"Despite some overvaluation in the market, [a downturn in the market] is unlikely. Two fundamental events justify the reacceleration in prices since this time last year. As last year drew to a close, the expected release of SSIA moneys, which began this May, became bankable as deposit leverage. The second more significant event was that at the turn of the year banks became much more liberal with mortgage lending policies. Old multiples of gross income went out. New, and more liberal, measures of net income came in. More important still was the lengthening of mortgage repayment periods - with 40 year mortgages now not uncommon."
Irish Times, 25 Jan 2007:
"All will be well - if politicians don't meddle in the property market."
"I predict that the market will turn itself around, with growth resuming by September 2008. This is not another kick start however, more a resumption of moderate low digit growth. By the middle of next year it will be clear that interest rates have peaked and we should see them start to come down by 2009/2010."
Irish Independent, 6 January 2008:
"Does all of this mean you should wait until 2009 before buying a house? For several reasons, that idea is nonsense."
"When I bought my own house in 2006 I knew it was slightly overvalued. Having just got engaged, my choice was to buy a property in an area where I wanted to live and in commutable distance for myself and fiancée, or to sit out the first years of married life in a 40sq m apartment. Speaking for myself, I have no regrets about my decision. "
Newstalk radio, Tue Jan 22, 2008:
"It's always a good time to buy a house"
Irish Independent, 12 Oct 2008:
In our own housing market, prices are now back to where they were in late 2005. Back then, those prices were overvalued by 15 per cent and a soft landing was still possible. Thanks to the lending binge that ensued, the landing now won't be soft. But, however bumpy, it could still be safe. [...] If fact can replace fear in people's attitudes, the housing market can stabilise early in the new year.
Irish Independent, 16 November 2009:
"THE next time you're walking down any footpath in Ireland with more than 10 people walking along it, I'd like you to conduct this simple exercise; visualise one of the people you see walking towards you with Guantanamo Bay-style orange jump suits, with hands, feet and neck chained together. That is roughly the share of people in this country suffering from negative equity at the moment."
"They are victims of a vast network of misgovernance encompassing our land laws, our planning system, our spatial strategy, our system of financial regulation, and, yes, our banks. They are also victims of a State that plundered them for tax revenues."