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chelston

If You Have Time, Watch This Video On Ireland

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I have just watched "after the gold rush " on prime time RTE business. it is a video lasting 54 minutes with a link to the video on the page. If someone would be kind enough to provide a link I would be grateful. Is this our future in a year or 2?

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At the risk of sounding evil there appeared, IMPO, to be a lot of property speculation going on there - field buying, BTL empire building, even the lady with the cottage whose daughter was into horse-riding (A friend pays about 6K a year to look after her horse.).

Having said that, there was real heart-break there and you can't help but feel sorry for some of the people.

I still am amazed why we are not seeing Eire-like house price collapses here in the UK.

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At the risk of sounding evil there appeared, IMPO, to be a lot of property speculation going on there - field buying, BTL empire building, even the lady with the cottage whose daughter was into horse-riding (A friend pays about 6K a year to look after her horse.).

Having said that, there was real heart-break there and you can't help but feel sorry for some of the people.

I still am amazed why we are not seeing Eire-like house price collapses here in the UK.

Thanks chelston & yellerKat. I think Eire's & NI's bubbles were more frantic than in the UK, so the falls are more pronounced as a result.

What I find hard to understand is why Eire was hailed as the Celtic Tiger by economists, when it was just having a bubble based on easy credit. What do economists use for their intelligence, when a layperson could easily see what was happening?

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