Grim Xmas for some

[watty]

Time to tighten the purse strings...  Could be a quiet Xmas!

Unemployment rate hits highest level since 2021 - CSO

The unemployment rate for 15 to 65-year-olds reached 5.3% in the third quarter of this year, up 0.8 percentage points from 4.5% the same time in 2024.  This is the highest rate recorded since the third quarter of 2021 as Ireland emerged from Covid.

'Alarming' number of people in energy bill arrears - SF

Sinn Féin's Finance Spokesperson Pearse Doherty has said the number of people who have fallen into arrears on their energy bills is "nothing short of alarming".  The Commission for the Regulation of Utilities yesterday published figures that showed close to 300,000 households had some form of arrears on their electricity bills in a three-month period to September.  There were 187,000 customers who were 90 days or more behind on their bills, an increase of 26,000.  The figures showed 180,000 households were also in arrears over the same period, which is 26% of residential customers.

Property prices now 23% higher than peak of boom in 2007

Property prices rose by 7.6% in the 12 months to September, according to the latest figures from the Central Statistics Office.  Prices increased by 5.3% in Dublin and by 9.4% outside the capital.  The median price of a home reached €380,000.

Looks like Pascal Donohue is jumping ship at the right time in his move out of the country to The World Bank.  His predecessor earned €545,000 p.a. and in a nice touch, 'World Bank staff who are not US citizens are typically exempt from paying income tax.'   Nice work if you can get it!

[Octavia1]

Property prices have actually fallen watty .... 1 euro in 2007 was worth bout 2 euro in todays euro value .... ie .... a  fish an chips in beshoffs in 2007 was bout 7.50 euros .... now its 15 ....so if ya doo the maths ..... Houses are actually losing value  ...
 
 I asked Ai war new average car in 07 price was ...it bout 20k ... today its 40k
Wages arnt moving with inflation..... wer all headin to the workhouse an the eu ain't Finsihed yet

Poor cnuts 

[watty]

Prices increased by 5.3% in Dublin and by 9.4% outside the capital.

I'd suggest house prices are still going up.  Maybe not as fast as other stuff but still upwards.

The maths don't make sense to me.  It's supposed to be 2.5 times salary for a mortgage.  On paper, I'd reckon there's almost no-one earning enough for a (median €380k) mortgage so where's the money coming from?  AND you basically need a €50,000 deposit!  Who has the discipline to have that much money in the bank and not spend it?

[Octavia1]

Prices increased by 5.3% in Dublin and by 9.4% outside the capital.

I'd suggest house prices are still going up.  Maybe not as fast as other stuff but still upwards.

The maths don't make sense to me.  It's supposed to be 2.5 times salary for a mortgage.  On paper, I'd reckon there's almost no-one earning enough for a (median €380k) mortgage so where's the money coming from?  AND you basically need a €50,000 deposit!  Who has the discipline to have that much money in the bank and not spend it?

A house baut in 2007 for 500k ..... shud be worth 1 mill now if it was to hold its value .....  if ya take inta account the debasement of the euro ..... Houses now are worth bout 40% -60 % less than they wer in 07 ..... the house i baut in 08 is  now worth bout the same in euros as was paid for it  ..... ie it has lost half its value due to inflation
Know wat I mean ?

[silverbullet]

Prices increased by 5.3% in Dublin and by 9.4% outside the capital.

I'd suggest house prices are still going up.  Maybe not as fast as other stuff but still upwards.

The maths don't make sense to me.  It's supposed to be 2.5 times salary for a mortgage.  On paper, I'd reckon there's almost no-one earning enough for a (median €380k) mortgage so where's the money coming from?  AND you basically need a €50,000 deposit!  Who has the discipline to have that much money in the bank and not spend it?

It also states that Ireland is at full employment. Sure we can't get 8,000 navvies to build a rail link to the airport FFS!

We need a Mussolini NOW!

I propose Octy, do I have a seconder?

[John m]

Big Mursheen O Loughlin in the Revenue said My gaff is worth more that it was before .He said Give us more Property Tax .I said can I offset any work I do on the House to improve its value againts the Property Tax .He said he didnt know he would ask Eileen Shevlin .She Didnt know so they put me on Hold .That was 7 months ago .Crazy situation the more you put into the Gaff to improve it and its value the more they want to charge you .

[silverbullet]

Time to tighten the purse strings...  Could be a quiet Xmas!

Unemployment rate hits highest level since 2021 - CSO

The unemployment rate for 15 to 65-year-olds reached 5.3% in the third quarter of this year, up 0.8 percentage points from 4.5% the same time in 2024.  This is the highest rate recorded since the third quarter of 2021 as Ireland emerged from Covid.

'Alarming' number of people in energy bill arrears - SF

Sinn Féin's Finance Spokesperson Pearse Doherty has said the number of people who have fallen into arrears on their energy bills is "nothing short of alarming".  The Commission for the Regulation of Utilities yesterday published figures that showed close to 300,000 households had some form of arrears on their electricity bills in a three-month period to September.  There were 187,000 customers who were 90 days or more behind on their bills, an increase of 26,000.  The figures showed 180,000 households were also in arrears over the same period, which is 26% of residential customers.

Property prices now 23% higher than peak of boom in 2007

Property prices rose by 7.6% in the 12 months to September, according to the latest figures from the Central Statistics Office.  Prices increased by 5.3% in Dublin and by 9.4% outside the capital.  The median price of a home reached €380,000.

Looks like Pascal Donohue is jumping ship at the right time in his move out of the country to The World Bank.  His predecessor earned €545,000 p.a. and in a nice touch, 'World Bank staff who are not US citizens are typically exempt from paying income tax.'   Nice work if you can get it!

Sinn Féin's Finance Spokesperson Pearse Doherty has said the number of people who have fallen into arrears on their energy bills is "nothing short of alarming".  The Commission for the Regulation of Utilities yesterday published figures that showed close to 300,000 households had some form of arrears on their electricity bills in a three-month period to September.  There were 187,000 customers who were 90 days or more behind on their bills, an increase of 26,000.  The figures showed 180,000 households were also in arrears over the same period, which is 26% of residential customers.
That's Gas!!