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Irish Sunday Business Post

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http://www.sbpost.ie/post/pages/p/story.as...0166-qqqx=1.asp

Literally billions of euros have been made by people over the last decade from property speculation. Those people have contributed not a jot to Irish society, but have simply had the canniness to see the main chance, buy up prime property (or about-to-be-prime property), sit on it and then sell it for a fortune.

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Guest muttley

Irish Sunday Business Post circa 2010

Literally billions of euros have been lost by people over the last decade from property speculation.

The Irish always liked a punt.

Did these "speculators" really believe they had stumbled across a surefire system for making money?You buy a property,any property.Some mug pays your mortgage,then some other mug comes along and pays twice what you paid.

No need for an economy.

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Irish Sunday Business Post circa 2010

The Irish always liked a punt.

Did these "speculators" really believe they had stumbled across a surefire system for making money?

The first one's have and understand the score perfectly, you just need to rope in a few more greater fools to offload your 'gains'.

Edited by BuyingBear

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Guest muttley

The first one's have and understand the score perfectly, you just need to rope in a few more greater fools to offload your 'gains'.

and the greatest trick of all was to convince everyone it was a good idea! Just like the 80s.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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