I've lived in limerick all my life and you see a "sulky" ( i presume this is a horse drawn vehicle ) about once a month, unless your a taxi driver.
WRT property, rents proximate to UL or LIT have suffered, intially declining and since then suffering a "lack of growth" for over two years, see the daft report for details and figures.
It's reputation has created value for FTB's and and other homeowners, a relation of mine bought a similar house to mine last year, (we both bought at the same time) and was more than a little outraged at what you can buy in limerick for a given amount versus what you can buy for twice that amount in dublin with less amentiy value, i.e 16 miles from o'connell street versus 12 minute walk to o'connell street in limerick, better access to schools etc..