Over the past few years newspapers and TV programmes have been talking up the poperty boom and encouraging folk to get deeper than their eyeballs into debt. All in the name of getting on the "property ladder".
Meanwhile back in the real world - from: Breaking News
"Cowen and RTÉ under attack over housing slump THE president of the Irish Auctioneers and Valuers Institute (IAVI) will today accuse Tánaiste Brian Cowen and RTÉ’s Prime Time programme of creating huge uncertainty in the housing market. In a speech to be delivered today, IAVI president Robert Ganly will take a broadside against the Tánaiste for not having the political bravery to reform stamp duty laws, a failure which has been partly blamed for the sharp drop in house sales this year. Mr Ganly is also expected to severely criticise RTÉ’s Prime Time for its documentary Future Shock The documentary, written and presented by business journalist Richard Curran, predicted that the bursting of the housing price bubble would have a deeper effect on the market than the “soft landing” predicted by Mr Cowen. Mr Ganly’s criticism will mean the programme is itself being blamed as a factor in the slump. The identification, in this fashion, of a single TV programme is surprising. However, the IAVI president is expected to criticise the programme makers for presenting a thesis, which he will claim was unsubstantiated, that in itself had a chilling effect on people. "
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