Irish Nightmare - Our Lives Before & Now !!

Harry700

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Jul 11, 2010
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347
How are you doing now compared to 3 years ago in terms of net assets, house value, employment, general happiness & anything else. Shall kick off with my own experience:

1 New Assets: Down 70% compared to 3 years ago - the biggest hit was holding shares in Irish Banks !!!

2 Home Value: The value of our home has dropped 55% in 3 years - the only saving grace was not having a big mortgage !

3 Employment: I own a small private company - my net income from business is down 60% plus I have had to let a third of the workers go ! Would definitely have gone bust if not extremely prudent re borrowings & expansion.

4 General Happiness: Taken a big hit & extremely angry the way we have been treated by politicians. Happiness gauge was about 80% 3 years ago - now 35% !! (Unsure what % constitutes depression !!!).

5 Anything Else: Have become much more compassionate & considerate. Surprisingly have given more to charity this year than ever before.

Look forward to hear how you guys are coping re 1 - 5 above.

Harry
 
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meriwether

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Dec 1, 2004
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12,539
Assets: I have none.
Home Value: I don't have a mortgage.
Employment. Wages have gone up in small increments overall since I started work 3 years ago (a promotion mitigated a previous paycut).
Happiness: The same.
Anything else: Arsenal continue to enrage me.
 

Verhofstadt

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I'm in another basket case of an economy (Belgium) however we are helped by the geography, it is extremely easy to sell your wares (be they products or services) in Lux, Holland, France or Germany or even further a field.. work is harder to find and we are spreading further to keep the same revenues (last week two of us went to a steel plant in the arse of the Ukraine for 3 days work.. previously we'd have flicked to a more local associate but not now). Additionallywe avoided the worst excesses of the property boom.


Assets: Flatlining.. no growth, no loss.. happy enough with that considering the swings and roundabouts along the way.
Home Value: Up approx 20% over the last 3 years. (small 3 bed house bought for €210k in 2003 now worth approx €325k .. but I'm in a exceptional hot spot by Belgian standards.. fueled by a high demand for eurocrats to live in this area)
Employment: Up approx 15% + bigger car than before
Happiness: No happier.. bit more worried than before to be honest
Anything else: the health of those nearest to you is a precious commodity that you cannot put a price on, cherish it while you can... it can be gone in a blink of an eye.
 

Harry700

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Jul 11, 2010
Messages
347
Great to see someone prospering !!

Also, you are spot on about health - mental/physical.

Harry

I'm in another basket case of an economy (Belgium) however we are helped by the geography, it is extremely easy to sell your wares (be they products or services) in Lux, Holland, France or Germany or even further a field.. work is harder to find and we are spreading further to keep the same revenues (last week two of us went to a steel plant in the arse of the Ukraine for 3 days work.. previously we'd have flicked to a more local associate but not now). Additionallywe avoided the worst excesses of the property boom.


Assets: Flatlining.. no growth, no loss.. happy enough with that considering the swings and roundabouts along the way.
Home Value: Up approx 20% over the last 3 years. (small 3 bed house bought for €210k in 2003 now worth approx €325k .. but I'm in a exceptional hot spot by Belgian standards.. fueled by a high demand for eurocrats to live in this area)
Employment: Up approx 15% + bigger car than before
Happiness: No happier.. bit more worried than before to be honest
Anything else: the health of those nearest to you is a precious commodity that you cannot put a price on, cherish it while you can... it can be gone in a blink of an eye.
 
H

Humbert

I've just had the poorest Summer I think I ever had - out of work, bills, bills, bills - living hand to mouth, beating off the sheriff, banks, utilities etc. And I've never been happier - and that's the honest truth. Been our out walking the hills, reading This 'hell on earth' nonsense I simply do not see around me - people who used to shop in Tesco now shop in Lidl, everyone's watching the pennies and as far as I can see incomes generally are down by around 30 per cent. People are struggling but a sense of reality has returned and a sense of what is important - family, friends etc All very trite but that's the way it looks. Less social pressure for bling and people are getting on with it.
 

TheDystopian

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Joined
Jun 10, 2010
Messages
8
Assets: Don't have any.
Home Value: Currently renting. As long as rents don't increase, I should be OK.
Employment: Just got a contract renewal, but am facing a pay cut in the budget.
Happiness: About the same.
Anything else: My parents are still farming, but are keeping their heads above water. Many friends struggling to get work. My situation isn't ideal, but I consider myself very lucky at the moment.
 

NunoF

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Aug 26, 2010
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479
Assets: Not much at the moment. I spent a lot of money moving back to my home country last December, remodeling my house and buying new furniture, only to decide to come back to Ireland last September. I have a new car though, and plan on sticking to it until I buy an electric.

Home Value: Roughly the same as previous years. It's in Portugal so no big price drops. On the other hand it didn't go up by that much either. I always rented in Ireland but may consider buying next year, if I stay here.

Employment: All good. The company I worked for in Ireland since 2006 asked me if I wanted my job back and I accepted. Provided the company doesn't go into trouble I should be fine. Been on a pay freeze since 2008 though, which means the tax increases and levies all have been eating away at my disposable income.

Happiness: A bit concerned about the future of Ireland. I am specially concerned about the rise of the left political parties, as I experienced the effects of Socialism in the last 15 years in Portugal and will not go trough that again. Regardless of that for the moment I'm comfortable.
 
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Ulster-Lad

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Oct 26, 2006
Messages
9,989
Irish people should have the humility to remember they have been through tough times before, a Government minister suggested today.
"If we do go back to revenue and expenditure of around the 2005 or 2006 mark, let's not forget we weren't a poor country four or five years ago," he said.
If this gives us the confidence to know that where we're going isn't Armageddon, but is something that we lived with before, and if we have the humility to remember that we've come from situations like this before, I think it will give people confidence that this Government has an idea of the path to recovery for the country."
Ireland not headed for Armageddon says minister - National News, Frontpage - Independent.ie

Minister Andrews' thoughts on the matter.
 

Harry700

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Jul 11, 2010
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347
Well, it certainly appears that everyone is doing just great at present !

Harry
 

Super8

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Oct 10, 2010
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712
Assets: Value of share in my business probably down 70%.
Home Value: Only looking to buy now if I can get a mortgage.
Happiness: Personal happiness is about the same – Wasn't living a bling life anyway and money doesn't mean happiness for me.
Anything else: I fear for vulnerable people. Greedy financiers will not care a toss about them. They only see people as a market place.
 
H

Humbert

Well, it certainly appears that everyone is doing just great at present !

Harry
So why all the fecking whinging and doom-mongering? We had a boom (everyone knew what it was) and this is the entirely predictable and to some extent, necessary bust - unless we were to cover the entire country in concrete. We are left with a bill for our own foolishness of around 5Bn a year which is not bad, considering and hopefully this lesson will make us less tolerant of mediocrity in public life. I can't think of any other way Irish people could have learned that one.
 
H

Humbert

My friend, people are objectively stating the facts of life.

Harry
I disagree - people are taking as if the sky has already fallen in and are reacting to imaginary future scenarios where we and our children are worked like galley slaves and hunted for food. Do you not think there's a fair bit of hysteria about the whole thing? Its something we have to do - all the huffing and puffing is deeply dishonest I think.
 

Harry700

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Jul 11, 2010
Messages
347
These are exclusively your words !!!

PLEASE calm down

I disagree - people are taking as if the sky has already fallen in and are reacting to imaginary future scenarios where we and our children are worked like galley slaves and hunted for food. Do you not think there's a fair bit of hysteria about the whole thing? Its something we have to do - all the huffing and puffing is deeply dishonest I think.
 


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