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Sign up to The Irish Times Archive (1859 - 2008)My Account »

Thu 12 Dec 2006How the housing corner stones of our economy could go into a rapid freefall

Offering no evidence except wishful thinking, estate agents and politicians assure us that we have nothing to worry about: the Irish housing market can look forward to a soft landing.

If, however, we look at what has happened to other small economies where sudden prosperity and easy credit drove house prices to absurd levels, we should be very worried indeed.

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