The so-called Celtic Tiger brought about a property-fuelled craze that saw many people invest their live savings and beyond in properties with hyper-inflated prices.
The Tiger soon turned into a whimpering mess as property prices crashed, leaving many in negative equity for decades to come.
And worse still, some of those who bought big and paid big money, may have been living in death traps all along.
It all started with Priory Hall, a development condemned by authorities after being deemed a fire hazard.
Since, many other developments out there are also known to fail basic fire safety standards, according to sources in the Dublin political spectrum.
The recent blaze at the Grenfell Tower high-rise in London, which has killed at least 17 and grievously injured many more, may well become the catalyst for a full review of the past and current safety standards in the construction industry here.