Posted by & filed under Economic Analysis, Financial Planning, Governments & Regulators, Growth & Valuation, Management Issues, Market Analysis.

Description:  Ireland is opting for bulldozers rather than bankers as it starts to clear the legacy of the housing boom whose collapse brought the economy to its knees.

Source: Bloomberg.com

Date: July 19, 2012

Link: http://www.bloomberg.com/news/2012-07-19/ireland-bulldozes-ghost-estate-in-life-after-real-estate-bubble.html

Questions for Discussions:

  • How did over-supply undermine the real estate market?
  • Who is to blame for this fiasco?
  • How can this be prevented in the future?
  • How did the collapse affect banks, governments, economic growth, and currency?

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