Associate
Nate--IRL-- said:There is going to be some pain coming soon i believe. How much has yet to be determined. The current situation can go either way with the property market. We could have a property market and construction industry that lands softly and returns to a sensible situation, or it could all just crash.
Judging by the reckless promises by most political parties (There is General Election in a few weeks) with regards to Stamp Duty for First time buyers, and the resultant immediate effect on the property market, doesn't give me confidence that any slow down in the market will be properly managed.
However, the Property market has been predicted to implode every year since about 2000. Hasn't happened yet. There is a marked slowdown in construction industry currently, but it is a slowdown in the rate of growth of construction, so it is still growing, currently.
Considering the perilous fact that the construction industry accounts for roughly 20% of our GDP, the fact that the era of ridiculously low interest rates is over, and that personal debt is so high, makes me nervous.
So in short, the less competition from Independent, small, well educated, English speaking countries, the better for Ireland.
Nate
Yup I thought as much, so this doesnt really help an Independant Scotland as you point with out competition from across the Irish sea for either country, which is I said in earlier, Scotland would be in bad way for at least 20 years, trying to get on a even keel financially, trying to attract investment and keeping our post grad's in this country.
Nate, I will tell me father in law to stop blowing the euros on the horses/pub and put it in the bank. Not that he ever listens to me or understands me anyway The Glaswegian/ Kerry accents arent exactly compatibale english anyway