Stephen B writes:
Unfortunate mixup of stories this morning in the Irish Times
Rents have reached a new all-time high, survey claims (Irish Times)
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Everything. As It Happens.
Stephen B writes:
Unfortunate mixup of stories this morning in the Irish Times
Rents have reached a new all-time high, survey claims (Irish Times)
….and their game shows
Bravo fg, you have managed to bring the country back to the brink of another property bubble collapse.
At least bertie had the excuse of being corrupt, what will yours be?
But there is no bubble according to many commenters I’ve seen. The reasoning is that there is no credit bubble and this is just supply shortage.
I wonder though, with all the printing of money that has been going for 7 years and zero per cent ECB rates how can this not be credit related also? Funds are looking for growth and property offers that. The question is, what is the tipping point/ There has to come a point where people just can’t pay anymore.
Fine Gael and Fianna Faíl’s measure of success seems to be rising property prices. People with property vote for that.
Ultimately it is delusional and short termism.
It’s dreadful that we still have no leaders with vision.
Rising property prices have eased the national debt crises and raised the balance sheets of pension funds and financial institutions
Accordingly the country can borrow more and cheaper to fund all the dolies working in the public sector who then vote for the government who etc etc
I have to say I’m really surprised by this.
I was certain that Eoghan Murphy pictured with tie loosened and sleeves rolled up, looking pensive and concerned would have sorted this by now.
Sur he’s on his holliers
Lay’ve him be
Yes, quite an unfortunate and darkly humourous mix-up, I have to admit it made me smile….