RTE to air property crash programme

jetski

RTE is to air a special programme based on the propert bubble,

should be interesting


Future Shock: Property Crash

In a special programme, RTÉ Television examines whether Ireland's property bubble is about to burst. In Future Shock: Property Crash, journalist Richard Curran assesses the chances of a significant readjustment to Irish property prices, and asks who will feel the most pain if the market does crash?
As the first cracks start to appear in the Irish property market, are we headed for a 'soft landing' or are we facing into the beginning of a more significant slide in values. In short, are we facing a crash?
Examining the underlying realities of current trends, presenter Richard Curran asks if a predicted growth of 3% nationally for 2007 masks a more worrying situation? Looking into the future, he asks could a property crash happen in Ireland and, if it did, who would be most affected?
Exploring the external and internal factors that could cause a significant drop in values in Ireland, Futureshock: Property Crash looks at the sliding dollar and a downsizing construction industry, as well as at increasingly negative sentiments in the market place.
Painting a compelling picture of where the Irish property market is at, Richard Curran questions the role of banks and other institutions in predicting a potential collapse. Have our institutions behaved responsibly towards exposed groups such as first time buyers, for example?
In order to answer these questions, Curran brings us through some of the other property crashes that Irish emigrants have been caught up in, including the big crash in Britain in the 1980s.


http://www.rte.ie/tv/futureshock/propertycrash.html

punchestown

Is this not a repeat?

jhegarty

punchestown wrote: »

Is this not a repeat?

Yep

Pa ElGrande

If you have realplayer you can view it here - http://dynamic.rte.ie/av/228-2239098.smil

confuzed

thanks, i missed it.

gurramok

Oil at $110 and euro at $1.56 already. By god they had some worldwide predictions in that program which have come true!
And they predicted negative equity, thats come already for late '05/early '06 buyers at least and it's going to get worse.

punchestown

And the reaction from the vested interest brigade at the time of airing was?

A scandal whats been allowed happen with regard to the housing market and sadly the worst is yet to come!

Pa ElGrande

punchestown wrote: »

And the reaction from the vested interest brigade at the time of airing was?

The program makers, Richard Curran and RTE literally hit the property bulls eye with that program and took an awful lot of flack from the vested interests afterwards. Here is a sample of the vested interest reaction on the aftermath

Tuesday, 17 April 2007 - Soft landing or crash landing for property boom?

Wednesday April 18 - Estate Agent Slams RTE Property Crash Programme

April 24, 2007 - Ireland’s builders dismiss TV prediction of property crash

Sunday April 29 2007 - Property slowdown is a normal fluctuation

03 June 2007 - BoI economist criticises doomsayers

Friday, 10 August 2007 - BCC says property programme was balanced

confuzed

they say crash all over world has typically taken off 30% or third of prices. I have started believing in them and will wait for that much Price drop.

jetski

from when?