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Understanding the Housing Crash: Causes, Impacts, and Recovery Efforts in Ireland

Explore the housing crash that started in the early 70s, as house prices soared due to more people in Ireland, changing demographics, and high mortgage loans, leading to a market collapse. Discover the economic implications, bankruptcy risks, and ongoing challenges in reviving the Irish economy post-crash.

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Understanding the Housing Crash: Causes, Impacts, and Recovery Efforts in Ireland

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  1. Paige Daugherty The housing crash

  2. Starting in the early 70’s • The prices of houses increased steadily around the world for years

  3. Causes • More people in Ireland • More younger people • Fewer people in each household

  4. Soon though the prices got too high • People couldn’t afford them • Mortgage loans got to high • This lead to the crash

  5. Economy • People could not afford houses or loans • Bankruptcy • House prices fell

  6. Today • Ireland is having a hard time reviving the economy from the housing market crash

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