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Next crash . .

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Comments

  • #52
    Sonny678
    Registered Users, Registered Users 2 Posts: 1,091 ✭✭✭Sonny678


    Wanderer78 wrote:
    patience, Canada and Australia look like could be contenders for our thrown!

    Yes Australia is definitely a future contender for our thrown.


  • #53
    Wanderer78
    Registered Users, Registered Users 2 Posts: 30,442 ✭✭✭✭Wanderer78


    Sonny678 wrote: »
    Yes Australia is definitely a future contender for our thrown.

    not looking good for them alright, but maybe they have a 'soft landing':D

    steve keens latest debunking economics podcast is actually about this subject matter, for those interested, on a global scale


  • #54
    Arthur Daley
    Registered Users, Registered Users 2 Posts: 4,546 ✭✭✭Arthur Daley


    ZX7R wrote: »
    He expects a real property boom in 8 to ten years time and a crash 5 year's there after.


    Most people cannot sustainably afford property at current levels. What does a property boom in 8 years time look like? Will the average house be €1m now. Then who can afford to buy them. The world will not pay Irish people enough for their products/services to pay for these ridiculous accommodation costs. That's the harsh reality I see, and that is what happened in 2007.

    Having been burned before, the Irish worker needs to have one eye on their own competitiveness, because it's every man for himself for most of us. Even if the politicians and cartels lording over the place lose the run of themselves yet again, doesn't mean the adults truly charged with keeping the lights on can afford to do the same.


  • #55
    ZX7R
    Registered Users, Registered Users 2 Posts: 3,428 ✭✭✭ZX7R


    Arthur Daley wrote: »
    Most people cannot sustainably afford property at current levels. What does a property boom in 8 years time look like? Will the average house be €1m now. Then who can afford to buy them. The world will not pay Irish people enough for their products/services to pay for these ridiculous accommodation costs. That's the harsh reality I see, and that is what happened in 2007.

    Having been burned before, the Irish worker needs to have one eye on their own competitiveness, because it's every man for himself for most of us. Even if the politicians and cartels lording over the place lose the run of themselves yet again, doesn't mean the adults truly charged with keeping the lights on can afford to do the same.

    I don't know what it will look like,there will always be booms and crash's.
    Anyways I won't be living here then


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