Madam, - Have we all lost the plot here? A small, utterly dilapidated, two-bedroomed house in Dublin 4, with the kitchen ceiling falling in and a lean-to toilet that one wouldn't house cattle in, was advertised recently with a guide price of €320,000 (originally €290,000).
I have just returned, dazed, from its auction, where the gavel gave a sharp crack as it brought the madness to a conclusion at €505,000.
Can anyone tell me exactly which form of madness is driving this mindless purchasing frenzy? - Yours, etc.,
KEN KELLER, Bridgewater Quay, Islandbrige, Dublin 8