The Country is full of Money

StevenToast · 22-01-2022 4:49pm #1

Theres a feel of the Celtic Tiger all over again.....Inflation going up and up...Houses prices continuing to rise.....The only difference this time is that instead of banks giving out cheap credit.......the government gave out free money!! ......nearly 10billion in PUP alone!!! Plus the various other handouts, EWSS etc......

Have you any examples of Ireland being awash with cash?

Im starting to notice alot of packed shopping retail car parks....even extremely long queues for Car washing!!

Will it all end in tears again....just like 2009/10??

zell12 · 22-01-2022 7:42pm

New massive cars on PCP, cost of basic materials rising worldwide, cost of labour rising, energy costs going nuts, ECB/Fed printing money, money flowing into tangible assets,..

Difference is this affects the entire global monetary system. There will be some sort of global reset due.

StevenToast · 22-01-2022 8:50pm

Nearly impossible to get a tradesman....and if you do...the quote would give you heart failure...

Car99 · 22-01-2022 8:56pm

There seems to be slot of money around but who has all the money ? Not many under the age of 50

Furze99 · 22-01-2022 9:18pm

Going to be some realignment for sure, not least when EWSS supports are pulled from businesses. That'll be an acid test. And employers start looking for employees to come into office 5 days a week.

eddie73 · 22-01-2022 9:19pm

https://www.boards.ie/discussion/comment/118518562#Comment_118518562

Are you living in dublin?

seamusk84 · 22-01-2022 9:28pm

If it is, I sure as hell don’t have it.

Raising kids with a mortgage to boot on one income (because child care costs just don’t make it viable to have both of us working)….Feck all left at months end.

But of course that’s my fault for having kids. Sure let’s all not have kids so.

lol I’m a bit p****d off this evening!

Shao Kahn · 22-01-2022 9:41pm

https://www.boards.ie/discussion/comment/118518731#Comment_118518731

I know some folks who would like to start a family, but they can't afford to do it.

They'd be in the same boat as yourself if they did probably.

So I suppose it is your fault to a certain degree. Anyone with their head screwed on, knows having kids will cost an absolute fortune in this overpriced country.

robbiezero · 22-01-2022 9:44pm

Dunno if its full of money but I do wonder who is paying half a million plus for houses in estates in the likes of Maynooth.

Still stihl waters 3 · 22-01-2022 9:52pm

https://www.boards.ie/discussion/comment/118518731#Comment_118518731

As long as we penalise working people for having kids and rewarding the scrotes who breed like rats while having no other qualifications in life but to have the abilities to reproduce knowing jonny taxpayer will rear the mongrels they breed nothing will change, working people with children are getting screwed while the eternally useless ride for a pastime knowing someone else will pay the bill

Dickie10 · 22-01-2022 9:58pm

i wouldnt mind having a child or two as i see my friends at it, but definitley love my lifestyle the way it is at the minute even with covid lockdowns the last two years. i want to expand my business and am waiting for the markets to cool a bit on next few years . so kids are not on horizon, kind of what puts me off really wanting to get in a relationship at the minute too

airy fairy · 22-01-2022 10:00pm

I don't think there's plenty of money, but there's plenty of debt and people willing to take out debt to live a lifestyle I only aspired to when growing up. Difference is, I had a conscience when taking debt upon myself and the aim was to pay it back asap, now it seems it's the thing to take debt on and never take heed when it needs to be fully repaid. Add-ons whenever a new car, diy or holiday is needed. We always saved for a holiday, if you didn't have the money, you didn't go.

And why are we still ok to hand out pup until March when most restrictions are gone now?

Shao Kahn · 22-01-2022 10:54pm

https://www.boards.ie/discussion/comment/118518941#Comment_118518941

Sounds nice, why don't you go and join them if it's such a cozy lifestyle?

Or perhaps vote for different politicians who might change the social dynamic? Whinging about how society is running, doesn't do a damn thing to change anything. (but in many of these "discussions" most people really just want to have a good old whinge tbf)

There is always the option of living a more spartan lifestyle too, and not partaking in the consumerist merry-go-round. I have a buddy who lives like this with 3 kids - very stingy with money and very inventive with ways to cut overheads. Most people would have zero interest in living their lifestyle, however, as they have practically nothing other than the bare necessities. But they're all very happy, the kids are a joy to be around too. (lack of consumerism actually does make people happier imho)

Shao Kahn · 22-01-2022 11:02pm

https://www.boards.ie/discussion/comment/118519051#Comment_118519051

Haven't a clue what that's supposed to mean?

Shao Kahn · 22-01-2022 11:11pm

https://www.boards.ie/discussion/comment/118519112#Comment_118519112

Right... Well, you have yourself a great evening. 🙂

22-01-2022 11:15pm

https://www.boards.ie/discussion/comment/118518731#Comment_118518731

Don’t worry. It’s just a temporary situation. Before you know it, they’ll have finished College and are are earning more than you thought possible in Call Centres!

