3 ms·
They 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 mortgag
by mattmanser 8y ago
They 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