A record of some of the more choice quotes from the era of the Irish Property Bubble.
"Every age has its peculiar folly: Some scheme, project, or fantasy into which it plunges, spurred on by the love of gain, the necessity of excitement, or the force of imitation.
Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one!"
Monday, March 16, 2009
Donie Cassidy, Fianna Fail Leader of the Seanad and Property Investor
"Now is the right time to buy. We have a duty to tell first-time house buyers, young couples with no previous experience, that there is unbelievable value in the marketplace today. It will not last forever. It is never the wrong time to do the right thing. I offer the House the benefit of my experience and my opinion which is all any Member can do. I will remind the House, perhaps in 12 or 18 months, when prices have again increased by 25% or 30%, that they were told this by the Leader of the House on this historic day, the tenth anniversary of the Good Friday Agreement."
In an article entitled "Senator defends gaffe on house prices":
"What nobody anticipated in Ireland was that the global thing was going to have such a downturn. Who would ever have thought in their wildest dreams that Lehman Brothers would go to the wall, that Fannie Mae and Freddie Mac would have to be bailed out?"
(Ireland was already in a downturn when Cassidy originally spoke - CMcK)
But you can't keep a good man down:
"Now is the right time to buy. [...] It's a fantastic opportunity. From a young person's point of view, you can buy a four-bedroom semi-detached house for €200,000 in the Midlands. These houses were €320,000 two years ago"
The Pernicious Ramblings of Comical Austin
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Austin Hughes is a man who lives in a two dimensional world where house
prices only ever go up and interest rates only ever come down.
Austin’s livelihoo...
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