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Is the Celtic tiger back?

(6 Posts)
JustHope Tue 28-Nov-17 08:49:10

I am noticing that people’s attitude towards money and spending recently is back to just like it was pre financial crisis. Recently conversations have moved back to spa weekends and new cars. House prices are up, rents are sky high. Is the tiger back?

MarDhea Tue 28-Nov-17 17:55:47

Haven't people been on about the Celtic Phoenix for a couple of years now? grin

There does seem to be more money around but only in some parts of the country. I don't think there's a real economic shift just yet though maybe things are getting incrementally better.

Celtic Snail?

GeorgieBoy95 Tue 28-Nov-17 18:43:30

Things are definitely on the up... Rent is sky high and there are bidding wars.. Lots of jobs being advertised now too. Just a few years ago there was absolutely no jobs for college students- that's completely changed..

MarDhea Tue 28-Nov-17 19:41:00

It's still incremental but that's not a bad thing. Unemployment is going steadily down. GDP is going steadily up.

Sure, house prices and rents are jumping up but they're both volatile and not a good economic indicator by themselves. When wages aren't keeping pace ((and they're not) and banks aren't giving out stupidly large mortgages (which they're not keen to do), then the the rate of property price Increase is not sustainable.

But that's a good thing. Slow steady growth is what we want. It's stable. Booms tend to be driven by a single factor and that's why they're so unstable and tend to crash.

Things are getting better, just not booming. Good! grin

honeyrider Tue 28-Nov-17 22:16:21

Only in places like Dublin, things aren't great in a lot of places.

hollyisalovelyname Sat 02-Dec-17 09:48:26

Not in our house sad

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