Friday 22 September 2017

Could Ireland's new property crisis beggar us once again?

Ten years ago, the 'Future Shock' documentary called the property crash with terrifying accuracy. Now programme-maker Richard Curran wonders did we learn anything and if it is really any different today

An eerie sense of deja vu: Richard Curran made the 'Future Shock' documentary, which aired on RTE exactly 10 years ago this week
An eerie sense of deja vu: Richard Curran made the 'Future Shock' documentary, which aired on RTE exactly 10 years ago this week
Richard Curran

Richard Curran

Next week, it will be exactly 10 years since RTE broadcast a television documentary I made on the property market. The programme suggested that we were in grave danger of a sharp house price crash and it examined what a financially traumatic event like that might look like.

It was watched by over half-a- million people and it divided opinion. Many vested interests, from politicians to estate agents and economists, lambasted it for being "negative", "irresponsible", "perversely irresponsible" and "talking down the economy".

Media commentators variously described me on TV as "politically motivated", the "boy who wanted to cry wolf", a "loose talker who costs jobs" and the man who "wrecked the property market".

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