>“the underlying experiences of individual households may vary”
Ah fuck off.
Where’s mine?
What households? I missed the day they were giving out the money.
How much of that is locked into the theoretical wealth of property value that can never be realised so long as the household needs a place to live in?
1 trillion / 5 million = two hundred thousand each folks, woohoo!
Stupidity rules in this country
>It is considered a crude measure of prosperity as it hides the distribution of household assets and liabilities across income groups and age categories.
Then why use is as a measure of prosperity?
>“Positive revaluations in housing assets” represent the dominant driver of increases in net wealth in recent quarters, the regulator said, noting the year-on-year jump in housing values amounted to €95 billion, representing the highest annual revaluations on record.
Property values are up.
>The Central Bank figures show gross household savings declined for the second consecutive quarter during the first three months of the year, falling by €900 million to stand at €7.2 billion for the quarter.
Savings are down.
The rich get richer and the poor get poorer.
I dont see it
Another propaganda piece from the times to remind us of how all so lucky we are and there is nothing fundamentally wrong with the government screwing us. Just like there article a few weeks ago where they said the ukranians were all so happy and content in their tents. A nothing to see here paper courtesy of fffgg
Redditors will be shocked
So the lads asking for more than €2 are on to something 🤔
The poors of this sub are going to have a field day with this one. Do you ever wonder why you’re poor and spend a lot of your time on Reddit? I’ll give you a hint, they’re related.
Methinks we should be broadening the tax base!
And yet here we are
And still complaining about home prices?
>“Positive revaluations in housing assets” represent the dominant driver of increases in net wealth in recent quarters, the regulator said, noting the year-on-year jump in housing values amounted to €95 billion, representing the highest annual revaluations on record.
This is where this falls down completely. So the country gained 10 percent of it entire total household wealth in the last year because of a rise in house prices? But this is not real wealth, and unrealised gain needs to be sold to actually generate wealth. 95 billion did not flow into the country last year. Its made up number until someone actually pays that money for the asset.
Damn I didn’t realize I was being poor by choice…
What are we buying lads?
Need to check in the sofa again must be there somewhere
“It is considered a crude measure of prosperity…”
Layers of meanings in this one. Where are our measures of poverty? My biggest concern here is that this is just another example of salesmanship for the global community / economy. Everything’s grand, world—but if you live here you’re fucked. They’re hoping that growth like this sparks greater global investments, but it seems to me we need to fix the system from the inside out this time. Never considered myself an isolationist, but it may be time to press pause and focus on establishing prosperity through the line, not at the top. You can’t do that flitting your skirt in the center of the room.
65% is housing assets and those jumped by €95 billion according to the report. Housing wealth is funny money since people need a place to live and they can’t just spend all that supposed wealth. Take out housing and the situation doesn’t look anywhere near as impressive. It is also including pension assets. This is real money but again it’s not something a person can go out and blow since it is needed to live on for decades to come.
Well Of course it does. My house is “worth” over half a million on paper. Its effectively worthless to me though!
“Positive revaluations in housing assets”…. Nothing positive in there for most of us.
25 comments
>“the underlying experiences of individual households may vary”
Ah fuck off.
Where’s mine?
What households? I missed the day they were giving out the money.
How much of that is locked into the theoretical wealth of property value that can never be realised so long as the household needs a place to live in?
1 trillion / 5 million = two hundred thousand each folks, woohoo!
Stupidity rules in this country
>It is considered a crude measure of prosperity as it hides the distribution of household assets and liabilities across income groups and age categories.
Then why use is as a measure of prosperity?
>“Positive revaluations in housing assets” represent the dominant driver of increases in net wealth in recent quarters, the regulator said, noting the year-on-year jump in housing values amounted to €95 billion, representing the highest annual revaluations on record.
Property values are up.
>The Central Bank figures show gross household savings declined for the second consecutive quarter during the first three months of the year, falling by €900 million to stand at €7.2 billion for the quarter.
Savings are down.
The rich get richer and the poor get poorer.
I dont see it
Another propaganda piece from the times to remind us of how all so lucky we are and there is nothing fundamentally wrong with the government screwing us. Just like there article a few weeks ago where they said the ukranians were all so happy and content in their tents. A nothing to see here paper courtesy of fffgg
Redditors will be shocked
So the lads asking for more than €2 are on to something 🤔
The poors of this sub are going to have a field day with this one. Do you ever wonder why you’re poor and spend a lot of your time on Reddit? I’ll give you a hint, they’re related.
Methinks we should be broadening the tax base!
And yet here we are
And still complaining about home prices?
>“Positive revaluations in housing assets” represent the dominant driver of increases in net wealth in recent quarters, the regulator said, noting the year-on-year jump in housing values amounted to €95 billion, representing the highest annual revaluations on record.
This is where this falls down completely. So the country gained 10 percent of it entire total household wealth in the last year because of a rise in house prices? But this is not real wealth, and unrealised gain needs to be sold to actually generate wealth. 95 billion did not flow into the country last year. Its made up number until someone actually pays that money for the asset.
Damn I didn’t realize I was being poor by choice…
What are we buying lads?
Need to check in the sofa again must be there somewhere
“It is considered a crude measure of prosperity…”
Layers of meanings in this one. Where are our measures of poverty? My biggest concern here is that this is just another example of salesmanship for the global community / economy. Everything’s grand, world—but if you live here you’re fucked. They’re hoping that growth like this sparks greater global investments, but it seems to me we need to fix the system from the inside out this time. Never considered myself an isolationist, but it may be time to press pause and focus on establishing prosperity through the line, not at the top. You can’t do that flitting your skirt in the center of the room.
65% is housing assets and those jumped by €95 billion according to the report. Housing wealth is funny money since people need a place to live and they can’t just spend all that supposed wealth. Take out housing and the situation doesn’t look anywhere near as impressive. It is also including pension assets. This is real money but again it’s not something a person can go out and blow since it is needed to live on for decades to come.
Well Of course it does. My house is “worth” over half a million on paper. Its effectively worthless to me though!
“Positive revaluations in housing assets”…. Nothing positive in there for most of us.
/r/frugal_jerk