He calls for a state building company to build thousands of homes, the same state that has a poor track record on delivering any sort large infrastructure projects.
An infuriating read. I’m fortunate enough to own my own place, so I can’t imagine what it would be like for a member of generation locked out reading it.
Zero affordable houses built last year. A few hundred built this year. The target is 30k houses a year .. that’s not missing a target, it’s setting a target to appease the masses in the short term with zero intention of hitting it in the long term.
Complete and utter shambles. How we’ve not taken to the streets is beyond me.
And yes, yes, yes this bulk buying of property by investment funds is a global issue but it’s an issue in this country because successive governments have enabled it and have done nothing to prepare for the long-term fall out that it causes.
If you are interested, this man was on Eamon dunphy podcast the stand yesterday. After listening to it, all I can think is the country is sewed up by the vulture funds, the ruling class, landlords… At this point, we’ll be pining for the British to colonize us again. The country is gone.
No shit. Imagine seeing the government ministers individual broker accounts with investments in REITs fucking EVERYWHERE. Because that’s exactly what’s happening right in front of your eyes.
The only way to reduce short term price pressures on rents is to increase the housing supply.
Let them build what they want. Not every new housing project will be a step in the right direction. Just.Build.More
It is so obvious at this stage that FG in particular are just middle men for the investment funds that I don’t see how even traditionally wealthy FG voters can justify voting for them. Allowing investment funds to control the housing market will destroy the future prosperity of the State and its citizens.
It always makes me chuckle how you’ll have the right wing FF FG lads on here still convincing themselves that profit seeking developers will willingly flood the market with 2k p/m BTR 1 bed apartments to bring the prices down significantly as a favour to us, while reducing their margins and increasing their risk.
13% of new builds in 2021 went to funds. New builds represent less than half of all sales last year. I don’t have the figures but some of that 13% almost certainly wouldn’t have been built without the funds paying for them in the first place. Rory Hearn is full of shit. Is there anybody in the country (bar maybe Sinn Fein or Frank McDonald?) that objects to more housing than him?
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He calls for a state building company to build thousands of homes, the same state that has a poor track record on delivering any sort large infrastructure projects.
An infuriating read. I’m fortunate enough to own my own place, so I can’t imagine what it would be like for a member of generation locked out reading it.
Zero affordable houses built last year. A few hundred built this year. The target is 30k houses a year .. that’s not missing a target, it’s setting a target to appease the masses in the short term with zero intention of hitting it in the long term.
Complete and utter shambles. How we’ve not taken to the streets is beyond me.
And yes, yes, yes this bulk buying of property by investment funds is a global issue but it’s an issue in this country because successive governments have enabled it and have done nothing to prepare for the long-term fall out that it causes.
If you are interested, this man was on Eamon dunphy podcast the stand yesterday. After listening to it, all I can think is the country is sewed up by the vulture funds, the ruling class, landlords… At this point, we’ll be pining for the British to colonize us again. The country is gone.
No shit. Imagine seeing the government ministers individual broker accounts with investments in REITs fucking EVERYWHERE. Because that’s exactly what’s happening right in front of your eyes.
The only way to reduce short term price pressures on rents is to increase the housing supply.
Let them build what they want. Not every new housing project will be a step in the right direction. Just.Build.More
It is so obvious at this stage that FG in particular are just middle men for the investment funds that I don’t see how even traditionally wealthy FG voters can justify voting for them. Allowing investment funds to control the housing market will destroy the future prosperity of the State and its citizens.
It always makes me chuckle how you’ll have the right wing FF FG lads on here still convincing themselves that profit seeking developers will willingly flood the market with 2k p/m BTR 1 bed apartments to bring the prices down significantly as a favour to us, while reducing their margins and increasing their risk.
13% of new builds in 2021 went to funds. New builds represent less than half of all sales last year. I don’t have the figures but some of that 13% almost certainly wouldn’t have been built without the funds paying for them in the first place. Rory Hearn is full of shit. Is there anybody in the country (bar maybe Sinn Fein or Frank McDonald?) that objects to more housing than him?
https://twitter.com/seamuscoffey/status/1537113557208387584?t=GoqpaeKLB-UKx0w81tyO5Q&s=09
>In a not-so subtle twisting of language
Coming from him. Dear god.
Of course though, they’re _very_ against individuals making their own investment funds. You know, deemed disposal and all that.