Thursday, May 8, 2008

Credit Crunch hits Ireland

I just got back from Belfast. I could not believe how many houses were for sale. There was a Sherry Fitzgerald sign on every corner. Real Estate signs are everywhere. I heard that values were dropping as well. I spoke with an estate agent who told me that Ireland is always behind the US by six months. I even saw a sign advertising 100% financing. I don't think that they learned anything from our mistakes.

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