There's a golden rule! When banks make funds available to buyers, the people who actually profit, are the developers. The banks are about to issue "negative equity loans" so even people in negative equity can get their hands on money. Once this happens, the developers will up the price of houses so as to soak up every cent of that loan.
But (they tell us) it will be heavily regulated! (Where have I heard that before?)
If you think Ireland is in a bad state now, just wait 'till "Boom 2" kicks in.
It'll make the current crisis look like a teddy bears' picnic!
But (they tell us) it will be heavily regulated! (Where have I heard that before?)
If you think Ireland is in a bad state now, just wait 'till "Boom 2" kicks in.
It'll make the current crisis look like a teddy bears' picnic!