Your just feeding the monster. Houses are a basic human right.
Edit 1: some ppl seem woefully ignorant of human right. Article 25 is the relevant one here
https://www.un.org/en/about-us/universal-declaration-of-human-rights
We didn’t fight for a century to obtain freedom from an oppressive overlord to have our government sell it off to more Machiavellian despots
https://www.thejournal.ie/investment-funds-selling-homes-swords-5884044-Oct2022/
25 comments
lol
Why build houses if only these groups with money can buy the houses?
People aren’t going to build houses for free.
Example: yourself.
>to have our government sell it off to more Machiavellian despots
Are the government the ones selling the houses to the funds?
No.
It’s private citizens.
Nothing that requires the labor of another is a human right.
>Houses are a basic human right
Wrong
Maybe a house should be a human right but a house is currently not a human right, not sure where you got that statement from.
Fffgg are to blame
Every day someone posts this sudo-communist nonsense.
Accommodation should be a human right, not home ownership.
This is one of the weirder posts I’ve seen on this subreddit, and that’s saying something.
The same funds gambling on default swaps with pension money.
What a load of bollocks.
There are more beneficiaries of housing sales and production than just “funds”. Contractors, builders, all relevant tradesmen, land owners, real estate agents, mortgage brokers and lenders, building control workers, surveyors, etc etc etc.
What you’ve done is cherry picked a particular part of building industries sales and used this to blame what you perceive as an injustice or infringement on our “rights”.
You don’t have the right to own a home. In most cases you earn that right. For some it requires a hell of a lot more effort and sacrifice than others. That’s just how it is.
If your goal is to either own property or have a more comfortable life financially, then the only person who can achieve that is yourself. Yapping about how unfair things are online won’t get anyone anywhere.
“If you remove the English Army tomorrow and hoist the green flag over Dublin Castle., unless you set about the organization of the Socialist Republic your efforts will be in vain. England will still rule you. She would rule you through her capitalists, through her landlords, through her financiers, through the whole array of commercial and individualist institutions she has planted in this country and watered with the tears of our mothers and the blood of our martyrs.”
Edit – it was a smaller world back then but the principle remains, now it’s the hedge funds etc.
Brit here. I may be misunderstanding the OP, but I think I kinda understand the point. We have two major problems over here right now that you may also have. Firstly, there are a lot of people who don’t trust the financial markets as a means of investment, so they retreat to bricks and mortar. These are generally older people who have savings or inheritance, and shut younger people out of owning housing. They have the cash and see being landlords as giving a return they won’t get out of Essex spivs in London playing the stock markets with their money for their own reward. The second (and perhaps more worrying) is that corporations are building large complexes on a rent only basis. Yep, they build the things and you can only ever rent. A bit like being a student in a hall of residence.
Anything that requires the effort of another human being is a not a “right” as you don’t have rights over another human. You have a right to access and own a home and there is assistance for that.
Housing is a privilege as it requires the knowledge or labor of another human being. Nobody owes you anything. Houses aren’t built on dreams. It’s built on the backs of hard-working tradesmen. The labor they provide has a value.
Great points OP. People obviously don’t properly appreciate the human right to shelter.
House are a basic human right?
Since when
That is the point. Government advisors have engineered a situation that a house is no longer achievable on an average wage. This is great news for developers and house letting companies. And Our politicians allowed this because in most cases they are not smart enough to realize the consequences of the policies the advisors and lobbyists steer them towards. Sometimes it’s just corruption, but in Ireland I’m willing to give the politicians the benefit of the doubt and blame it on simple irresponsibility and disinterested laziness.
Put yourself in the shoes of the housebuilder. You’ve just borrowed €100m and built houses. You can sell it to a fund right now for €150m or you can spend a year dealing with individual sellers and estate agents and their snag lists and shite for €150 million in dribs and drabs over 18 months? What are you going to do? There’s no incentive whatsoever to build houses for anyone else but funds in Ireland.
The funds are definitely under pressure now given rates going up and lack of cheap liquidity.
So this is set to change.
I don’t understand your point. Is someone else is responsible to manufacture materials, buy machinery, vacate some nice plot, bring communication, build the house – all for free, because the person doesn’t have any skills that can be useful and valuable enough to others to be exchanged for what the person wants and feels entitled to?
Sure just barter for the house ? Trade the builder a bushel of apples you’ve collected from the local orchard collective and they’ll throw the keys at you ?
Housing is a basic human right, and a job is also a basic human right (both a basic expectation for a dignified living).
Thankfully there is quite a simple solution to both problems: A government provided Job Guarantee (with any necessary training), geared towards building homes – which can actually generate a profit for the state – and where the workers in that program, have first dibs on the houses built (since they are building them), with state financing backing the purchase, and the Job Guarantee backing peoples ability to repay any financing.
It is the _perfect_ solution to the crisis, it can generate a profit for the state, and it can resolve the housing crisis faster than any other method. The only reason not to do it, is having a government that explicitly wants this lucrative crisis to continue forever.
more housing -> more rental supply -> lower rental prices
>Martin said the overall proportion of the number of houses that are bought in 2021 by non-household entities was 11,600 units or 20% of the total units purchased, he said.
So there’s still plenty of individual/family buying power.
I’d be concerned with the distortion and waste from the government paying inflated rents to investor landlords, instead of just buying or building the social housing stock themselves