Property firesale will escalate housing crisis
Published 23/04/2016 | 02:30
Ireland and its relationship to property is conclusive proof that history repeats itself first as tragedy, second as farce.
In the wake of the Famine in 1849, the Encumbered Estates' Court came into being, enabling the mass sale of Irish estates whose owners were swamped with debt.
At that time, the country was an impoverished colony of Britain. Today, we have our independence and there can be no excuses, such as blaming absentee landlords or peers stupefied by port and louche living, for our plight.