Daft Property - Irish Property News

Your essential guide to language in the 21st century economy... It's happened to us all. One minute you're in your element, waxing lyrical about the big match over a bag of peanuts down the pub, the next the talk turns to the markets and you're left clutching at more straws than an octopus playing Kerplunk. Worry no more. Like a white knight with a big dictionary under his arm, The Times today charges to the rescue with the Recessionsaurus — Robert Cole's guide to modern vocab. We've listed and defined some of the most common phrases to have cropped up over the past few months, and we hope you find them useful. But this is an interactive service — we want your input, too. Use the Have your Say box below to query any economic tongue twisters and terminology to have come your way recently. We'll monitor your feedback and add new entries, quicker than you can say quantitative easing. Well, almost... Administration One step from bankrupt

...echoes of the 1930s Midwest in the sorry mortgage belt tales of our estate agents... "And there on the Texas plains right in the dead centre of the dust bowl, with the oil boom over and the wheat blowed out and the hard-working people just stumbling about, bothered with mortgages, debts, bills, sickness, worries of every blowing kind, I seen there was plenty to make up songs about. . ." Woody Guthrie IRELAND is increasingly becoming a 21st century mirror of America's Midwest in the 1930s , a region that became known as the Dust Bowl after a series of devastating droughts, windstorms and economic depression tore out its very soul. In Ireland today, however, we have no Woody Guthrie, no one to sing us through this mess, no one who can somehow lift us out of the worst of times. And who tells these tales of sorrow better than those in the Irish property market? Once the jewel in the Irish economic crown, it now lies forlorn, a victim not only of its own success but of the