What do you want out of Celtic Tiger 2.0 ?

Jamiekelly

A fully regulated system with a decent amount of checks and balances in place to support the continuing and ever thriving industry demand for dwarve boxing.




Cheaper boats, blow and hoes too

porsche959

anncoates wrote: »

All I want is the platform to flaunt my own imagined sense of probity by lampooning the same celtic tiger clichés interminably

I want to have my own spot on the Joe Duffy radio programme so I can rant endlessly about de bankers.

porsche959

Shiraz 4.99 wrote: »

I caught the wave nicely the last time, I came out of college in the late 90's & benefited from constant wage inflation for over a decade.
The recession put a freeze on that but this year saw our first wage increases since 2008 & our industry looks very strong into the future.
We're looking at sales books to rival 2006 & are having trouble achieving output targets.

Like most in my generation I bought a home during the boom but didn't overextend myself as badly as others, already 10 years into the 25 year term & the record low interest rates have softened the burden.
A European wide recovery will lead to an increase in interest rates but wage inflation & a more aggressive mortgage market should see us through if we've got this far.

Rather than the 161 plate Passat I would encourage people to take short career breaks this time around, take that 3 month drive across the US rather than waiting for your retirement.
Play the top 10 links courses in Scotland, go on that Scandinavian cruise if that's your thing.
You'll be able to do far more in your 40's than in your 60's & you'll have more time to tell the stories.

The mistake I made the last time around was to work every hour that was on offer, accruing wealth was the goal in itself.
This time I'm looking forward to spending more time enjoying it.

tl:dr What are going to do when things pick up again ?

Colour me sceptical regarding "Celtic Tiger 2", as you've correctly said ECB is still operating record low interest rates, what happens when they start to increase?

porsche959

Joe prim wrote: »

A reduction in helicopter charges for the chiseller's communion.

I want to spend €600 on one of those fancy "baby strollers" they have now in incandescent green and pink.

I don't actually have any kids, but whose to say I shouldn't have a baby stroller, I can use it to store things in.

Daveysil15

Shiraz 4.99 wrote: »

What are going to do when things pick up again ?

Find a woman and settle down. The bars have been very quite lately.

porsche959

I'm going to buy one of those Yank tanks that look slightly like Bentleys (but not enough for anyone that has a clue to confuse it with a real one) and get a Bentley logo for the front.

Classy!

porsche959

I'm going to get a Range Rover for the school run.

jimgoose

porsche959 wrote: »

I'm going to buy one of those Yank tanks that look slightly like Bentleys (but not enough for anyone that has a clue to confuse it with a real one) and get a Bentley logo for the front.

Classy!

You mean a Chrysler 300C. Awful, shocking cars. Desperate. Get a Bentley and put Chrysler badges on it - that'll furk 'em.

porsche959

jimgoose wrote: »

You mean a Chrysler 300C. Awful, shocking cars. Desparate.

Yes that's the one. Couldn't remember the name.

porsche959

jimgoose wrote: »

Get a Bentley and put Chrysler badges on it - that'll furk 'em.

Lol. Apparently circa 2005 there was an urban myth about a taximan driving around in a Bentley but it was really a Chrysler 300C.

shruikan2553

Shiraz 4.99 wrote: »

Shhhh . . . . don't tell Donegal it's going on, they missed the last one & we'll have more to share around if they miss this one too.

Donegal naturally gets forgotten anyway, sure its a part of the north.

Shiraz 4.99

porsche959 wrote: »

Colour me sceptical regarding "Celtic Tiger 2", as you've correctly said ECB is still operating record low interest rates, what happens when they start to increase?

They are sure to increase once inflation increases.
Inflation drives up costs & salaries which should negate the rising mortgage payments.
Remember when your parents paid off the last of their mortgage which was 12 bob 5 shillings per month, cost less to fill the car near the end.

porsche959

Shiraz 4.99 wrote: »

Remember when your parents paid off the last of their mortgage which was 12 bob 5 shillings per month, cost less to fill the car near the end.

