Karl Deeter: Turning a victory lap into a walk of shame
We are lurching from a property crash to a catastrophic recovery
It’s quite difficult to pinpoint where everything went wrong in Irish property, we all know about the crash, the oversupply, the wholesale value destruction and financial crisis, but the equally catastrophic recovery doesn’t get a mention except through the narratives of homelessness and rising rents.
These are symptoms of the issue, not the disease itself, but nobody seems to know with any authority when we passed the point of rescue in our recovery....
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