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Hey piggy,
People with specialist knowledge of the housing markets, senior economists, auctioneers with years in industry seem to disagree every other day so it seems to be a case of guessing. I find reading economists that they are generally very accurate after the event!!!
I would be thinking that at some stage there will simply have to be a slowdown. Otherwise I don't see where people can get the cash. Having said that, I thought that 3 years ago when I lived in Dublin....and its just kept going...
I guess in the long term you'd expect blips and ups and downs but in general you'd think they would keep or slightly increase their value. To be honest, I personally think that if there was a massive economic slump, saying Intel pull out of Kildare, IBM close etc etc that the banking system as a whole here could face chaos....bankruptcy etc. Will that happen...who knows.
However, they said that the stock market would always gain long term. Looking at this, because of the tech bubble in late nineties the Dow Jones is still down over 5 years. I have also read some interesting stuff recently saying that past economic cycles are no longer applyable currently or in the future due to the overall fundmentals changing So no guarantee things will continue to rise long term....
But tis all guess work and I'm probably talking and quoting through me This post will be deleted if not edited to remove bad language....
So on a more important note, hows the house/pool table purchase coming along?!!!
I was thinking...ye need to find a budget for an outside hot tub in the back garden....ye'd be legends with the ladies if you had a chat up line that included....would you like to go for a dip in my hot tub?????!!!!!
And as well as that you could have an AAM party in your back so we could all give it a go!