Richard Curran: I warned of a property crash in 2007 – will it happen again?

They say the past is a different country. And 16 years ago was a very strange time in Ireland. Everything looked bright, shiny and new, but in fact the country was in the throes of a massive national property Ponzi scheme which had become an unhealthy obsession.

ouse prices were hugely overvalued and in the spring of 2007 they clung at the top of a high precipice. Suspended. About to begin the big drop.



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