propping up the price of houses for sale could create sovereign default

There are lots of political suggestions There are lots of political suggestions on solving the economy, but…on solving the economy, but…Whose economy? Which economy?Whose economy? Which economy?

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The productive economy?The productive economy?


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Or the debt economy?Or the debt economy?Unfortunately the two economies of debt Unfortunately the two economies of debt and production are linked at the hip.and production are linked at the hip.All money IS All money IS

debt.debt.And yet it is also a medium of exchange.And yet it is also a medium of exchange.


In Ireland, 80% of all bank debt is In Ireland, 80% of all bank debt is secured by land or property.secured by land or property.

Are houses for sale productive or are Are houses for sale productive or are mortgages a private tax on the productive mortgages a private tax on the productive economy?economy?

If the productive economy is neglected, If the productive economy is neglected, wages and employment in these sectors wages and employment in these sectors stagnate and decline…stagnate and decline…

Meanwhile, the price of houses for sale Meanwhile, the price of houses for sale keeps going up.keeps going up.

And wages and employment And wages and employment in these sectors increase.in these sectors increase.




What comes first?What comes first?The horse?The horse?


Or the cart?Or the cart?


Is increasing debt in the productive Is increasing debt in the productive economy the right way to go about this?economy the right way to go about this?Is any debt the right way at all?Is any debt the right way at all?

The property market in ireland will not The property market in ireland will not stabilize until all the debt in both the stabilize until all the debt in both the public and private sector is reduced to public and private sector is reduced to affordable levels… or cleared affordable levels… or cleared completely.completely.

How long will that take?How long will that take?Are the politicians doing everything Are the politicians doing everything in their power to clear the debt?in their power to clear the debt?

Or do they wish to burden us with Or do they wish to burden us with even more?even more?



House prices will decline for many, House prices will decline for many, many, many years to come in Ireland.many, many years to come in Ireland.Some sellers have to move house.Some sellers have to move house.They’ll take horrible debt burdening offers.They’ll take horrible debt burdening offers.Are you too scared to offer a really low Are you too scared to offer a really low

price?price?Don’t be. Join houseflog.ie for free today and Don’t be. Join houseflog.ie for free today and add your anonymous offer to buy and…add your anonymous offer to buy and…


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propping up the price of houses for sale could create sovereign default

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