abstract:Speculative Fever is a term used in the housing market which represents the frequent action of buying and selling housing properties. In the case of Speculative fever, the buyer and seller has no intention of ever occupying the house, only purchasing it for the sole reason of selling it off for a profit.
The prosecution of the Quinns has reawakened nationwide anguish and finger pointing about the reasons for the cataclysmic collapse of the Irish economy which had sailed so high on speculativefever for nearly 15 years.
But most economists and people in the mortgage business say the correction, when it does come, will be limited to certain areas--California, parts of Florida and elsewhere in the Southwest--where the speculativefever has been the most frenetic.