Recession me hole

Current Affairs
41

Good point mate. I did the same, 3 moves and a nice bump each time.

42

Winner

43

Yes I am. It’s an investment. I will be warm for years. I could have invested in a flat in Bulgaria or a property in Belize. At least I know what I’m getting.

1 Like
44

Funny thing is, I got laid off last year. Was out of work for 3 months. Earning 10k more now

3 Likes
45

€10k more than when you were on the dole?

46

Nope

47

I see the old Anglo building is getting glassed up now. Won’t be long before it’s finished.

Also spoke with a mortgage broker today who said that banks are worried they won’t be able to sell enough mortgages this year

48

Im on a tracker. Wont be looking for another one.

49

We’re bollixed so.

50

What are lads economic predictions for the next five years ? Could we get off better than expected? There hasn’t been much chat about the economic fall out yet.

51

Could be better. Could be worse. 🤷

52

I’d be fairly certain that investments can go up as well as down

53

I predict a state of flux.

54

Be grand

1 Like
55

At the beginning of the Celtic Tiger era the big fad was decking, lads couldn’t get enough of the dirty, high-maintenace, vermin nesting traps.
Stone walls will be the future, Bridie and Nuala will see a few tidy jobs and they’ll become a “must have” to finish off the modern pad. On top of the walls, water features and stone built BBQ’s will become more sought after than big dirty Jeeps.
They may be living on bread and Spam but Fukkit, we have the real stone features.

56

Blame that on the yummy mummy’s and their fawning over the likes interior decorator nags at the hairdresser, doc/ dentist

57

We are in for at least a year of deflation as the demand that has collapsed in the past few months is not going to come roaring back. The big danger after that is high inflation due to all the money printing and borrowing going on.

2 Likes
58

What’s the story with mortgages in the event of hyper inflation? The banks surely have something built in in the small print.

59

The only weapon to fight hyper inflation is higher interest rates, possibly much higher like the 1970s, emphasizing the importance of locking in fixed rates while interest rates are low. The flipside for home owners is that tangible assets should appreciate a lot as people flee cash.

60

The principal becomes worthless so inflation eats your debt. Although it would be least of your worries.