Bad Beat/Moaning/Venting - pray for Lazare

[ArmaniJeans]

So rents in Dublin are 1.8% higher than in early 2008. Is that so bad??

Inflation is greater than that over the period so what's with all the whinging?

Someone who first rented in 2010/11/12 will have seen a 25%-33% increase in rents though. Hence they'll 'whinge'.

[Mellor]

october 2013

I'm not sure if I've seen you since then. I'm gonna says no, and plead ignorance.
Congrats

[Raoul Duke III]

Someone who first rented in 2010/11/12 will have seen a 25%-33% increase in rents though. Hence they'll 'whinge'.

and they will see the promised land of owner-occupancy slipping further away from them as house prices accelerate out of their reach, even if they could put the deposit together - which they can't

not sure that V appreciates the suffering of the Common Man

[Trippie]

I'm not sure if I've seen you since then. I'm gonna says no, and plead ignorance.
Congrats

no, only rag2gar and jbravado have met her. I was back in dublin feb 2013 and a little bit around sept last yearand January this year. Friend of my missus helping me get my foot in the door of the rabbitohs so might be moving to sydney next year if I don't get another contract here.

[Strewelpeter]

Hour 8 in the A&E.

Nothing serious I hope?

[Solskjaer]

Have this vision of retiring and announcing to the kids that the house is sold, the pension funds cashed in and I'm off to Vegas.

Have this vision of you in a nursing home with V4V playing dominos with props and reminising about the late GAB who was murdered by an angry mob for deliberate horsey misinformation as StrewelP plays Harp on a angry cloud.

[Raoul Duke III]

Have this vision of you in a nursing home with V4V playing dominos with props and reminising about the late GAB who was murdered by an angry mob for deliberate horsey misinformation as StrewelP plays Harp on a angry cloud.

One of these is quite likely although I suspect sp will outlive us all

[Mellor]

no, only rag2gar and jbravado have met her. I was back in dublin feb 2013 and a little bit around sept last yearand January this year. Friend of my missus helping me get my foot in the door of the rabbitohs so might be moving to sydney next year if I don't get another contract here.

The bunnies aren't too far from me. Probably slightly more towards rooster territory.
Although I don't follow either.

[AndyFatBastard]

So rents in Dublin are 1.8% higher than in early 2008. Is that so bad??

Inflation is greater than that over the period so what's with all the whinging?

I think it's because the people who bought are being treated with kid gloves and very little has been done for renters.

Yes? The unemployment rate is higher, wages are lower, etc etc. Also the rate of increase has been dramatic. It's a huge problem for people at the lower income levels, which is causing so much homelessness.

Never mind that we're heading for a second bubble if things continue as they are.

[V for Vendetta]

you don't have as much disposable income as in 2008 - that tax thing, you know with the USC and all that

the real whinging seems to be the cut to rent allowance (-28% in that period), private renters seem to be treated as lower orders by the powers that be

Yeah I guess at that end of the market things have gotten harder. But basically that's people bleating about what are effectively work activation measures. Cutting benefits (including rent allowance) is a work activation measure.

The only people with real cause for complaint to my mind are those who can't work who are caught by this blunt instrument of a social welfare system I guess. Hopefully Leo gets a chance to reshape the targeting of our social welfare spend to achieve something more targeted for those in need and a f**k off to those who are sponging.

Someone who first rented in 2010/11/12 will have seen a 25%-33% increase in rents though. Hence they'll 'whinge'.

Meh. 20 years renting at this stage. Swings and roundabouts innit.

and they will see the promised land of owner-occupancy slipping further away from them as house prices accelerate out of their reach, even if they could put the deposit together - which they can't

not sure that V appreciates the suffering of the Common Man

Ah it's this whole abdication of personal responsibility that I just don't like. If you're unhappy with some element of your life than take action and resolve it. I've shared flats & houses, lived in dank basement flats and lived in nicer places as my income allowed. I never once thought - someone should give me a nice place to live for below market rates. I take pride in what I went through and it's been a fun journey. Sharing a room in a damp flat on Wellington road was a particular highlight.

