The year the roof began to fall in - Indo

[verbatim]

[*The year the roof began to fall in * (https://www.independent.ie/business/the-year-the-roof-began-to-fall-in-1254282.html)

Recap of the year in property from the Indo. It’s been a while since we heard from that talent judge with the fat gob.

This was the year of the property shock. The house price boom could only ever last so long, but despite all the warnings, many consumers thought it would never end. In 2007, they were proved wrong.

By March, the average national house price fell for the first time in five years, dropping 0.6pc for the month. It wasn’t a huge fall, but, psychologically, it had a bigger impact.

In the 12-month period to March, house prices had still managed to grow 7.4pc, but it seemed clear that something was about to give. And it did.

As the property market got the jitters and growth prospects for 2008 began to be reeled in, buyers were in shorter supply.

Anecdotally, there was evidence of many homes that had been sitting on the market for months, with estate agents unable to shift them.

Stifling stamp duty rates, rising interest rates and then global market turbulence initiated by the subprime mortgage fallout in the US saw buyers hold their fire. As the market eased, developers reined in their completion projections for 2008. The property party was coming to an end.

…

[exiled]

@verbatim

This was the year of the property shock. The house price boom could only ever last so long, but despite all the warnings, many consumers thought it would never end. In 2007, they were proved wrong.

Yes, why oh why did consumers not listen to the repeated warnings from IN&M/The IT …

[Alan_Dick]

@exiled

@verbatim

This was the year of the property shock. The house price boom could only ever last so long, but despite all the warnings, many consumers thought it would never end. In 2007, they were proved wrong.

Yes, why oh why did consumers not listen to the repeated warnings from IN&M/The IT …

Some people have never seen a recession - especially if they were born in the 80s. They thought that the ridiculous property bubble was normal and that the good times would never end…time to pay the piper…

[exiled]

@Alan Dick

@exiled

@verbatim

This was the year of the property shock. The house price boom could only ever last so long, but despite all the warnings, many consumers thought it would never end. In 2007, they were proved wrong.

Yes, why oh why did consumers not listen to the repeated warnings from IN&M/The IT …

Some people have never seen a recession - especially if they were born in the 80s. They thought that the ridiculous property bubble was normal and that the good times would never end…time to pay the piper…

Or …

[chalice]

Remember this from Brendan O’Connor

independent.ie/opinion/analy … 47118.html

The smart, ballsy guys are buying up property right now

By Brendan O’Connor
Sunday July 29 2007

[Green_Bear]

@chalice

Remember this from Brendan O’Connor

independent.ie/opinion/analy … 47118.html

The smart, ballsy guys are buying up property right now

By Brendan O’Connor
Sunday July 29 2007

Could someone forward this to him - Why is sarcasm the lowest form of wit?

[2Pack]

fat brendan should avoid property commentary in future although he should follow his own advice and buy buy buy !!!

would not fancy him as my landlord