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TorgoX (1933)

TorgoX
  sburkeNO@SPAMcpan.org
http://search.cpan.org/~sburke/

"Il est beau comme la retractilité des serres des oiseaux rapaces [...] et surtout, comme la rencontre fortuite sur une table de dissection d'une machine à coudre et d'un parapluie !" -- Lautréamont

Journal of TorgoX (1933)

Sunday November 21, 2004
02:36 AM

Japanese-style

[ #21937 ]
Dear Log,

«Given that just more than 50 per cent of private property [in Ireland] is owned by people over 60, the younger you are the harder it is to break into the property market. Economists now talk about a 'Japanese-style property market' where first-time buyers have to wait until their home-owing parents die in order to be able to get a house of their own; in the meantime many chose to live in the family home until well into their twenties or thirties.»

--"The gain and pain of the Irish boom": An authoritative new economic study suggests that the Republic is booming, but the reality is far more complex