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Bubble case-studies: Ireland and Canada

By Implode-Explode Heavy Industries

"In places where the bursting of the credit bubble is more advanced, such as Ireland, people are generally more interested in understanding what went wrong and what they can do for themselves and their communities. In such places, where homes may already only be worth 40% of the mortgage on them, there is more public recognition and discussion of the issues, even if there is still a great deal of collective denial."

Full post as published by Mortgage Lender Implode-o-Meter on September 01, 2010 (boomark / email).