then we come to the "Biggie"
the elephant in the room so to speak
If you are part of the giant pyramid scheme that has taken over the nation called property(EA, banks, auctoneers,dodgy plumbers and assorted cowboys , bouncy castles etc) you should be good for next 2 years at least - that monster stampede has still got lots of legs in it yet - however when it does turn - as it will unless we are living in a parallel universe where the laws of economics have been totally turned on their head - all I can say , having begun my productive working life in Japan in the early nineties , is you sure better have a fast horse or SUV with the engines warmed up because it's not going to be pretty - forget about all that soft landing nonsense - we flew through that junction years ago .
Im not going to go into great detail into the Irish nations psycotic fixation with the accumulation of badly built houses in dead end estates - this site has more than enough of that already. All I will say is that the whole property explosion has completely masked the true economic condition of the country over the last 10 years.
Our wealth has not increased dramatically due to the usual way ,ie hard work ,producing and selling useful expensive stuff to foreigners, and then spending the proceeds in our own nation - most of the proceeds of our exports ends up far way in more tax friendly climes . Collectively We have gone out and borrowed , borrowed , borrowed to fund the current "boom" (well , to do the monty python thing - except me! - 3 years living in deflationary Japan engenders a certain feeling of profound disquiet when every eejit ya meet on the street these days is a flipping property tycoon and a total expert - prices can only up didn't ya know - Jeez we should find the source of this gravity defying matter , bottle and sell it and our collective economic anxietes would be banished forever. I could say "lemmings" but hey.....