It's this socialist nanny state crap being spouted by the mainstream folk that gets my goat.

If you're disabled, old or mentally incapable I do think the State should have a role in looking after you but the rest of us need to meet our own life challenges.

Managing to secure a home, raise your kids well and look after all of your life dependents is a great achievement and rather than seeking that the State to do it for you, do it yourself and take great pride in your achievement.

Anyway 40 years time we'll have the robots doing all the work and we'll be living in big box apartments on a living wage so this debate will be meaningless... or else we'll be surviving in a post apocalypse world on beans and rice...

[Keane]

You don't have to be abdicating your personal responsibility to realise that you're part of a generation that's being fucked over massively because of the mistakes of the previous one.

[V for Vendetta]

Yes? The unemployment rate is higher, wages are lower, etc etc. Also the rate of increase has been dramatic. It's a huge problem for people at the lower income levels, which is causing so much homelessness.

Never mind that we're heading for a second bubble if things continue as they are.

Some good stats here. On average earnings aren't too far off from where they were in 2008 the key issue is taxes are higher but people voted against tax cut isn't that what the media are telling us.

As for a second property bubble we're already in one. The first one wasn't allowed to fully deflate (in order to avoid social unrest) and a lack of easy investment alternatives has lead people to jump back in to property albeit at a much lower level of total market transactions.

The flexibility of renting finally has an explicit cost as the cost of renting has risen but for years we were underpaying for that flexibility. I did a post on this years ago. Twas hilarious how much landlords were underwriting renters lifestyle at one stage.

[Raoul Duke III]

You don't have to be abdicating your personal responsibility to realise that you're part of a generation that's being fucked over massively because of the mistakes of the previous one.

it's the people who took out mortgages in 2000-2007 that got truly fucked

at least your generation couldn't afford to take on unsustainable debt on overpriced assets

quite moaning youngster - us 35-45 y/o's are claiming the monopoly on inter-generational rapage

[Raoul Duke III]

As for a second property bubble we're already in one. .

Bollox.

there is no suggestion of a credit bubble here - if cash buyers go wallop, who gives a fuck?

[Raoul Duke III]

we should all rise up and murder the 50-70 y/o's (or at least cut their pensions and fuck them out of their nice big comfy homes)

'twas them wot dunnit

[Strewelpeter]

You don't have to be abdicating your personal responsibility to realise that you're part of a generation that's being fucked over massively because of the mistakes of the previous one.

That has been the experience of every generation, everywhere, since whenever.

[V for Vendetta]

You don't have to be abdicating your personal responsibility to realise that you're part of a generation that's being fucked over massively because of the mistakes of the previous one.

Meh. You got a decent education, very little student debt, access to a large employment market and loads of opportunities. So it's not being handed to you on a plate and taxes are too high but you're not exactly fucked either.

You could be in Greece for example, or Detroit...

[Strewelpeter]

One of these is quite likely although I suspect sp will outlive us all

Wouldn't be all that keen on that prospect. For most people these days outliving everyone around them is a punishment rather than a reward.
Growing old is only something for those who are both very healthy and wealthy.

[Keane]

Meh. You got a decent education, very little student debt, access to a large employment market and loads of opportunities. So it's not being handed to you on a plate and taxes are too high but you're not exactly fucked either.

You could be in Greece for example, or Detroit...

Or in a hotel in Dublin. I know I'm alright Jack.

[V for Vendetta]

Bollox.

there is no suggestion of a credit bubble here - if cash buyers go wallop, who gives a fuck?

Doesn't have to be a credit bubble. Are residential properties overpriced is the question. In particular the Dublin market.

As for anyone giving a fuck about any individual losing monies I certainly never suggested that...

[Emmet]

Doesn't have to be a credit bubble. Are residential properties overpriced is the question. In particular the Dublin market.

