Belfast Blogs.com

I love property porn. You know the stuff: it comes in a colour supplement in your weekly regional paper that's longer than the paper itself is.Before they get to the actual adverts, which funds the whole thing, there's a few pages of blatant fluff masquerading as reviews of newly available property.No matter what the economic climate, never mind if there is an enormous property bubble popping around your ears, what you'll read in property porn is always universally positive.If prices are collapsing, then property porn will tell you 'this house should be of interest to investors and first time buyers, offering unprecedented affordability in this much sought-after area."If it's a derelict flat in a slum redlight district, it will be described as "offering a unique opportunity for a...

Living in denial seems to be one of the most common pastimes these days.In fact, it's probably the third most common pastime in Ireland today, behind slumping in front of the telly to watch CSI: Miami and slurping wine with friends while comparing the notional values of their overseas property portfolios.I thought it might be useful to run through a few known facts that people are living in denial of in Ireland today, just as a reminder and in the vain hope that some people might snap out of their torpor and face up to some of the scary realities that await us all.Today, we'll kick off with a biggie - the Irish property market.Irish property prices are about to collapse, because it is the biggest bubble in the global property market bubble. Yes, people have been predicting this for years,...