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Thread: How the Celtic tiger lost its roar

  1. #21
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    Quote Originally Posted by Irishguy1989 View Post
    I can see where your coming from saying this, but I think it has to be said, the majority of these people are producing quality products, many certified for 10 years by Homebond and other organisations. I too have worked on many buidling sites during the past few years and have never witnessed what your claiming.

    Before you say anything, I'm not a builder, but I take my hat off to these guys. Many of them came from nothing and excluding maybe 2005-07 there was still major risks involved in financing building, these guys saw an opportunity and put their money where their mouth is.

    The way I see it is that the problems at present can be attributed to legislation and Government involvement.
    I’m not saying it was done countrywide and systematically. I’m just saying what I saw with my own eyes. In any large new housing estate there might be any number of individual contractors working on a set number of house’s so the quality of two houses right next to each other could be completely different depending on the standards of each builder. My boss was particular in what he did as were most but there was always the one who was not and just chancing his arm. The sourcing of material was also down to each individual builder so quality of materials also varied from one house to the next as everyone squeezed what profit they could and some squeezed harder then others. I saw plenty of supposed quality control fellas turn up and never do a thing about anything but just went and inspected the good ones and walked past the bad ones.

    The type of shortcuts I’m talking about are invisible as it was mainly the use of cheaper and weaker blocks which is impossible to tell just by looking at them. You can only tell them apart by hitting them with a hammer as they break much easier then the more expensive ones. They are called seconds and are called that for a reason as only supposed to be used in lower walls like garden walls but the practice of using them in houses does go on as there is more profit to made as he charges for the dearer ones but buys the cheaper. Once the house it plastered no one will ever know the difference unless a really bad builder pushed his luck a little to far and used to many of them in the construction and this will show over decades rather then years long after a ten year guarantee has expired.

    I’m not saying its widespread. I just know it happens as I out of curiosity often gave a tap of a hammer to the blocks of a neighboring builder and I know they were inferior blocks and therefore an inferior house but still a hugely expensive house.

    Like the funny report btw, and can well believe it happened.

  2. #22
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    Default All Doom & Gloom!

    Its annoying all the same watching these slimey parasite bankers feeding off each other giving out money that couldn't be paid back giving loans & bonuses to themselves & their cronies entirely motivated by Greed, now the taxpayer picks up the pieces dont make sense, what about the sneary face of that Fingleton fella the other day dyed beard & hat it was like a scene from a mafia movie all of them should face justice though cant see many being jailed

  3. #23

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    Quote Originally Posted by luther View Post
    I think you'll find that was our money........

    Or at least we're the ones making the repayments now..........
    The banks over-lent at the peak of the market, many banks knew the market was at its peak. This is why many of the banks sold their offices and agreed lease back deals during this period, the most high profile being the AIB headquarters in Ballsbridge.

    As it was explained in one of the papers a while ago, it only takes one rogue lender (Anglo Irish) to start lending recklessly, this pushes other banks to follow suit in order to keep hold of their market percentage.

  4. #24
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    Quote Originally Posted by Irishguy1989 View Post

    As it was explained in one of the papers a while ago, it only takes one rogue lender (Anglo Irish) to start lending recklessly, this pushes other banks to follow suit in order to keep hold of their market percentage.


    You are correct here, however, it is the job of the financial regulator to control these "rogue lenders" and it was the stupidity of the others that followed suit that got us here....

    I personally lay a lot of the blame at the feet if the financial regulator.......
    "It's far easier to fight for principles than to live up to them."
    L

  5. #25

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    Thats what I was trying to say at the end of my first post, I'd lay the blame with the Government, its a joke the same people are there.

    Don't know who I'd vote to replace them. I think Richard Burton might make a decent Finance Minister, he talks common sense.

  6. #26
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    Quote Originally Posted by Irishguy1989 View Post
    Thats what I was trying to say at the end of my first post, I'd lay the blame with the Government, its a joke the same people are there.

    Don't know who I'd vote to replace them. I think Richard Burton might make a decent Finance Minister, he talks common sense.
    You might have a bit of bother getting him up of a Monday morning Irishguy, think he’s dead, maybe Richard Bruton might be a runner though.

    Your not hung over from the Monday round of golf are you? You know how hard it is getting them feckers outa bed...

  7. #27
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    Default Richard Burton?

    Quote Originally Posted by Irishguy1989 View Post
    Thats what I was trying to say at the end of my first post, I'd lay the blame with the Government, its a joke the same people are there.

    Don't know who I'd vote to replace them. I think Richard Burton might make a decent Finance Minister, he talks common sense.
    And maybe Elizabeth Taylor for Taoiseach? KNOW EACH OTHER WELL

  8. #28

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    Quote Originally Posted by Quarterpoundher View Post
    You might have a bit of bother getting him up of a Monday morning Irishguy, think he’s dead, maybe Richard Bruton might be a runner though.

    Your not hung over from the Monday round of golf are you? You know how hard it is getting them feckers outa bed...
    Sorry the weather was so good today I had to play golf. Stopped off for an ice-cream on the way

  9. #29
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    Quote Originally Posted by Irishguy1989 View Post
    Sorry the weather was so good today I had to play golf. Stopped off for an ice-cream on the way
    That’s all well and good but when’s my flippin patio gonna be finished Tiger Woods?

    Have a listen to this, don’t wanna worry ye but I think the lads across the road at IIE are planning something big…

    YouTube - War Of the Worlds - The Eve Of The War

  10. Default

    Its a question I have been wanting to know. How has the recession been affecting the escorts?
    It seems there are still loads advertising, but i assume most guys have kept thier belts belts firmly on or tightened them like i have.

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