W
walk2dewater
Guest
Nov29/06 breaking news:
http://www.breakingnews.ie/ireland/?jp=CWIDQLKFKFEY
Austin Hughes, Chief Economist, IIB Bank who said that, according to his study: "If house building had not risen in recent years and, instead, remained at its 2001/2002 levels, I reckon Irish house prices could be as much as 20% higher than they are at present. This would imply the average house might now be as much as €60,000 more expensive than it is today."
Anyone care to delve into the multiple layers of illogic and fallacy in this statement?
http://www.breakingnews.ie/ireland/?jp=CWIDQLKFKFEY
Austin Hughes, Chief Economist, IIB Bank who said that, according to his study: "If house building had not risen in recent years and, instead, remained at its 2001/2002 levels, I reckon Irish house prices could be as much as 20% higher than they are at present. This would imply the average house might now be as much as €60,000 more expensive than it is today."
Anyone care to delve into the multiple layers of illogic and fallacy in this statement?