{"id":322619,"date":"2026-02-28T23:57:10","date_gmt":"2026-02-28T23:57:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/322619\/"},"modified":"2026-02-28T23:57:10","modified_gmt":"2026-02-28T23:57:10","slug":"mark-keenan-irelands-property-bubble-really-burst-20-years-ago-in-2006-while-those-in-the-know-played-a-double-game","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/322619\/","title":{"rendered":"Mark Keenan: Ireland\u2019s property bubble really burst 20 years ago in 2006 \u2013 while those \u2018in the know\u2019 played a double game"},"content":{"rendered":"<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-91174671_secondary indo-1d70522a_marginbottom4 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop4\" style=\"color:var(--color-primary-80)\" data-testid=\"title-summary\">The crash really began around Easter of 2006, when many politicians, the property and banking sector, and some economists and journalists publicly denied that there was anything wrong with the property market, while privately looking to offload vast tranches of property or related interests\n<\/p>\n<p><img decoding=\"async\" alt=\"Unfinished homes on a ghost estate in Keshcarrigan, Co Leitrim after the Celtic Tiger crash. Photo by Aidan Crawley via Getty Images\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/02\/72d95f01-3652-4331-aab7-35d1ab2d5bbe.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">Unfinished homes on a ghost estate in Keshcarrigan, Co Leitrim after the Celtic Tiger crash. Photo by Aidan Crawley via Getty Images<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">There mightn\u2019t have been a British Empire had it not been for exotic tulips.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Just at the point when the globe-dominating Dutch Republic had reached its pinnacle as the world\u2019s wealthiest empire, a significant tranche of its citizens, rich and poor like, were rendered penniless overnight.<\/p>\n","protected":false},"excerpt":{"rendered":"The crash really began around Easter of 2006, when many politicians, the property and banking sector, and some&hellip;\n","protected":false},"author":2,"featured_media":322620,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[149882,894,23159,61,60,982,43],"class_list":["post-322619","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ireland","tag-anglo","tag-bertie-ahern","tag-dublin-property","tag-ie","tag-ireland","tag-mark-keenan","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/322619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=322619"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/322619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/322620"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=322619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=322619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=322619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}