Ronald Quinlan: Blinded by hubris – they never saw the crash coming
The Age of Indulgence
FOR the men behind them, they seemed like great ideas at the time. We were awash with money and ready to spend it as if there would be no tomorrow. Now that tomorrow has come, however, many of the best-laid plans of our developer class appear hopelessly ambitious and, in some cases, plainly ridiculous. Here we take a look at five of the biggest and most disastrous property plays of the boom.
If you were to look for a single punt taken during the heady years of the bubble to get to the root of all that went so horribly wrong in the Irish property sector, you need look no further than the former Irish Glass Bottle site in Dublin's Ringsend.