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 Post subject: Re: On a teachers wage, I may never be able to afford a mort
PostPosted: Mon Mar 14, 2016 3:03 pm 
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Real Estate Developer

Joined: Jun 10, 2010
Posts: 889
Daniel Plainview wrote:
ps200306 wrote:
Daniel Plainview wrote:
Don't be a fool. Nobody thinks the banks getting out of control to the point that they did ... was, as you hilariously put it "a prime example of the system working fine".

I've no iron in this fire, but to be fair to the poster, you're egregiously misquoting him.


conork wrote:
Actually, the banks going bust was a prime example of the system working fine.


disagree -- you can't separate the banks going bust from what they did to make themselves go bust, they're one and the same thing;
the banks should never have been allowed to become the reckless mess that they were in the size that they were -- and they're an example of why Randian free market, anti regulation, nonsense like this should be shouted down at every opportunity.



Lol, you are an absolute fruitcake.
Capitalism, true capitalism, flushes out the shite and allows well run businesses to flourish.
The running of the business and how it goes bust is another story.

The system worked beautifully. The problem is intervention/socialism.

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 Post subject: Re: On a teachers wage, I may never be able to afford a mort
PostPosted: Mon Mar 14, 2016 4:24 pm 
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Under CAB Investigation

Joined: Dec 2, 2013
Posts: 2765
conork wrote:
Capitalism, true capitalism, flushes out the shite and allows well run businesses to flourish.
The running of the business and how it goes bust is another story.

The system worked beautifully. The problem is intervention/socialism.


But wasn't the lobbying for and ultimate abolition of Glass Steagall part of the system too. Did the system work beautifully on that decision.

Is the fact that there's no transparency on derivatives trading part of the system? Are Derivatives Traders secret interventionist socialists


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 Post subject: Re: On a teachers wage, I may never be able to afford a mort
PostPosted: Mon Mar 14, 2016 4:30 pm 
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Property Magnate

Joined: Jan 7, 2008
Posts: 658
conork wrote:
Lol, you are an absolute fruitcake.
Capitalism, true capitalism, flushes out the shite and allows well run businesses to flourish.
The running of the business and how it goes bust is another story.

The system worked beautifully. The problem is intervention/socialism.


Capitalism exists within, depends upon and is constrained by a socio-political framework.

That framework won't tolerate the failure of all major retail banks, not without revolution anyway.

It's pointless to say that the framework is the problem, when it's what allows capitalism to exist.


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 Post subject: Re: On a teachers wage, I may never be able to afford a mort
PostPosted: Tue May 29, 2018 1:33 pm 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 6078
Location: SthDub
It's behind a paywall so haven't read it myself

Teacher, nurse, average earner – what house could they buy in 1995, what can they buy today?
From D4 to D 24: In 1995, a teacher could have bought a two bed terrace in Dublin 4; now shrinking affordability means that they're restricted to a two bed in Tallaght
https://www.irishtimes.com/business/per ... -1.3507227


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 Post subject: Re: On a teachers wage, I may never be able to afford a mort
PostPosted: Tue May 29, 2018 2:11 pm 
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Too Big to Fail

Joined: Jun 16, 2007
Posts: 3006
Location: Oighearland
FreeFallin wrote:
It's behind a paywall so haven't read it myself

Teacher, nurse, average earner – what house could they buy in 1995, what can they buy today?
From D4 to D 24: In 1995, a teacher could have bought a two bed terrace in Dublin 4; now shrinking affordability means that they're restricted to a two bed in Tallaght
https://www.irishtimes.com/business/per ... -1.3507227


That sure is strange, I wonder how it could happen?

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 Post subject: Re: On a teachers wage, I may never be able to afford a mort
PostPosted: Tue May 29, 2018 2:16 pm 
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Of Systemic Importance
User avatar

Joined: Aug 20, 2009
Posts: 5225
FreeFallin wrote:
It's behind a paywall so haven't read it myself

Teacher, nurse, average earner – what house could they buy in 1995, what can they buy today?
From D4 to D 24: In 1995, a teacher could have bought a two bed terrace in Dublin 4; now shrinking affordability means that they're restricted to a two bed in Tallaght
https://www.irishtimes.com/business/per ... -1.3507227


Terrible, lazy article tbh: takes average wages then vs now and compares to median house costs. No mention of teacher or nurse salaries


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