Despite the contemporary global financial crisis and the euro area crisis, Irish unemployment rates peaked below 1980s levels and, helped by stronger labour market developments in UK, started to turn down from 2012. (c)  Asset prices: much larger swings in the recent crisis  Here there is a big contrast. The early case did not show huge shifts in asset prices.
1980 marked the peak of a house price boom; equities also peaked in that year, but these peaks were small relative to what happened in the 2000s. Real house prices hardly moved up before 1977 and then only by about 25% total. Likewise they didn’t dip much below the 1970s median.