Where to start?  How about what happens when you buy totally into deregulation by leaving it all to the industry–builders in this case?  Or what happens when starry-eyed governments let banks off the hook for the economic collapse their financial excesses did much to bring about?  What happens is folks owe 350K on condos they can’t even enter.   Restrain me!  It’ll be easier than restraining the seething Irish if they lose it. http://www.nytimes.com/2012/09/04/world/europe/in-ruined-apartments-symbol-of-irelands-fall.html?smid=pl-share