I live in SF and my two brothers live in SD. When my parents bought their current house in 1987 it was bought for about 40K old Irish pounds, which was about $60-70K US at the time. Ordinary “semi detached” on the (then) outskirts of Dublin in an Ordinary neighborhood. They probably could have sold it at the peak for at least $400K US, but most of that rise was in the 3 years preceding the peak, so it’s nothing short of ridiculous.
My brothers and I lament the current state of Irish Society. You have entire generations of “Celtic Cubs” who knew nothing but good times, and lived in the belief that not only could things not get worse, they were only going to get better. Of course, I’m the last generation who remembers the bad old days of huge unemployment and mass emigration.
A lot of people (including many who should know better!) are in for a rude surprise.