As for anyone giving a fuck about any individual losing monies I certainly never suggested that...

Are they?

[Raoul Duke III]

Doesn't have to be a credit bubble. Are residential properties overpriced is the question. In particular the Dublin market.

As for anyone giving a fuck about any individual losing monies I certainly never suggested that...

it does have to be a credit bubble - creditless bubbles are not to hurt us

[Raoul Duke III]

V obviously looking to buy a six-bed in the leafier parts of SoCoDo

[V for Vendetta]

Are they?

V obviously looking to buy a six-bed in the leafier parts of SoCoDo

From my occasional perusal of the market the 500k - 900k market seems to have fallen. The >€1m+ market has risen and continues to rise and the <500k market is pretty stable/flat. The commuter belt for ~350-400k has rocketed. It's a very tricky market to call but I do think going in at the more expensive end looks dangerous.

I think the commuter belt stuff is silly at this stage. And the sub <500k market in Dublin is poor value.

Personally, I think ~600k will get me plenty of house without going over the top and putting my balls in a sling.

[V for Vendetta]

it does have to be a credit bubble - creditless bubbles are not to hurt us

I guess I'm speaking through my own pocket! My plan is to buy and hold for 20 years and then sell and rent or downsize for the rest of my life.

[V for Vendetta]

we should all rise up and murder the 50-70 y/o's (or at least cut their pensions and fuck them out of their nice big comfy homes)

'twas them wot dunnit

Well that's a certainty, which will then force them to downsize...

[Guest]

we should all rise up and murder the 50-70 y/o's (or at least cut their pensions and fuck them out of their nice big comfy homes)

'twas them wot dunnit

Remember reading about something like this happening during African failed state genocide #xxxz (can't remember which country). They found a lot of the killings were carried out by the younger generation freeing up their inheritance early.

[Guest]

Lots of let them eat cake I'm alright jack merchants on here. I'm alright myself ATM but you'd have to be fucking blind not to look around and see people struggling who would have been cruising in similar life circumstances if they had won the lotto of being born in the 50's or 60's

[Jibzzzz]

Double France to win the euros with Argentina to win the copa now or risk being paid less or nothing at all.

France yes.

Double them with Speith this weekend who is 10/1

HB AFB m8.

[Jibzzzz]

Dobbo whens the match?

Anyone offering odds on Dobbo FGS or AT? Full faith in him.

[dobby]

Dobbo whens the match?

Anyone offering odds on Dobbo FGS or AT? Full faith in him.

Friday night. 7.15. Kilbrean Park, Killarney. I've got three goals in the three games I've started up front. Spent most of the season out of position on the wing and I hate it. Should be good for AT, not sure about FGS

[Jibzzzz]

Friday night. 7.15. Kilbrean Park, Killarney. I've got three goals in the three games I've started up front. Spent most of the season out of position on the wing and I hate it. Should be good for AT, not sure about FGS

Good luck m8.

I for one enjoy reading your match reports and am slightly jealous.

Went back last season after 7 years off and done the Quad and Hamstring. This season done ankle ligaments second game of the season. Never suffered any injuries underage and now I'm made of plastic.

[Raoul Duke III]

Personally, I think ~600k will get me plenty of house without going over the top and putting my balls in a sling.

think you should keep renting in Dublin and buy this instead

Ideal summer retreat for the HHE imo. I want to holiday on a similar place before kids get too old.

[dobby]

Good luck m8.

I for one enjoy reading your match reports and am slightly jealous.

Went back last season after 7 years off and done the Quad and Hamstring. This season done ankle ligaments second game of the season. Never suffered any injuries underage and now I'm made of plastic.

Yeah I've missed 6/7 games with injuries this season. All part of getting older I guess. Never had any problems before either.

[Denny Crane]

http://www.irishexaminer.com/viewpoints/columnists/fergus-finlay/enda-kenny-belongs-high-on-list-of-greatest-irish-taoisigh-398520.html

+1

[Mellor]

That price on request bullshit could be anything.

