And while father of the Dáil and west Cork TD, PJ Sheehan, made his remark in harsher times, even he might raise an eyebrow at the €4 million price tag of a house in his Castletownbere constituency.
Otter Lodge, at Waterfall is just outside Castletownbere and is a new market entry with estate agent, Dominic Daly.
Despite talk of recession, it’s heartening to know that there is still money out there — enough to lash a good few million on a house. And while multi-million sales take time, there is still a cohort of buyers in waiting for the right property in the right place.
Otter Lodge looks set to be the big, west Cork sale of the autumn. At the guide price, it represents lotto win money to some, but for others it’s a convenient way to get around annoying coastal planning strictures — where you can’t build, you buy.
With Otter Lodge, a buyer can nab an almost new, low-maintenance property bounded by the waters of Bantry Bay.
The house is described as being like the bridge of a ship by Dominic Daly and you can see why. Set on a high plateau, the land drops on three sides to the water and the main focus of the property is due south — out to sea.
It faces over Bere Island and Lawrence Cove and has Hungry Hill as a backdrop.
Views are jaw-dropping and privacy is guaranteed by a shelter belt of woodland to the rear and the vast expanse of Bantry Bay to the front.
A simple property, Otter Lodge was built on this hallowed coastline because its owners are locals. Nearby, however, the level of blow-ins is stellar. Next-door-but-one is Neil Jordan, who’s in town filming with Colin Farrell, and the necklace of other neighbours include financiers and well-heeled ex-pats.
However, the visitor sees little once inside the grounds of Otter Lodge, which holds a promontory position on to the sea that allows two access points — a beach and old famine-style mooring.
The house is a simple-enough affair with main rooms using the aspect and panoramic views. Built in a H-design, it’s a roomy and individual property with much entertaining space and grounds that would allow a significant extension.
There are a finite number of properties in locations like this. What remains of the coastline is now fiercely guarded by planners so demand pushes prices up. And the rarity of this property is sure to be appreciated by those looking for a coastal position.