fly for about 1 minute to arrive in style.

(3) a famous developer a little tired and emotional paid 50k extra for land. bank rang up keep it he says

(4) wifes Bulgarian friend laughing at fat irish rednecks paying 180k for a bargain a relative of hers bought same for 25k.

(5) stag nite in galway lad with his shirt ripped with a lot of 50s saying i cant get married without getting me hole i have 500 lads any joy?

(6) developer/fateen county low level minxeen
he loses it all. last house bank seizes. wet monday morn sheriff's etc to seize it. all arrive a jolly day out for some.
No sign of house. no worries bank guy rings to recheck myst be a mistake. comes back concered deffo right gps.
rings minxeen where is house.
your on top of it i knocked it and buried it at weekend.
hung up.
bank mgr had a double brandy dat night

anyhow loads more will get back
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18-06-2020, 11:11   #70
Sky King
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Luxembourg is one of the best cities in Europe for a lad's weekend. Absolutely nothing boring about it.
Yea if you want to spend a weekend experiencing what a Sunday afternoon in the IFSC is like
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18-06-2020, 11:17   #71
El_Duderino 09
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I always think of the "change in the bin" stories
Was it ever true? Sounds a bit like the woman leaving the buggy at the bus stop.
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18-06-2020, 11:42   #72
BrianD3
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Love the posts about helicopters, a property developer neighbour of mine had one that would regularly takeoff and land in his garden. Not sure if he flew it himself or had a pilot. Anyhow it was "only" a Robinson Just as with cars, there is a hierarchy.
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18-06-2020, 11:49   #73
KoolKluxKlan
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Who could forget this guy with his 50 notes
https://m.youtube.com/watch?v=00umb7Cdgdk
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18-06-2020, 11:55   #74
Sunny Disposition
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n 2007, a property developer booked Girl Aloud for his daughter's 21st. The group were reportedly flown by private jet to Dublin and performed on stage before mingling with guests. According to event planners, the cost of the band alone could have been anything up to €400,000.

Found this online, be hard to top that but I am sure some did.



That's the way it was with developers! Even at the time I found it funny, the insecurity with a lot of the newly successful ones was so bad that they had to outspend the next guy. There's no way his daughter liked a relatively talentless group like that so much that it was worth bringing them over. They'd surely have had as much craic with a good DJ there, but that's not a story you can use in the bar of the golf club when the bragging starts.
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18-06-2020, 12:19   #75
El_Duderino 09
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Who could forget this guy with his 50 notes
https://m.youtube.com/watch?v=00umb7Cdgdk
If I didn't see that I might not have believed it. Some people will never have money, looking at that it's clear some people are destined not to have money for long.
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