Bricks and Slaughter — The Economist

Some of the 'Pin might find the following an enjoyable read:

This week the Economist podcast features an interview with Alan Barrett (sp?) of the ESRI

It also shows (there’s a graph in the article in the magazine) that using l/term price/rent ratios, Ireland is the closest of the “crash” markets to being back to “normal” pricing , less than 10% out now.

With 300,000 empties and 10s of thousands more in serious arrears…that’s fucking depressing.

Rent support mechanisms…

From the … d-2011-03/

From that article: “Rent in Dublin rose in 2010”.

My ass.

but remove the artificially-supported rents and then what happens?