Quote:
Originally Posted by hayseed
One of My Brothers Bought a Town house in Dublin Ireland in 2007 for 385,000 Euros..
in 2009 It's market value was assessed at 160,000 Euros...( 59% drop in value)
They're both back here working to keep the payments Up..
Even Today Its market value is only about 200-220,000 Euros.
It's going to be Years before the Loan Payout figure & Its market Value Meet.
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If I remember correctly Ireland got absolutely smashed during the GFC. Barely caused a ripple here.