Friday, June 12, 2009

No more cead mile fáilte at Shannon Airport

Sad to read that Aer Lingus is getting rid of the service to Shannon from New York. Obviously they must figure it's not making any money and unlikely to for some time. However, if I was still living in America and planning a vacation to Ireland I can't imagine landing anywhere else. Dublin is a lively, vibrant city, but it's a city with all that traffic, etc. Shannon still has that rural feel.

When I was living in New York nothing cheered me up more than descending into the Middle of Nowhere, Co. Clare. That's the Ireland I dreamt about when I was sitting in an open plan office on the 20th floor of 111 Wall Street. All those green, rocky fields, the Cliffs of Moher, north Kerry ... there is just so much to love about the west of Ireland. Now you'll have to drive for at least four hours to get to that Ireland.

UPDATE: Hmm. It seems the Irish Times got it wrong with their front page story. At least for now. RTE says that the Shannon flights to New York (& Chicago) are "under close review."


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Comments:

jakethedog27 wrote:
I agree I love flying into SNN. Lucky the BOS to SNN is not going away yet....not that I have $$ nowadays for a vaca-apparently I'm not alone. On the bright side for us-if they do suspend JFK-SNN or BOS-SNN at least Ireland is small enough to make it work-it wont take you 6 days to drive from Dublin to Tully Cross. Did the article say that Aer is stopping flights to SF all together? Or is there still the DUB to SF option? It would be a pain to have to fly from DUB to JFK and pick up AA to SF -sure there will be some type of codeshare. Anyway when it makes more sense to open these flights back up I am sure they will. (want to bet it will be at just about the time I/we can afford a vaca? funny how that works) Not sure if Aer Lingus has been laying off-sure they have -t I would rather make the drive from DUB to GAL than have someone get the axe.
6/13/2009 2:59 PM EDT

jakethedog27 wrote:
Being new to this blog..forgive me if this is a subject you have talked about. Going back and forth with you last few days has got thinking about my few trips to Ireland. I have been more than a few times the last time being 2002-exactly one year to the day after 9/11. On all prev trips it seemed to me that the Irish people went out of there way to be nice and friendly and open-just like your read about in travel publication. 2002 I noticed a major change in the attitude-people seemed to be less likely to care about you-and more than that-there was more than one time at a pub when young kids seemed to want to fight or at least give me sh about being American. Now I have done the playful "yank" thing in the past-I understand the playfulness of it all..this was not the same and was not playful. So you ask- as I did was I doing something to cause this...not sure, but I'm well traveled and have never been that loud stand out American (not that it should matter if I was). The last few years I have been doing an unofficial survey of people I have know that have been over-I gotta say a good amount have had the same feeling and experiences.

As a yank living in Ireland have you seen any of this? I guess It could be me, all of my friends, co-workers and the random people that I met that have been over in the last few years.

I know for a long time Ireland had been dependent on tourist $$-all of the sudden the celtic tiger started to roar....do you think this could be it?

Please don't get me wrong-I have been in rougher tougher spots(USMC) but gotta say it sucked.

interested to hear what you have to say.
6/13/2009 3:42 PM EDT

TheYank wrote:
Jake,

Yes, Aer Lingus is going to "suspend" the Dublin-SF route and the Dublin-Washington route. I haven't had to go to SF in about 9 years, but when I was going there from here I flew to London and then direct from London to SF.

I think Aer Lingus has shed a few jobs, but I also think the real "cost-cutting" is still to come. The airline lost quite a bit last year.

I know what you're saying about driving across the country, but with the traffic, you might find your first hour just getting beyond Dublin. After that it's pretty easy driving nowadays. It used to be totally draining to drive across the country here. So much tension on the narrow roads with people passing you doing 90 or people passing cars going the other way coming right at you ... then add in the tractors, cows, uggh.
6/15/2009 4:34 PM EDT

TheYank wrote:
Jake

Now the hard questions. The short answer is that you caused none of the reactions among people here that you describe and yes, I've plenty of it. It was very hard to take in the immediate aftermath of September 11. There was always an undercurrent of anti-American stuff here - especially among the so-called educated - but it seemed to explode after Sep 11.

One thing I can say is that people here are over the moon about our new President so I've noticed a definite decline in those attitudes.
6/15/2009 4:57 PM EDT

jakethedog27 wrote:
Why would you want to live in a place that has people that hate you b/c you are American or b/c of your president? Its hard enough being judged by race, social status or bc your fat/skinny/bald/hairy/tall/short/gay/straight/cat/dog.