Actually I don't see that happening. ECB's long term focus has always been on controlling inflation, I don't think they will lose the plot. Yes rates will eventually go up but not to double digit rates seen in 1970s and 1980s.

porsche959

shruikan2553 wrote: »

Donegal naturally gets forgotten anyway, sure its a part of the north.

IIRC right in the middle of the "boom" Donegal was suffering from factory closures, eg Fruit of the Loom.

For Forks Sake

porsche959 wrote: »

IIRC right in the middle of the "boom" Donegal was suffering from factory closures, eg Fruit of the Loom.

Given the minuscule costs that same goods can be produced for in the likes of India and China, that was never going to be a long-term viable business in this country.

cabledude

porsche959 wrote: »

Colour me sceptical regarding "Celtic Tiger 2", as you've correctly said ECB is still operating record low interest rates, what happens when they start to increase?

When that tide turns, there will be a lot of drownings.

For Forks Sake

porsche959 wrote: »

Colour me sceptical regarding "Celtic Tiger 2", as you've correctly said ECB is still operating record low interest rates, what happens when they start to increase?

Not happening yet, be grand lad.

http://businessetc.thejournal.ie/tracker-mortgage-cut-ireland-ecb-1465350-May2014/

cabledude

Shiraz 4.99 wrote: »

They are sure to increase once inflation increases.
Inflation drives up costs & salaries which should negate the rising mortgage payments.
Remember when your parents paid off the last of their mortgage which was 12 bob 5 shillings per month, cost less to fill the car near the end.

Not. Going.To. Happen.

The ECB is run by the Germans. They hate inflation. They will not allow inflation rise above 2% before they start jacking up the rates. They will do whatever they need to do to keep inflation low.

This country needs high inflation. It will help erode our National and personal debt.

But the Germans don't want this.

The Germans runs the show.

MonkeyTennis

Buy a new fiat punto and pimp the beeeeejeeeeeeesus out of it.

Mardy Bum

cabledude wrote: »

Not. Going.To. Happen.

The ECB is run by the Germans. They hate inflation. They will not allow inflation rise above 2% before they start jacking up the rates. They will do whatever they need to do to keep inflation low.

This country needs high inflation. It will help erode our National and personal debt.

But the Germans don't want this.

The Germans runs the show.

The current worry in the ECB is deflation and they are trying to increase inflation rates by lowering interest rates.

Captain Scarlet

1. A government that uses taxes to provide adequate services for the citizens that pay them, so that next time my teenage daughter is taken away in an ambulance, she isn´t left languishing untreated in an adult hospital, and it doesn´t take two months of banging my head off the door of the HSE to get her transferred to an adolescent unit someplace.
2. No more talk of "debt forgiveneness" for "distressed mortgages". If you took out a loan you couldn´t afford, why should other tax-payers have to bail you out, any more than they should have had to bail out failed banks? Go study Economics a bit. Next time the home you want has a ridiculously high price-tag compared to your earnings, rent first and wait for a recession.
3. Crolly Dolls. They were from Donegal. My sisters had loads circa 1970.

cabledude

Mardy Bum wrote: »

The current worry in the ECB is deflation and they are trying to increase inflation rates by lowering interest rates.

I know. But, IF, and thats a BIG IF, the Eurozone economies turn around and start growing beyond inflation rates of 2% the ECB will pile in and dampen things down again.

We need growth and inflation of around 5-6%. But we will be held back by the ECB.

cabledude

Captain Scarlet wrote: »

1. A government that uses taxes to provide adequate services for the citizens that pay them, so that next time my teenage daughter is taken away in an ambulance, she isn´t left languishing untreated in an adult hospital, and it doesn´t take two months of banging my head off the door of the HSE to get her transferred to an adolescent unit someplace.
2. No more talk of "debt forgiveneness" for "distressed mortgages". If you took out a loan you couldn´t afford, why should other tax-payers have to bail you out, any more than they should have had to bail out failed banks? Go study Economics a bit. Next time the home you want has a ridiculously high price-tag compared to your earnings, rent first and wait for a recession.
3. Crolly Dolls. They were from Donegal. My sisters had loads circa 1970.

