Richard Curran: I warned of a property crash in 2007 – will it happen again?
At the high point of the Celtic Tiger, Richard Curran presented the TV documentary Future Shock: Property Crash on the prospect of a massive drop in house prices. Now he asks whether history will repeat itself — or are we facing a different crisis?
They say the past is a different country. And 16 years ago was a very strange time in Ireland. Everything looked bright, shiny and new, but in fact the country was in the throes of a massive national property Ponzi scheme which had become an unhealthy obsession.