Why would it explode after 9/11? I can understand Iraq? Are you suggesting that the guy at the pub was giving me a hard time b/c of Bush? Seems a little foolish and un-educated but that is what I suspected. Kinda like me starting a fight with a guy at a pub he was from California and I hate Arnold.

What do you think of the theory of a certain we don't need you or anyone we are the Celtic Tiger we no longer need tourist $$ blaa blaa blaa? Funny thing is the Celtic tiger is dead and Bush is gone so we might never know. The one thing I can tell you is that attitude toward tourist better change because Ireland is in for a stormy few year(more than most).

Do you think that tourists coming to America get targeted at bars b/c of where they came from or who their president happens to be. No -they are target b/c they stick out and don't know the direction back to their hotel rooms.
6/15/2009 6:04 PM EDT

TheYank wrote:
Jake,

First, although what you experienced is real, it's not everyone. Most of the people I meet are very decent and are not that dumb. I think the arrogant & ignorant who look for Americans on whom to vent their stupidity are a small minority. And that's it. They go looking for Americans. {American tourists are not that difficult to identify.}

Yes, most Irish people didn't like President Bush and were very much against Iraq, but other than a small number most people here did not and would not hold any American responsible for all that his government does. I mean, there are few here who would like to be held responsible for what the Irish government does.

Most people do not hate me and I would say that Americans are as or more welcome than any other 'blow-ins' here.

I think the Celtic Tiger and its impact on tourism is more complicated. For many here the whole "quaint" Ireland was a source of embarrassment and they were happy to be able to shed that. Now, however, it looks like we're heading back in time and maybe tourists will be treated a bit better. I don't know. I agree that the economy here may suffer for quite a bit longer than elsewhere.

My wife - who is from here - has always insisted that Americans are the friendliest people in the English-speaking world. She never understood how Americans could come here and find the people friendly. I think she's a little harsh, but I know what she means. I think in general Americans are very welcoming (although sometimes they can be very direct, which can cause Irish or British people to take a step back), would not hassle anyone because of their government or whatever and tend to be almost excited to meet people from other countries. Maybe this is less true in the big eastern cities, but I often hear people here saying that New Yorkers are friendly, which surprises me at times.
6/16/2009 10:45 AM EDT

jakethedog27 wrote:
thanks good insight and interesting.
6/16/2009 5:25 PM EDT

Wednesday, June 10, 2009

They should be so lucky

Today's NY Times has an article about a house in Malahide, Co. Dublin bought by an American couple in 2006. John and Blakey Shirey moved from New Hampshire to Ireland in 2004 when John's company posted him to Ireland. They rented for two years before buying a "small red-brick home" in Malahide, an "exclusive area by the seaside." The Times says that the Shireys wouldn't divulge the price they paid for the house, but that local real estate agents say that local prices have fallen "15 to 20 percent since they bought their home three years ago."

I'm no expert on property values in Malahide, but I'd very surprised if the Shireys could get much more than 65% of their 2006 purchase price these days.

Comments:

jakethedog27 wrote:
"I'm no expert on property values in Malahide, but I'd very surprised if the Shireys could get much more than 65% of their 2006 purchase price these days"

"The Times says that the Shireys wouldn't divulge the price they paid for the house, but that local real estate agents say that local prices have fallen "15 to 20 percent since they bought their home three years ago"

Am I missing something. Based on the facts provided I would guess that the Shireys are not going to more 80-85% of the purchase price.

Can you share more info on why you think its 35%? Not trying bust you chops I am truly want to know. Does the 15-20% represent sales comps or are people just asking for 15-20% less and actually selling 35% less???

6/11/2009 7:48 PM EDT

TheYank wrote:
Jake, like I said I'm not expert. However, I don't know anyone who believes their house is worth anything like 80% of what it was worth in 2006. If you have a look at this site you'll see that prices are probably down quite a bit more than the estimates the Times provides. The Times trusted real estate agents, people who have a vested interest in talking up the property market. Look at that page I linked to and you'll see a house similarly sized to the one the Shireys own and it is on the market now for €450,000, but had been listed at €800 in 2007. (Now, I admit I'm trusting in a site full of user-generated content, so take from that what you will.) Still, the real estate agents are the last people I'd trust.
6/12/2009 6:22 AM EDT


TheYank wrote:
Don't know where my link went. Hope this works. http://bit.ly/XR7lt

jakethedog27 wrote:
Ok so it comes down to trusting the NY Times and RE Professionals or trusting you ("no expert") and a "site full of user generated content".

