Isobel - buy property you losers
So now, those who rely entirely on having to borrow money in order to buy property will have to stay bobbing up and down out at sea and wait, as there will be a considerable time lag before Irish banks realise what is happening and see fit to start lending again.http://www.irishtimes.com/newspaper/pro ... 37394.html
No doubt, that the time will come again, when we will recount the dramas of the Celtic catastrophe to our children and grandchildren and either pat ourselves on the back for being clever enough to have had the nerve to buy property at a time when nobody else would dare, or berate ourselves for not having done so.
History will repeat itself, as it always does and memories fade.
Like those of us, who are old enough, and once looked back to the 1980s and wondered why we hadn’t invested more in property then, when prices were so low, forgetting totally, that at the time, banks were slow to lend and when they did, they charged exorbitant interest rates.
And before you shower me with abuse and complain that I am actively encouraging people to invest in Irish property during the worst recession in living memory, let me assure you that I am doing nothing more than reminding people of the tides of life and how you can swim with or against the currents.