Did property journalists mislead investors?

[questionmark]

If the British property market resembles a shrivelling party balloon, in Ireland it looks more like the aftermath of the Hindenburg disaster. The bubble that started growing in the 1990s and accelerated out of control after 2002, when Ireland joined the euro, eventually burst spectacularly in 2008, and has yet to show any signs of recovery.Since the crash, those who lost a fortune or who have been left with unsellable property have been looking for someone to blame.

Now a hate figure has emerged in the form of the property journalist.

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Wow, are they going to sue the pope next for their losses?

[keithisco]

End of the day.... we are all responsible for our own investments. If the Irish investors believed that buying property abroad was something they wanted to do then they only have themselves to blame for not investigating thoroughly the pro's and con's of such investments. My own investments in Spain were just in land with the potential for building at a later date, and as a result, although taking a small hit on the value, nevertheless has the ability to return a reasonable ROI.

Too many people were greedy, never believed the housing bubble would burst, so off they went to Albania and the suchlike, buying marginal properties at ridiculously low prices, and the tourist industry that would have supported the investment never grew at the rate they were hoping for.

No tears here for these people. The only people that they can blame are themselves