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Ireland also had that problem. Britain does too, but the supply of houses is kept short by restrictive planning and high immigration meaning the bubble won't burst for a few years yet. This situation was deliberately created by our last (Labour) government. First time buyers are priced out whilst older folks make a killing and don't give a fuck about future generations because they won't be alive when the country goes to shit - that last partis basically what some older people have told me.
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