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[Banjax]

are 60% down from where they were 2 years ago, on average for most homeowners 

just a fact thrown out by the radio just now - is that right?? maybe he said 16?

[Darth Loo-knee]

Have the Emeralds all gone now then? ?  :-?

[Brick Tamland]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

[hoody]

Jedward must have returned home

[Dishevelled Den]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

Yep, that shows the perverseness of a system that supports the belief that one should buy a house for investment purposes rather than to live in.

[Banjax]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

Yep, that shows the perverseness of a system that supports the belief that one should buy a house for investment purposes rather than to live in.

do I detect a note of cynicism towards capitalism  creeping into your posts lately Zulu? 

[Dishevelled Den]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

Yep, that shows the perverseness of a system that supports the belief that one should buy a house for investment purposes rather than to live in.

do I detect a cynicism towards capitalism  creeping into your posts lately Zulu? 

It's always been there BJ.

Signed: Guardiad reader from the 1970's

[cem_devecioglu]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

Yep, that shows the perverseness of a system that supports the belief that one should buy a house for investment purposes rather than to live in.

do I detect a note of cynicism towards capitalism  creeping into your posts lately Zulu? 

 

yep.. my radars detect the same signal

[Pitchfork]

Jedward must have returned home

For which the nation would be forever grateful

[Banjax]

hmmm...now i'm picturing Zulu as a sandal wearing tree-hugger in the 70's 

[Nickbat]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

Yep, that shows the perverseness of a system that supports the belief that one should buy a house for investment purposes rather than to live in.

Rather it shows the perverseness of a country being saddled with an excessively low (ECB) interest rate and being able to do absolutely nothing about it. 

[Field Marshal Dr. Opti]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

Yep, that shows the perverseness of a system that supports the belief that one should buy a house for investment purposes rather than to live in.

do I detect a note of cynicism towards capitalism  creeping into your posts lately Zulu? 

I detected that too BJ.... .....Perhaps Zulu will come and join us on the socialist side of the street soon. ........Or perhaps not..

[cem_devecioglu]

here is a saying which can be translated as

"hungry chicken deems itself in the granary" 

actually the system with all those kinds of easy credits from the banks, fools the people to see that dream.. but when the times come to pay,  their incomes are mostly inadequate and the results are disaster

and  the story is no different for countries A or B.. :-/

and add to that even the country ministers , politicians and even the banks are in the same dream you will end up with the same scenario..

[Dishevelled Den]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

Yep, that shows the perverseness of a system that supports the belief that one should buy a house for investment purposes rather than to live in.

Rather it shows the perverseness of a country being saddled with an excessively low (ECB) interest rate and being able to do absolutely nothing about it. 

Perhaps Nick, but the fundamental remains:  Houses are for living in - not for investment or the desire to profit at all costs. (In my view)

[cem_devecioglu]

Yep thats right. 

They were so over inflated, my economics lecturer said how retarded it was that for the money to buy a terraced house in the centre of Dublin you could buy a beach house in Malibu 

Yep, that shows the perverseness of a system that supports the belief that one should buy a house for investment purposes rather than to live in.

Rather it shows the perverseness of a country being saddled with an excessively low (ECB) interest rate and being able to do absolutely nothing about it. 

Perhaps Nick, but the fundamental remains:  Houses are for living in - not for investment or the desire to profit at all costs. (In my view)

capitalism says that where there is a cost or capital investment there must be a profit

[provoking Zulu ]