Ireland Is Tearing Down Thousands of Empty, Brand New “Ghost Homes”

Ireland Is Tearing Down Thousands of Empty, Brand New "Ghost Homes"

Phoenix, Madrid, even Astana: These are the cities we tend to hold up as examples of the havoc that construction booms—and busts—can wreak on a housing market. Ireland is in the news less, but its situation is just as dire; thousands of brand-new Irish homes have sat empty for years. And now the government is demolishing them.

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