Indo:
At home, the news was equally grim on the housing front.
According to the Irish Auctioneers and Valuers Institute (IAVI), any house price increases in 2006 were wiped out by the downturn in the market over the past 12 months.
Why should this be classed as grim news? If the price of cars, oil, mobile phones, etc. etc. fell we would all be delighted. I have kids who someday will hopefully want to own a home and the cheaper houses are the better. Can somebody explain why this would be grim news for me, or my kids?
Please do not turn this into a discussion on house price in Ireland, I just want to be educated on why rising house prices should be so celebrated when we moan about the price of anything else rising.
At home, the news was equally grim on the housing front.
According to the Irish Auctioneers and Valuers Institute (IAVI), any house price increases in 2006 were wiped out by the downturn in the market over the past 12 months.
Why should this be classed as grim news? If the price of cars, oil, mobile phones, etc. etc. fell we would all be delighted. I have kids who someday will hopefully want to own a home and the cheaper houses are the better. Can somebody explain why this would be grim news for me, or my kids?
Please do not turn this into a discussion on house price in Ireland, I just want to be educated on why rising house prices should be so celebrated when we moan about the price of anything else rising.