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Page added on February 27, 2006

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Stranded assets

Following the inevitable crash due to an implosion of the current insane debt and tax break fuelled Irish development bubble and severe reduction in oil supplies, there will initially be a wide range of distress sale, stranded assets up for grabs at knock down prices.

..Severe reduction in oil supplies and the related hike in air, sea and land transport costs will pretty much kill off the Irish tourism industry. This will lead to a huge number of related properties, and facilities, already in ludicrous over supply in many areas, being dumped on the market at bargain basement prices :

VERDICT – Sell Now before the rush starts.

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