Absolutely. But, what about the people who took out mortgages they could afford at the time, but, for reasons outside of their control, the economy tanked and now their ability to service said mortgage is diminished?

What do economists say about this.?

impr0v

bear1 wrote: »

I'd love a new 141/142 car but a brand new car never appealed to me.

I see.

Adamantium

orangesoda wrote: »

Preferably County Leitrim given to us

I can reliably inform you, I'm the last man here. Where do I sign?

jonnny68

I highly doubt there will be another so called celtic tiger in time the economy might improve but people will be much more careful this time around.

c_man

What do you want out of Celtic Tiger 2.0 ?

Two chicks at the same time.

forgotten password

guitar lessons

Idbatterim

Get a ridiculous mortgage that I can barely pay. If I sell it for a profit I'm a genius, if I lose money its the banks fault and I shouldn't have to pay it back.

Make sure its AIB, they seem to be very blase about writing off hundreds of thousands with no strings attached!

http://www.boards.ie/vbulletin/showthread.php?p=90337022

Durz0 Blint

To not make the same mistakes my parents did

Captain Scarlet

cabledude wrote: »

Absolutely. But, what about the people who took out mortgages they could afford at the time, but, for reasons outside of their control, the economy tanked and now their ability to service said mortgage is diminished?

What do economists say about this.?

Fair point, and a more difficult one. I suppose there´s a neo-liberal response, and a social democrat one, and everything in between. In this dysfunctional mess, there isn´t a social housing solution for those who lose their homes "through no fault of their own", and now with the lunacy of rising private rents, it´s tough on those who´ve lost jobs or taken income hits. But a lot of folk did take out very silly mortgages compared to their salaries, and felt they could service them. Hell, our bank offered us, unsolicited, half a million when we asked them for a mortgage extension of forty grand. This on a three-bed suburban semi. Luckily I´m old enough to have lived through the Real Recession (the early eighties one), and refused. Even when we came back and bought a home (after ten years abroad because of the Real Recession), I still applied the "2.5 plus 1" salary rule, and was considered to be overly-cautious. But I´ve no time for people who can pay their mortgage moaning about "negative equity". It´s a home, not a financial investment.
Sorry for digression. What else do I want from CT2? Dunno. Hover-boards would be nice. In middle age, I´m a bit disappointed they never got invented.

tomwaterford

Adamantium wrote: »

I can reliably inform you, I'm the last man here. Where do I sign?

post office Friday morning

mickydoomsux

Durz0 Blint wrote: »

To not make the same mistakes my parents did

But then you'd never have been born.

Harsh, sorry.

Micky Dolenz

I'll hopefully do the same as the last time. Buy a heap of crappy old houses, spend cheap on them, cheap kitchen, b&q bathroom, a lick of paint and flip it for major coin. Ah, good times.

mickydoomsux

Micky Dolenz wrote: »

I'll hopefully do the same as the last time. Buy a heap of crappy old houses, spend cheap on them, cheap kitchen, b&q bathroom, a lick of paint and flip it for major coin. Ah, good times.

^
This needs to be added as an extra verse to the national anthem.

Roger_007

We should follow the Microsoft example and wait for Celtic Tiger version 8.2 to be released. Even then it won't be perfect!

Shiraz 4.99

Micky Dolenz wrote: »

I'll hopefully do the same as the last time. Buy a heap of crappy old houses, spend cheap on them, cheap kitchen, b&q bathroom, a lick of paint and flip it for major coin. Ah, good times.

True Irish patriotism as it's best . . . .

I'd have done the exact same thing had I the cash . . .


