Real Estate /
Poland's apartment prices continue to fall [1844]
No contrast, when you have property 5-8x average earnings its so un-affordable prices can/will fall and wages will rise.
Wage rises cause inflation, inflation supports property prices for the most part - unless there is sufficient unemployment
up to their eyeballs in negative equity
A number of non natives do just walk away from their debts in the UK - somehow they manage to give creditors the slip. That can't happen in Eire? It was in the British media a month or two ago that non Britons were running up tens of thousands in debts and then absconding from the UK, sometimes returning and doing it all over again. I can't find the news link right now. Here are related links.
immigrationmatters.co.uk/crackdown-on-immigration-fraud-%E2%80%93-banks-and-ukba-to-share-information-on-debtors.html
news.bbc.co.uk/2/hi/7912548.stm
askmrcreditcard.com/creditcardblog/can-credit-card-companies-go-after-you-if-you-leave-the-country
uk.answers.yahoo/question/index?qid=20090903135139AAN01h8
birminghampost.net/birmingham-business/birmingham-business-news/financial-business-news/2009/09/24/foreigners-flocking-to-uk-to-clear-debts-quicker-65233-24768097