‘Distressed’ property fire sale - Two-bedroom Cavan house on sale for $20,000

HEY THE PROPERTY MARKET IS BAD OVER HERE BUT ITS NOT THAT BAD!!.. THE AVERAGE PRICE OF A HOUSE HERE IS STILL 170K PLUS.. SO STOP BEEN SO DRAMATIC AMERICAN STYLE .. ON THE WHOLE IRISH PEOPLE STILL PAY MORE FOR THEIR HOUSES MORE THEN AMERICANS DO ...PLUS OUR HOUSES ARE BUILT FROM STONE AND CONCRTE BLOCKS AND NOT JUST WOODEN SHACKS OF TIMBER!!

That's all they're worth. How could they have asked prices probably about ten times that amount in the past when these properties were located in places like Cavan, far from any large cities where you might have been able to earn enough dough to pay the mortgage. Unless you are the local doctor or guard,there is no way you would have been able to get a job that paid anything like enough to cover the mortgage in such a remote area.

Another story explaining the ponzi scheme introduced into Ireland by the Bernie / Bertie Madoff's...............On reflection the property prices are still way over valued...........A two bedroomed bungalow is still worthless without a job to pay the bills.