Best one was to buy for €310k off plans, wait 18 months for development to be complete then sell for €380k to FTB's.
Oh happy day.

cabledude

mickydoomsux wrote: »

^
This needs to be added as an extra verse to the national anthem.

And taxed at 99.999999% on every euro gained.

super_furry

We're right on track for Hoverboards given the Back to the Future 2 timeline hits next year.

cabledude

Captain Scarlet wrote: »

Fair point, and a more difficult one. I suppose there´s a neo-liberal response, and a social democrat one, and everything in between. In this dysfunctional mess, there isn´t a social housing solution for those who lose their homes "through no fault of their own", and now with the lunacy of rising private rents, it´s tough on those who´ve lost jobs or taken income hits. But a lot of folk did take out very silly mortgages compared to their salaries, and felt they could service them. Hell, our bank offered us, unsolicited, half a million when we asked them for a mortgage extension of forty grand. This on a three-bed suburban semi. Luckily I´m old enough to have lived through the Real Recession (the early eighties one), and refused. Even when we came back and bought a home (after ten years abroad because of the Real Recession), I still applied the "2.5 plus 1" salary rule, and was considered to be overly-cautious. But I´ve no time for people who can pay their mortgage moaning about "negative equity". It´s a home, not a financial investment.
Sorry for digression. What else do I want from CT2? Dunno. Hover-boards would be nice. In middle age, I´m a bit disappointed they never got invented.

This recession is pretty f**king real too.........



Also, on the hoverboard issue, there is light at the end of that particular tunnel for you - if you have €70,000 lying around!!!

http://www.iflscience.com/technology/hovercraft-coming-market-2017

snaphook

SSIA 2.0

gugleguy

mickydoomsux wrote: »

^
This needs to be added as an extra verse to the national anthem.

it won'nt be sing in croke park though because at that stage the crowd will be cheering. It'ok be nice to hear what the existing last words sound like.

stehyl15

Anyone fancy a shopping trip to new york this weekend

cabledude

stehyl15 wrote: »

Anyone fancy a shopping trip to new york this weekend

I can't. I have exams tomorrow and I have a game of football on Saturday. I'm free next weekend. That should be enough time for me to re-mortgage the house.

gugleguy

stehyl15 wrote: »

Anyone fancy a shopping trip to new york this weekend

No. Reason: My New York shopping will be quarry for the robbers back home. I've gone native. No, I'm not a robber and am non violent.

gugleguy

tomwaterford wrote: »

post office Friday morning

Is that in a green AN POST post office, or a red Post Office up North? Mr Soda might prefer the latter.

annascott

Well done OP for such a wonderfully positive and optimistic link. Just the thing to start the weekend smiling.

To answer your question. I am going to do the opposite to you. I spent the last boom time spending everything that I had. This time, I will try to discipline myself and save..

Captain Scarlet

cabledude wrote: »

This recession is pretty f**king real too.........



Also, on the hoverboard issue, there is light at the end of that particular tunnel for you - if you have €70,000 lying around!!!

Hmmm. Not sure if that would satisfy my hoverboard-lust. I want one like the guy in "Back to the Future" had.

gugleguy

The same building society opening times that were in Celtic tiger 1. Twenty years ago, I could walk into a building society before 9pm at night on a Thursday and withdraw cash. Yes I can see building society counter staff laugh at me reading this. No building society is open on a Saturday anymore. Also, any cash withdrawal over the counter must be made before 4pm according to my building society now.

gugleguy

Celtic Tiger 2.0 Entrepreneurs, if they wish to impart their know - how to others should completely do away with the PLATITUDE shyte. Like "I got up at 5am every morning, and I did a 5 mile walk in my shirtsleeves and only then did I have a breakfast of black tea with a slice of brown bread and butter". Replace the platitude crapola with credit to people like the ordinary john or mary who gave them a hand with setting up the pc/coffee table/ etc instead.