It's more of a straight shooting approach in
Ireland.

The island is being sold “as is” and does not feature a house, building, structure, or ruins. Electricity could be provided via solar panels or a wind-turbine.

You just know he had "...I suppose." at the end in the first draft.

[eoghan104]

Anyone want to buy a one plus two phone? Haven't had it long and its good as new!

If you are a techie you will love it.... if you are an idiot like me you won't.

Have it up for €330 but will take €300 from someone here who really wants one.

Also offering 9/2 Dobby FGS and 6/4 AGS!!!

[Wombatman]

Offered this bet by a mate and I can pick. Where should my money go?

10 euro Terry to appear in full Chelsea gear for the lap of honour/farewell wave. Must be shirt/nicks/socks. 10 euro bonus if shin pads are on as well.
Other person wins if suit or tracksuit is worn.

[Guest]

think you should keep renting in Dublin and buy this instead

Ideal summer retreat for the HHE imo. I want to holiday on a similar place before kids get too old.

Mosquito hell. In fact hell doesn't come close to describing how bad it is on those islands.

[Ed]

Mosquito hell. In fact hell doesn't come close to describing how bad it is on those islands.

Is Stockholm itself bad for mosquitoes? Heading there at the end of July

[Guest]

Is Stockholm itself bad for mosquitoes? Heading there at the end of July

City is grand as far as I remember. Been there a good bit and summer and don't recall any problems.

[dobby]

Offered this bet by a mate and I can pick. Where should my money go?

10 euro Terry to appear in full Chelsea gear for the lap of honour/farewell wave. Must be shirt/nicks/socks. 10 euro bonus if shin pads are on as well.
Other person wins if suit or tracksuit is worn.

Full kit wanker obv

[V for Vendetta]

Lots of let them eat cake I'm alright jack merchants on here. I'm alright myself ATM but you'd have to be fucking blind not to look around and see people struggling who would have been cruising in similar life circumstances if they had won the lotto of being born in the 50's or 60's

Yeah but the 80's in Ireland were fucking grim too. I'd rather 2016 than 1986 personally in my mid 30's.

[Guest]

Any golfers fancy a game in St Margaret's at 9:48 am tomorrow?

[Theresa]

You don't have to be abdicating your personal responsibility to realise that you're part of a generation that's being fucked over massively because of the mistakes of the previous one.

Meh. You got a decent education, very little student debt, access to a large employment market and loads of opportunities. So it's not being handed to you on a plate and taxes are too high but you're not exactly fucked either.

You could be in Greece for example, or Detroit...

I don't disagree that our generation is paying for anothers fuck ups....

I do agree that we have it a lot better than our "competitors", I think the fact we can get to third level and in most cases 4th level education without any real saddling of huge amounts of student debt is a massive advantage for us. Most other western countries don't afford their young people that benefit.

I have friends here that are basically anchored to the city while they pay off that debt and by the time its gone, the roots have been set and the opportunity to get out and see other places is gone.

Come over here Keane, we could do with a few other good skins around.

[DeadParrot]

That has been the experience of every generation, everywhere, since whenever.

absolute complete bolloxology.
And you are old enough to have seen a few of them

[Dice75]

Hour 8 in the A&E.
Met the conrad hotels sole permanent resident and made the realisation A&E is an old folks home midweek

Nothing serious I hope?

Annual fake injury to be on crutches so as not to have to go to the bar on Friday

Hope its nothing serious!

[DeadParrot]

Personally, I think ~600k will get me plenty of house without going over the top and putting my balls in a sling.

[DeadParrot]

Annual fake injury to be on crutches so as not to have to go to the bar on Friday

Hope its nothing serious!

apparently csection+antibiotics+paracetamol = funky liver.
All good in the end but I never want to go through that again.

[SatNav]

Anyone want to buy a one plus two phone? Haven't had it long and its good as new!

If you are a techie you will love it.... if you are an idiot like me you won't.

Have it up for €330 but will take €300 from someone here who really wants one.

