Could you please stop posting unsubstantive comments and flamebait? You've unfortunately been doing it repeatedly. It's not what this site is for, and destroys what it is for. You may not owe rampant capitalistic behaviour better, but you owe this community better if you're participating in it.
This overly simplifies things, especially in regards to Ireland's housing market, and ignores the fact that our construction sector is still yet to recover after the 2008 crash.
Housing as an investment, combined with piss-poor government policy, have certainly not helped things though.