One thing I’ll be keeping an eye on are the deal sites e.g. groupon.ie/
At the moment I think they are full of spas, golf clubs, luxury hotels; i.e. businesses we have too much of and who are probably fighting for survival.
When we get back to a mean, the deals for these types of businesses should drop off.
(As an aside, I don’t think groupon itself has a sustainable business model, but that’s off topic).
83% off 1998 peak celtic tiger mania prices for a shell and core finish is perfectly reasonable. If super cannies had not held out against reality as long as they did they may have been continously occupied since.
Exactly, causing the unnecessary assemblage of human labour and materials and all that leads into supporting and making available diverting then what more needs for the maintenance at disastrous cost for absolutely no use. Thus was born the Mc Ponzi Folly.
Reality has definitely caught up with commercial stuff a lot quicker than residential. I suppose it’s a lot harder to maintain the aura of bullshit and argue against relentless arithmetic when you’re talkng about office blocks rather than redbricks. 10 X 2,100 sq ft apartments at €85k a pop anyone? Plenty of parking for everyone too.