Lessons from Ireland

Shhh...property crash in Ireland.  Pfft....can't happen here, this is Australia.  Of course there was that one in the USA, pfft...increasing property prices are in the constitution, aren't they?  Asian Economic Crisis with massive property value losses within hours, that was propaganda, wasn't it?
Good things happen to those that take out second mortgages, don't they?  Better things to those that take out third and fourth?  Thou shalt buy your children an overpriced 50s house?

Greed is good?  Or was it Greed is God?

Hmmm....

You decide:

http://www.globalpropertyguide.com/Europe/Ireland/Price-History

http://www.macrobusiness.com.au/2013/04/ireland-the-greatest-property-bust-of-all/

http://www.businessinsider.com.au/boom-towns-australian-property-and-the-lessons-from-the-irish-experience-2015-9

http://www.irisheconomy.ie/index.php/2013/01/09/fitch-report-property-markets-remain-soft-irish-borrowers-on-strike/


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