I know what I’m talking about. I was that soldier. A single mother trying to do her best. Believe me when I say that they’ll find their field. No matter what educational track they pursue. One a PLC, the other a Graduate of a University.

Raising children is a short term job. Believe it or not, it’s only temporary. Once they’re willing to work, the World is their Oyster.

28-01-2022 6:19pm

https://www.boards.ie/discussion/comment/118518562#Comment_118518562

Yep, the quote virtually did that. But I've no choice. There was another alternative, but they got on my nerves by treating my home like it was a full blown COVID site.

28-01-2022 6:29pm

Yep a huge one like the world has never seen.

Manufacturing work is become more and more automated each year.

Jobs in office are becoming more and more automated.

I'll IT You have to be in the top 20% or your fecked as all companies are going to outsource bar the major players.

Housing market is going to crash in the next eight years. Inflation is going to be like nothing we've seen before.

The cost of building materials are going to soar and electronics and food and fuel.

We are fucked

StevenToast · 28-01-2022 9:10pm

The wife made an enquiry about a coffee table a couple of weeks ago and was told 700 euro.....i was disgusted that someone would pay that much for a f*cking thing i would mainly use to put my feet on...

She got back to them again today...its now 1000 euro!!

Theyre taking the piss...."inflation" they said

StevenToast · 30-01-2022 10:04pm

Went into the Longcourt Hotel to pick up a relative today.....

They were turning away aload of people for Sunday Lunch because they were so busy.....

Alot of people are flush these days....

callaway92 · 07-02-2022 12:32pm

https://www.boards.ie/discussion/comment/118556645#Comment_118556645

Flush or careless?

Ginger83 · 07-02-2022 1:07pm

With a bit of saving over the Covid period we've gathered a small sum together, around 3k.

Now we know a lot of people would say spend it on a holiday etc but it's going off the mortgage because this whole "the country is full of money" won't last.

StevenToast · 07-02-2022 1:10pm

Houses prices at Celtic Tiger levels again....

Property porn all over the papers...

Its happening all over again!

Ubbquittious · 07-02-2022 1:13pm

Are people gone mad partying yet? Cocaine everywhere but the party scene hasn't recovered to celtic tiger levels as far as I can tell.

Ubbquittious · 07-02-2022 1:13pm

StevenToast · 08-02-2022 1:52pm

RTE news : Estimated 40,000 vacancies in tourism sector

http://www.rte.ie/news/business/2022/0207/1278419-staff-shortages-could-close-30-of-tourism-businesses/

StevenToast · 08-02-2022 1:54pm

40,000 jobs available....sure why would you work if the Government are handing out free cash to not work?

The Country is full of money...

Ger Roe · 12-02-2022 1:39pm

The country is full of money (apparently), tax take is at record levels, the economy is booming beyond expectation ..... and yet the average worker is feeling more and more pinch. How come none of this feel good economic performance news is actually making very many feel good?

Interest rates are highest in Europe and the banks pay you nothing for any cash you deposit with them. The oft quoted squeezed middle are being choked to death by government policies and their knock on effects.

It is going to end in tears... just like it did on previous occasions. We learn nothing from bitter experience. Shop around everyone ... our overlords say it is the only way to escape from the poverty that they are trying to force us into.

Gant21 · 12-02-2022 1:45pm

https://www.boards.ie/discussion/comment/118599718#Comment_118599718

We need to import cheap labour to fill these vacancies and cheap labour in the construction. We need to build.

Wanderer78 · 12-02-2022 2:13pm

https://www.boards.ie/discussion/comment/118620369#Comment_118620369

funnily enough, we actually need to increase pay and conditions, to encourage people into these sectors, in order to build....

Gant21 · 12-02-2022 2:19pm

https://www.boards.ie/discussion/comment/118620481#Comment_118620481

Minimum wage is good enough.

Wanderer78 · 12-02-2022 2:21pm

https://www.boards.ie/discussion/comment/118620512#Comment_118620512

hahahaha, tis yea, you can easily rent and pay a mortgage on it!

airy fairy · 12-02-2022 2:58pm

People have high expectations of high pay, and an entitlement to keep a standard of living they always had.

When I was saving for a mortgage, I stayed at home, didn't go out often, stopped the luxuries, coffee out, lunches out for work break etc.

I know someone who is trying to save for a deposit for a mortgage with their partner. They said it's impossible to save.....2 x gym memberships, exercise classes, 1 skiing holiday, 2 sun holidays per year, not to mention the random city breaks they take off on, because, after all, they're working hard and deserve it.

Nobody seems to work and sacrifice for something anymore.

Gant21 · 12-02-2022 3:32pm

https://www.boards.ie/discussion/comment/118620715#Comment_118620715

Two new suv on the driveway that are financed and all designer clothes etc and not a pot to p1ss in. All fur coat these days.

zom · 04-03-2022 2:10pm

"Nearly impossible to get a tradesman....and if you do...the quote would give you heart failure..."