Hmmmmmmmmmm

6/12/2009 4:12 PM EDT

TheYank wrote:
You could be right jakethedog27. Maybe I'm just a pessimist (and I am). I own a house here and if I had to sell - based on what I hear/read/etc - I'd hope to get 70% of the value of the house near me that sold in the summer of 2006.
6/12/2009 6:23 AM EDT

TheYank wrote:
Or maybe it's because I just assumed we'd already hit the bottom. http://archives.tcm.ie/businesspost/2009/05/10/story41602.asp
6/12/2009 5:11 PM EDT

jakethedog27 wrote:
Yank-I like the last article you linked....it is all true Ireland went crazy.But at the time it made perfect sense and no one has the abilty to see the future. But there are some possible flaws with the link...maybe you can help shed some light on. It states: "The value of the asset will have some relation to the yield the asset returns. In houses, the yield is the rent. In the US, a house was traditionally valued at some multiple of the rent it generated. Typically, the value of a house was calculated at 12 to 14 times its annual rent. This relationship has held in the US for over 100 years. There is no reason to believe that this shouldn’t be the way to value Irish houses". This all true I own a two family in Boston and paid $550K for it I get 39K per year little better than his calculation but close enough..so I agree but I think the info in not complete. Prices need to drop but not using this ratio. The question for you or the guy that wrote this is..using the 12-14 times annnual rent ratio what happens when rents are artificially inflated(using this math my home was worth $900K in 2002 -never )? As the banks get tighter and people lose their homes...they are going to need places to live. A smart LL knows that a weak sales market= a strong rental market. Bottom line is homeowners that bought at the top cant afford to sell less than 65% of the value...you will never see it....the Shirleys have two choices wait it out(suck it up)...or drop the keys off at the Bank and go back to NH. The RE broker is telling the truth...but is talking about asking price and asking price....don't mean a thing. The true value of RE is whatever someone is willing to pay for it. Anything below 70% is going back to the bank.
6/12/2009 6:47 PM EDT

jakethedog27 wrote:
Oh by the way when I get some cash I heading your way to buy some bank owned...prime RE...right after I get back from my spending spree in Florida.

Oh wait I have no $....get you next time.
6/12/2009 6:49 PM EDT

TheYank wrote:
Jake, you and I are pretty much in agreement now. One thing McWilliams left out of his article, but he did highlight constantly for the past 5 years was the massive disconnect between rents and home prices. When the economy was red hot the valuations based on the rents that were available at the time were still much lower than what people were paying.

The NY Times didn't say whether the Shireys had the money to buy their place outright or if they got a mortgage. They may have accumulated sufficient equity in their NH home to buy their Dublin house without debt. Also, one thing in their favor is that some of their loss will be mitigated by the appreciation of the euro against the dollar, depending on when they exchanged their money.
6/13/2009 6:40 AM EDT

TheYank wrote:
By the way, here's a little tale. Was talking with a man who grew up in Jackson Heights, NY, where I was born. He was telling me that his parents bought the house he now lives in back in 1928. They paid $65,000 for the house. My own grandparents bought the house I lived in as a young boy in 1934. They paid $5,700. The two houses are about six blocks apart and pretty much identical in size.

This man told me that the value of his house only matched what his parents paid for it some time in the mid-late 1970s. How's that for scary!
6/13/2009 6:43 AM EDT

Tuesday, June 9, 2009

Candidate for our 'time'

Joe Higgins won a seat in the European Parliament. Joe was late entering the campaign, sort of reluctant, but he won. Now I'm not really excited by his win other than I figure his posters went a long way towards putting him over the top.

On tenterhooks

Scottish television network STV is reporting that Setanta will disappear tonight. We fans of American sports here in Ireland are all on edge wondering what will happen to our supply of baseball and hockey if that happens.

I just thought I'd share. I know you're all worried on my behalf.

Monday, June 8, 2009

Setanta's woes & ESPNA

One of the great developments for us Yanks in Ireland over the past few years was the birth of NASN - the North American Sports Network. When NASN came around it brought baseball & hockey & college football/basketball to my television for the first time since I left America in the early 90s. Absolutely fantastic.

I remember sitting in my living room here in Wicklow during August 2003 and watching a baseball game from Chicago. I couldn't get over it.

A year or so ago NASN was rebranded ESPN America (stupid name) after ESPN bought out the original owners, Setanta Sports. However, ESPNA is still part of the Setanta subscription package and Setanta is in deep financial trouble.

I don't know what might happen to ESPNA if Setanta does go bust, but I guess I'm half expecting it might mean the end of American sports on t.v. in Ireland.