Also offering 9/2 Dobby FGS and 6/4 AGS!!!

Anyone wanna buy the nexus 6p with armoured case. Few months old spotless. Fucking hate it

[dobby]

Anyone wanna buy the nexus 6p with armoured case. Few months old spotless. Fucking hate it

I thought you quoted that to take some of the 6/4 AGS he was offering. Decent value that.

[RichieM]

Personally, I think ~600k will get me plenty of house without going over the top and putting my balls in a sling.

V failing to recognise that the average salary is about €50k in Dublin not what is the income into his house if he is getting a 600k mortgage without really stretching himself. I am pretty sure we can all do the maths on this one.

€50k gets you about €175k which when you add in your deposit you are shopping with 200k which basically gets you a shoe box 1 bed in a decent area or a tiny house miles from the city in an area that is due to be gentrified.

You are basically not going to be able to raise kids in either tho and it is a bad situation whereby the average earnings in Dublin by you a childless existence or a 1.5 hour commute. Failing to see this is incredibly narrow minded.

People may have opinions on single parent families or single income families but the reality is that if you have 2 kids and both parents earn 50k then one is staying at home as childcare will eat their salary anyway.

To say it is no worse then before is not true - up until 2000's earning the average in your area allowed you to buy a house in your area.

[Lplated]

absolute complete bolloxology.
And you are old enough to have seen a few of them

Disagree with you there (with slightly less generations than Sp to my name) - my experience is that any given 'new' generation blames the one/s before it for the ills of society and credits itself with any progress/positives.

In a not dissimilar way to which older generations look at younger generations and bemoan the lessening standard of english, lowering in moral standards etc etc..

[Keane]

Did the generation before ye manage anything along these lines or....?

[V for Vendetta]

V failing to recognise that the average salary is about €50k in Dublin not what is the income into his house if he is getting a 600k mortgage without really stretching himself. I am pretty sure we can all do the maths on this one.

€50k gets you about €175k which when you add in your deposit you are shopping with 200k which basically gets you a shoe box 1 bed in a decent area or a tiny house miles from the city in an area that is due to be gentrified.

You are basically not going to be able to raise kids in either tho and it is a bad situation whereby the average earnings in Dublin by you a childless existence or a 1.5 hour commute. Failing to see this is incredibly narrow minded.

People may have opinions on single parent families or single income families but the reality is that if you have 2 kids and both parents earn 50k then one is staying at home as childcare will eat their salary anyway.

To say it is no worse then before is not true - up until 2000's earning the average in your area allowed you to buy a house in your area.

That's why I think residential property in Dublin is overpriced and if I couldn't afford to buy a comfortable family home I would continue to rent 100%

My point was about renting though which is not much worse than before.

[Denny Crane]

I always mean to write a thank you note to TK Whitaker for his work. Owe him a great deal. Must do that while I still can.

[AndyFatBastard]

Disagree with you there (with slightly less generations than Sp to my name) - my experience is that any given 'new' generation blames the one/s before it for the ills of society and credits itself with any progress/positives.

In a not dissimilar way to which older generations look at younger generations and bemoan the lessening standard of english, lowering in moral standards etc etc..

Sure, every generation blames the one before for their problems. This is the first generation in a long, long time that are empirically correct to do so.

[eamonhonda]

It would be quite difficult for a single person making a half decent wage in Dublin to rent a place for themselves. There has to be something wrong with that.
People are still obliged to share pretty much.

[Denny Crane]

[IMG]
Did the generation before ye manage anything along these lines or....?

This amazes me, where's all these loots?

[Keane]

This amazes me, where's all these loots?

I'm obv far from an expert but a lot of punditry I've read is suggesting that a minority of people did extremely well from the crash, maybe that's skewing the numbers somewhat.

Also, the fact that none of us have a hope in hell of getting a mortgage is obviously going to modify the savings:debts ratio.

These stats are all pretty pointless for the sake of the rant I'm unless they're broken down by age.