"There seems to be slot of money around but who has all the money ? Not many under the age of 50"

Hmmmm....?

zell12 · 09-03-2022 10:02am

€135bn saved up apparently - €27k for every person

https://www.rte.ie/brainstorm/2021/1115/1259992-ireland-bank-deposits-savings-pandemic/

Pussyhands · 09-03-2022 10:19am

The problem is human psychology never changes. When the good times are here, majority think it'll always be the same way.

When we're in a recession, majority think it'll always be the same way.

The country is awash with money. The money being paid for 3 bed semis is insane. Money has no value now. The value of a house doesn't matter to people seemingly. It's an attitude of, sure let's throw another 30k onto the bid to secure the house, 30k spread over the 30 year mortgage isn't much.

I'm not economist but something has to give imo. This is not sustainable.

I'd agree that the government are throwing money out like it's going out of fashion. Why the hell do we still have PUP and wage subsidies when all restrictions are gone?

Wanderer78 · 09-03-2022 10:20am

https://www.boards.ie/discussion/comment/118755390#Comment_118755390

yup, people are scared, so are saving hard, also, not everyone has saved, some have little or no savings and are struggling to survive...

StevenToast · 09-03-2022 10:42am

We have an endless supply of credit seemingly....paying everyones electricity bill, cutting excise on fuel, paying social welfare to ukrainians coming here....

Im not criticising these decisions...just commenting on the overall debt of the Country....

when sinn fein get in.....we will see some money thrown out....to hell with the national debt

Wanderer78 · 09-03-2022 10:53am

https://www.boards.ie/discussion/comment/118755577#Comment_118755577

jesus, would people ever get over this, seriously! debt is the money supply, without debt, we d have no money supply, but the majority of the money supply, globally, has moved into the private domain, hence the significantly higher levels of private debt, this has in turn made our economies and our monetary systems highly unstable, in order to restablise this, we must move back towards more public means of money creation, i.e. public debt, so basically, yes, to hell with the national debt, because the alternative has failed, i.e. primarily credit/debt based economies..

Pussyhands · 09-03-2022 11:27am

https://www.boards.ie/discussion/comment/118755622#Comment_118755622

You said at the end of 2020 we were heading for deflation.

Wanderer78 · 09-03-2022 11:49am

https://www.boards.ie/discussion/comment/118755771#Comment_118755771

yes, but strangely enough, things change! fossil fuel suppliers have decided to restrict supplies, our inflation issues are largely related to the price of energy, this wasnt the case in 2020!

StevenToast · 17-03-2022 10:42am

According to the Irish Red Cross there has been 18,000 pledges for accomodation for Ukrainians....30% are 'vacant properties'....over 5000 empty houses.....

I thought there was a housing crisis....... What housing crisis?

17-03-2022 12:17pm

https://www.boards.ie/discussion/comment/118797197#Comment_118797197

Actually, I think some are Convents that no longer have nuns living in them. This is one. https://tippfm.com/news/religion/sisters-mercy-offer-templemore-convent-ukrainian-refugees/

macvin · 27-03-2022 6:26pm

https://www.boards.ie/discussion/comment/118797197#Comment_118797197

There are empty houses all over the country.

The so-called "homeless" are those who want a 3 bed semi near their mammy with large garden, trampoline and for many, space for a horse or two.

The media and certain politicians from the left, especially sinn fein use and abuse these statistics and do nothing about it. sinn fein have plenty of power up here in NI, but the so-called "homeless" issue permeates society here too with far large figures to the south. Up here we are given the number of "homeless households" . the number is over 3,500. In that 3500 there are almost 4,000 children (under 16). So in terms of people, we here in northern ireland have a "homeless" population of almost 10,000.

And sinn fein don't give a toss

StevenToast · 21-04-2022 10:10pm

Just saw the start of a new season of "Super Garden"...

Beautiful brand new free houses given away in Meath...with a free 15k garden!

https://www.rte.ie/lifestyle/living/2022/0421/1293423-5-budding-designers-take-on-super-garden-2022/

Sure why would you work?

Tow · 21-04-2022 10:22pm

No need to work. There are well over 2000 apartments in 4 developments in the planning stages near me. Most of them are social housing, the next problem will be a lack of schools in the area. 3 schools have closed down in the last ~20 years.

StevenToast · 21-04-2022 10:39pm

https://www.boards.ie/discussion/comment/118958658#Comment_118958658

Get onto RTE and theyll give them free gardens or rooms or some other shìte...

Licence fee going to good homes!

Geuze · 22-04-2022 12:12am

100m is being added to deposit account balances per week.

Xidu · 22-04-2022 12:29am

With almost 0% interest. Still so much money saved. And at the same time inflation is getting worse.

end_101 · 13-07-2022 7:06pm

https://www.boards.ie/discussion/comment/118958658#Comment_118958658

Soon enough people will see it's a losers game to keep working and chasing a diminishing pay check for nothing other than having status, when you can just go on the dole get 50k worth of rental income and benefits while having a family and reaping even more benefits. It's sickening really, but tax payers are never rewarded in this country, only the dregs get everything. The wage gap is getting larger and larger to the point of if you're on over 100k it simply won't be worth the effort much longer.

The Country is full of Money

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