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Irish government warned recession will deepen on back of property woes

Leading economist Bacon urges action to sort housing market


Leading economist has warned that Ireland’s economic woes will worsen if the government fails to stabilize the property market.

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“The only thing you could say in terms of fairness is that it is the taxpayer who is living in these houses. So if you do achieve stability in the market, it does achieve stability for all households,” said Bacon.

“Without measures to stabilise the market, the game that is being played by Nama and the banks is a game that they are playing against their own balance sheets.”


Nster.com


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just as no one could put humpty dumpty back together again, there is no way to un-pop the real estate bubble, so things will just continue to get worse for the rest of our lives, unless we begin a new way of living, and i dont see the tv heads on this planet doing that, they are much too programmed and dunderheaded...the paper money swindle coupled with the world wide real estate boom created money on paper and in ledgers that did not really exist. we all knew there would come a time when that fell, and it did, and the perps are now riding off to their condos in tel aviv with their bags of shekels, and it will be another 50-60 years before they can do it again, but they will, when a new bunch of marks, a new bunch of saps, listens to the lies taught by the zionists in the schools and on television and in the papers, and the cycle continues. nothing new under the sun. the police state is in place, and will remain in place even as our roads and supply points erode to nothing. watch.
ciaradexy.Chances are the Euro will not fall.Keep a close eye on what's happening in Europe and the Euro crisis.If you have access to a balk of cash.The banks have loads of houses and they want cash.If you can prove to them where you got it.You can get a very good deal.I would make a move now!!By march the Euro crisis could be over.Once fiscal union and stability is in place in the Euro Zone.The banks then know things will only get better.Or you could wait and see will the Euro fall or anything else that might happen.Been watching for years so I have.Now is the time to move.But make sure if you do buy you don't leave yourself broke.You would want a job and 20 grand back up,just in case disaster strikes or you might end up losing your frilly knickers.
I have my eye on a few houses at the mo. They were about €400k 5 years ago and now they cant sell them for €170k! Its great!
 




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