We demonstrate how society-wide intergenerational transmission of trauma, ignored in economic models drove the Irish property bubble. Ireland’s ‘obsession’ with property owning is a psychic attempt, through repetition compulsion, to transcend the traumatic past and ‘inhabit’ an idealized pre-colonial fantasy land. We also explain why the property bubble is almost inevitably being re-enacted so soon with no apparent learning.
Ryan, Paul, Richard Taffler, and Clare Branigan. "The Intergenerational Transmission of Trauma and the Irish Property Bubble." In 28th Annual European Real Estate Society Conference. ERES: Conference. Milan, Italy, 2022.
Section: Housing