This lady in Dublin believed the realtors, believed the media, and believed in the "housing ladder". And she's lost $100,000 already, and counting

So many lied in order to earn a commission.

So many believed, for so many reasons.

The commissions - they got pocketed, with the realtors and mortgage brokers making out like bandits.

The buyers? Well, quite frankly, they got f*cked.

Should have listened to HP.

Housing Woes in U.S. Spread Around Globe

DUBLIN — The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices swooning from the Irish countryside and the Spanish coast to Baltic seaports and even parts of northern India.

In Ireland, Spain, Britain and elsewhere, housing markets that soared over the last decade are falling back to earth. Property analysts predict that some countries, like this one, will face an even more wrenching adjustment than that of the United States, including the possibility that the downturn could become a wholesale collapse.