Skip to main content

Madness - Our House Price Crash - Spitting Image...

Classic song by the spitting image TV show to the tune of the Madness song - Our House.

Based on the financial situation of the time, rather like that of today.....



Lyrics:

Dad believed what Maggie said
Get a mortgage buy a home
So dad took out a great big loan
For a while there we were chuffed
Now the market has collapsed
And we're absolutely stuffed

Our house, in the middle of a slump
Our house, no one wants to buy this dump

Dad is desperate to sell
But now our homes worth even less
Than a pension from Maxwell
Our living room's a mess
Full of magistrates and bailiffs
Trying to repossess

Our house, in the middle of the boom
Our house, it was worth a small fortune
Our house, left us in a dreadful state
Our house, why the hell'd we decorate

We really caught a cold
Nowhere we can go to now
All the council houses have been sold
Our dads taken some stick
He's still voting Tory though
By God he must be thick

Our house, didn't work out like we planned
Our house, prices dropped by fifty grand
Our house, threw us out and changed the locks
Our house, it is now a cardboard box
Labels:

Popular posts from this blog

Ireland's Celtic Tiger Excesses...

'Bang twins' may never get to run a business again... POST-boom Ireland is awash with cautionary tales of Celtic Tiger excesses, as a rattle around the carcasses of fallen property developers and entrepreneurs will show. Few can compete with the so-called Bang twins for youth, glamour and tasteful extravagance. Simon and Christian Stokes, the 35-year-old identical twins behind Bang Cafe and exclusive private members club, Residence, saw their entire business go bust with debts of €9m, €3m of which is owed to the tax man. The debt may be in the ha'penny place compared with the eye-watering billions owed by some of their former customers. But their fall has been arguably steeper and more damning than some of the country's richest tycoons. Last week, further humiliation was heaped on them with revelations that even as their businesses were going under, the twins spent €146,000 of company money in 18 months on designer shopping sprees, five star holidays and sumptu...
Read more

I fear a very different kind of property crash

While 80% of people over 40 own their own home just a third of adults under 40 do. This is disastrous for social solidarity and cohesion Changing this system of policymaking requires a government to act in a way that may be uncomfortable for some. Governments have a horizon of no more than five years, and the housing issue requires long-term planning. The Department of Public Expenditure and Reform was intended to tackle some of these problems. According to its website its remit is to “drive the delivery of better public services, living standards and infrastructure for the people of Ireland by enhancing governance, building capacity and delivering effectively”. So how is the challenge of delivering homes for people in 2024 and beyond going to be met? The extent of the problem is visible in the move by companies, including Ryanair, to buy properties to house staff. Ryanair has, justifiably, defended its right to do so. IPAV has long articulated its views on how to improve supply an...
Read more

Property Tycoon's Dolce Vita Ends...

Tycoon's dolce vita ends as art seized... THE Dublin city sheriff has seized an art collection and other valuables from the Ailesbury Road home of fallen property developer Bernard McNamara. The collection will be sold to help pay his debts. The sheriff, Brendan Walsh, is believed to have moved against the property developer within the past fortnight, calling to his salubrious Dublin 4 home acting on a court order to seize anything of value from his home to reimburse his creditors. The sheriff is believed to have taken paintings from the family home along with a small number of other items. The development marks a new low for Mr McNamara, once one of Ireland's richest men but who now owes €1.5bn . The property developer and former county councillor from Clare turned the building firm founded by his father Michael into one of the biggest in Ireland. He is the highest-profile former tycoon to date to be targeted by bailiffs, signalling just how far some of Ireland's billionai...
Read more