The Ghost Towns in Ireland: a Grim Reminder of Speculative Bubbles

[Corey Dutton]

A recent article from Curbed.com about the “ghost towns” in Ireland, gave me a chilly reminder about the craziness of speculative real estate bubbles. The ghost towns in Ireland refer to the thousands of homes that were built during the real estate bubble, that have never been lived in or even completed. In fact, photographer Valérie Anex published a photo series titled, “Ghost Estates,” which documents the horror of the overbuilding that took place in Ireland prior to the crash. Some of the photos taken by Anex of these ghost towns can be viewed on Curbed.com. Take a few minutes today to look at some of the photos of these “ghost towns” in Ireland. For me, it was a grim and sad reminder about how speculation can lead to insanity.

(Source: Curbed.com: http://curbed.com/archives/2014/05/27/an-eerie-look-at-irelands-suburban-ghost-towns.php)

Posted by Corey Curwick Dutton