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Is Ireland in such bad shape? I thought they were a big success story during the 90s and 2000s.
by maxxxxx 8y ago
Is Ireland in such bad shape? I thought they were a big success story during the 90s and 2000s.
- mattmanser 8y agoThey had a huge housing crash 2007-2010. 31% of mortgaged properties were in negative equity at the end of 2010 (the value of the house is less than the mortgage, so you owe the bank more than the house is worth). https://en.wikipedia.org/wiki/Irish_property_bubble https://en.wikipedia.org/wiki/Irish_property_bubble
- s_dev 8y agoIreland is in very good shape economically. Current problems though include a property crisis in Dublin, sharpening inequality and the problem Brexit presents to certain industries like Tourism and Agriculture.