US: Actual house sales since 2007 are below reported levels.

The Irish Property Bubble (2006) International Property Bubbles
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Story reported 16th December 2011

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](https://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/16/prweb9047834.DTL#ixzz1giOvebWG)

Sub-heading; “Estate Agents tell untruth”.

Blue Horseshoe

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“The numbers may be lower, and even significantly lower, than we were led to believe, but we’ve already felt the effects of those numbers on a national economic level. The reality existed regardless of what the numbers were perceived to be.”

Read more: sfgate.com/cgi-bin/article.c … z1giS0hA50

This quote from the link reminds me a bit of the Dept of Finance response to the missing €3bn in the govt accounts.

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