Monday, Jun 11, 2007
Slump feared in Ireland
Finfacts: AIB says Irish housing market is entering crucial period
To have an idea of the timing of the crash in the UK, look at the Irish market example. Very nice charts... soon showing in our country!
Posted by confused76 @ 09:44 AM (296 views) Add Comment
5 Comments
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1. inbreda said...
"Casey said that ‘‘bottom-feeders’’ will stabilise prices after 2008"
Casey obviously doesn't know what a bottom feeder is. They buy at the bottom of the market, i.e. after something has slumped, rather than at the top of a market in order to keep prices high.
"... much of the demand in recent years was driven by investors and those buying second properties, rather than first-time buyers."
"The level of vacant housing stock ...showed that one-fifth of all housing stock ... were currently empty."
one-fifth empty because they are second / investment homes?!?!?!?!?!
This crash is going to be VERY bad.
2. sovietuk said...
I hope there is a really bad crash and greedy people get burnt really badly
3. This comment has been removed as it was found to be in breach of our Blog Policies.
4. Orwell said...
Oh this is silly,
Why can't we just have the slump that anyone with any intellect is expecting so that we can all readjust and start actually making proper money again in commerce? (and actually using the commercial office space not in some way passing it around like a pass the parcel at a party)
It is already happening in Spain and the USA, Ireland (it would seem) is on the way..
And there would be better conversation as well... It is an ill wind that blows through many dinner party conversations...
5. Scott said...
They will need the luck of the Irish to get through this one