SB Post: Irish property market living on borrowed time

Negative article on Irish property by Nick Leeson today in the Sunday Business Post:

sbpost.ie/post/pages/p/story … qqqx=1.asp

Contains some valid arguments that have also been discussed here.

Is this the same Nick Leeson who brought down Bearings Bank trading futures in the Tokyo market??? - and now himself saying Irish property “represent[s] significant high risk”! Look out below…

Cheers!