Property Dynamics Changing

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A few years ago if you borrowed from your family, mortgaged yourself to the maximum allowed and then sacrificed to make the payments you'd be at least rewarded in the knowledge that your house is going up greatly in value - so you'd be making a nice pile of money - on paper anyway.

But now, house prices are still up in the nosebleed elevations so you still have to borrow up to your oxters and the big banks, like AIB, are saying don't expect your house to appreciate much in the foreseeable future. Worse even, is that interest rates haven't even risen back up to normal levels yet !!

What the <bleeb> is wrong with this picture ?
 
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