A key justification of the bank bailout in Ireland was that it would allow banks to keep lending to support the domestic economy.
The tight supply is due to bank inaction, and poor cash returns are behind the price rise, but a correction will come, writes Karl Deeter.
Do your taxes and be sure to use tax expenditures”- you have two days left to file a tax return before the November 15 deadline. You'll need to use somebody who is registered with the Revenue Online
The truth is a hard thing to suppress. Last week, we had another stark revelation about the mortgage market after RTE reported that there are now e20 billion in home loans with some level of arrears. That represents about one in six loan accounts.
In the long run, Ireland faces two apparently unrelated challenges. First, our infrastructural deficit will grow due to repeated government cutbacks. Secondly, as our population ages, our society will struggle to pay for pensions of a greyer society.