Saturday, June 6, 2009

Half-time

I love sports. Still live & die with the Mets. I'm not a big soccer fan, but I always watch Ireland's games. I think if I was a big soccer fan I'd be less keen on the international soccer. Like a lot of Americans (40+ anyway) the only real experience of international sports taking hold of me was during the 1980 winter Olympics when the hockey team won the gold. Otherwise, international sports are for amateur sports fans (even if the games are no longer amateur).

It's half time in Bulgaria and it's 1-1. A win would be great, a tie enough. A loss ...

UPDATE: Finished 1-1. Not bad, no not bad at all.

So, did you have a good summer?

Irish people are fatalistic about the weather. When we get a good spell – like we had last weekend – you constantly hear “Enjoy it while it lasts,” because there's an assumption that the bad weather is only around the corner. That assumption is generally well justified.

Last week Ireland was “sweltering”. Temperatures were in the mid to high 70s. It cooled off from midweek, but even yesterday was fairly pleasant. Today, June 6, in south County Dublin my car thermometer told me that the temperature was 7.5C at 1pm. That's around 46F. Even the locals have on jackets today. And there's a stiff breeze and heavy rain. It's miserable. I bet a lot of people have their heat on today. It's supposed to be June!

The forecast is for a gradual improvement to more normal temperatures. Highs around 60, that kind of thing. Not great, but better than today, but not the kind of weather you associate with summer. Based on past experience, I know that many Irish people are wondering if the few days we had is it for summer weather.

Friday, June 5, 2009

Walking in Dun Laoghaire

As I mentioned below, I walked along the seafront in Dun Laoghaire today. I love walking there, especially on a day like today. Saw quite a few tourists, including a few from the US of A. You can always tell the tourists on a day like we had today. They're the ones who believe you need a sweater or light jacket when the temperature is soaring to 60 or so with that fairly "fresh" on-shore breeze and the occasional threatening looking cloud. The locals think that's shorts and tee-shirt weather.

The views along the seafront are tremendous. I never tire of being there.



That's "James Joyce's Tower" in the distance. If you're one of the few who's read Ulysses you'll understand and if you haven't then it's still a nice picture.


And that's Howth, Co. Dublin way off in the distance. The rocks you see in the foreground are part of the defenses of the Dun Laoghaire Pier - a great walk, if you have the time.

I voted

And just like that it's over. The election was today and the polls closed about 15 minutes ago. Who won? Who knows? They don't start counting the votes until the morning.

It's been a long time since I voted in America. The last election I can remember clearly was Dinkins vs Giuliani I. By the time they made the sequel I was living here and ineligible to vote. Anyway, that's 20 years ago, but I remember going into the booth and pulling the little levers and walking out about 20 seconds later. That's not how it works here.

We have proportional representation here. How does it work? Well, roughly, you write a 1 in the box next to your favored candidate and a 2 next to your second favorite and carry on that way. (You can get the full picture here.) I love the whole paper and pencil feel to it. So 19th-century-town-hallish, if you know what I mean.

Today we voted for three representative bodies that - as far as I can tell - have very little power or impact on my life. I voted for town council, county council and European Parliament. All of those have some minor powers, but the local councils have little power compared with the unelected county manager and the European Parliament has virtually no power when compared with the European Commission and the even more powerful European Council (all the various heads of the member states).

By this time tomorrow we'll know who won the local elections, but I don't think they're counting the European votes until Monday. I think they're waiting until every country has voted. Most are voting on Sunday.

Testing times - for a car owner

Okay, I know I told you about the tension in the house to do with my oldest daughter doing her Leaving Cert at the moment. Well, there's another source of tension, but it's one that only I feel: the NCT. I have to bring my car to the test center in an hour where it will be, well, inspected. It's been a while since I lived in New York State, but the inspection process there was never the gut-wrenching testing process we have here. Why? Well, I'm not sure I can say.

In New York your mechanic is usually the guy who does the inspection, which means it's done by someone who (a) you (hopefully) trust and (b) might be willing to allow a little "leeway" on things like emissions. Here the test is run by a company that does nothing other than test cars. And it's a Swiss company so the culture is an unforgiving one.

I don't know. I'm sure this doesn't sound all that onerous a task and I bet for many it isn't, but I know that for me sitting there at the test center while my car is poked, prodded, revved (is that a word) and measured is a stomach-churning experience. I think I'd rather do the Leaving Cert.


UPDATE: Whew! Passed with flying colors. Celebrated with a few minutes walking along the seafront in Dun Laoghaire.