http://dublinopinion.com/2011/01/21/the-goldfish-memory-of-edel-morgan-and-the-irish-times/ It's a group blog. What more do you need to know? Thu, 24 May 2012 16:42:28 +0000 http://wordpress.org/?v=2.2.1 http://dublinopinion.com/2011/01/21/the-goldfish-memory-of-edel-morgan-and-the-irish-times/#comment-76962 Denis Doherty Mon, 30 May 2011 02:21:37 +0000 http://dublinopinion.com/2011/01/21/the-goldfish-memory-of-edel-morgan-and-the-irish-times/#comment-76962 Cheers for that Conor. The media in Ireland continue to live in 'cloud cuckoo land' - people probably have more idea of the true value of property there. I live in London and I am amazed that property is even being valued at the prices mentioned at the lower end of the scale; these prices are totally unrealistic in a country with such a huge debt burden and no way of really servicing it, a huge glut of empty property, rising unemployment, rising taxes and increased emigration. People need to get real; a house is only worth what people are prepared to pay for it. People are asking prices that are seriously delusional: perhaps they should look at the value of property in a successful country like Germany; they'll be in for a shock. Realistically, property prices in Ireland should be pitched at the level they were at in the early 80's. The whole 'property appreciation scam' in Ireland is and has been of no benefit to anyone; the only people who have benefitted have been the banks and the estate agents. People end up mortgaging their lives away in order to service their debts, thereby creating a great deal of personal stress and having no quality of life. time for everyone to get real. D Cheers for that Conor.
The media in Ireland continue to live in ‘cloud cuckoo land’ - people probably have more idea of the true value of property there.
I live in London and I am amazed that property is even being valued at the prices mentioned at the lower end of the scale; these prices are totally unrealistic in a country with such a huge debt burden and no way of really servicing it, a huge glut of empty property, rising unemployment, rising taxes and increased emigration. People need to get real; a house is only worth what people are prepared to pay for it. People are asking prices that are seriously delusional: perhaps they should look at the value of property in a successful country like Germany; they’ll be in for a shock.
Realistically, property prices in Ireland should be pitched at the level they were at in the early 80’s. The whole ‘property appreciation scam’ in Ireland is and has been of no benefit to anyone; the only people who have benefitted have been the banks and the estate agents. People end up mortgaging their lives away in order to service their debts, thereby creating a great deal of personal stress and having no quality of life. time for everyone to get real. D

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