In Search of the Pope's Children

These children were born early in 1980, coinciding with the biggest growth of the Irish population since before The Great Famine, 135 years before.

He meets a Scottish man living in Bulgaria who is very concerned that rental incomes from the properties will be much lower than the buyers expect.

McWilliams asserts that, like many other countries in the past, Ireland is progressing through a well-known seven-stage cycle (first described by Charles P. Kindleberger) in the property market.

He claims that the market is at the stage immediately preceding a price crash, and that it is inevitable that the Irish property bubble will burst.

He predicts that Ireland might get a poor deal out of a future European economy, as the interest rates will probably rise dramatically.