It is well documented on internet forums, blogs and other 'new media', but now some academic research has been conducted into the Irish media’s role in Ireland’s housing bubble.
The Why | Broadsheet.ie
The Role Of The Media In Propping Up Ireland’s Housing Bubble
Another way to look at the performance of the Irish media before the crisis is to consider that between 2000 and 2007, the Irish Times published over 40,000 articles on economic topics – but only 78 were about the real estate bubble, or 0.2 per cent of the total. In other words, any article that might have been critical about the housing market was effectively lost in a sea of uncritical reporting. That’s a very poor record for one of the most important economic events in Ireland over the last decades.
Irish Times articles’ titles mention in the research give an idea of the tone of the media coverage:
'Bricks and Mortar Unlikely to Lose Their Value’ (11 December 2002)
‘Prices to Rise as Equilibrium is Miles Away’ (18 March 2004)
‘House Prices “Set for Soft Landing”‘ (22 November 2005)
‘Property Market Unlikely to Collapse, Says Danske Chief’ (2 February 2006)
‘House Prices Rising at Triple Last Year’s Rate’ (29 June 2006)
and if ever an image illustrated the act of shutting the stable door after the horse has bolted.....
In a similar vein to many other facets of Irish life, the the Irish media don't do introspection, so don't be excepting a Mea Culpa any time soon.