They basically doubled between 70 -76, 76-80, and 99-05, so whats the big deal!
Well, borrow my time machine, go back to the 80's, try buy a house then, then pop back to now, try again, and see which one was easier, given the prevailing incomes, interest rates home prices etc...
I know some of you guys must be salivating at the prospect of the country falling apart (and god knows ye must have state jobs to feel that way) but I'm afraid ye'll be disappointed.
It's not a good situation to be in trying to counter rationalise a trend moving against you.
You may as well stand out beyond a beach and plead with the tide not to go out.
Just make sure you remember your swimming trunks
I don't think you can really compare the eighties to now, things were so much more bleaker back then. We didn't have the many support services that are now in place such as MABS, availability of credit union loans, good social welfare system,education and training initiatives, more awareness around financial issues and no AAM and even internet access was unheard of.
Eileen, are you sure people are more aware of financial issues? Do you really think the solution to finanacial difficulties and personal debt is more debt courtesy of credit unions? Assuming of course the credit unions even have the money to lend. Remind me where they get their funds from again?
The level of financial ignorance in Ireland (and in most countries to be fair) is quite astonishing.
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