The €3,000 per month luxury welfare apartments

Jimbob1977

Housing policy is set at national level

Housing allocations are performed by Dun Laoghaire Rathdown's Housing Department.

Dun Laoghaire Rathdown is a hodge podge of Fianna Fail, Fine Gael, Labour, Green, Sinn Fein, Independent and PBP.

More likely the socialist parties looking after their voting base.

smurgen

Guy:Incognito wrote: »

Is everyone that owns property that isnt just a single landlord operating on their own, some sort of animal named fund now?

Or more precisely, bird named.

the portfolio of property will probably be set up and held in an Irish ICAV or REIT with the investor/master fund in German.

bunderoon

We're known internationally as Treasure Island.
This was overwhelmingly proven when junior and senior bondholders were bailed out. We actually borrowed money from the same funds that bail out said certain funds - at interest. Let that sink in. We borrowed, at interest, to bail out bondholders from the same bond holders. Double win.

After saving Europe with the banking crisis, you'd think that the money that we were lent would have been interest free...
But now. In the last 10 years of paying back other peoples debt, Ireland payed 60Billion in interest alone. ALONE!!!!! 6BM per year and that is growing. Imagine in just one year, that would pay for 3 children's hospitals for the country if we needed them..

Once Ireland was on its stomach, in comes the vulture funds and buy up the massive amount of property at 20-30% of it's cost price and then rent it out at full rental. Many on social welfare then use the state to fund (HAP) the rental price which goes to these vulture funds. It's nearly a double win.

Anyone got any info since on the Gardai raid on the Anglo tapes - or were they destroyed...


Then we have 3B broadband which will be 4B whenever its completed.
2B for the children's hospital when finished.
3m for a printers
The list is endless...

Pawwed Rig

Auguste Comte wrote: »

That's the Fine Gael way. Give public money to private entities and own nothing instead of investing the money and acquiring assets for public ownership.

Public ownership always works out more expensive tbf. We are not capable of it in this country.

enricoh

Do these eejit councillors not realize that when word gets out of this it'll inspire even more people to join the housing list.
I see Dublin city council voted to increase business rates to make up a shortfall this week. Just tax the suckers trying to make a go of things!
Theres no hope for this place, just get the imf back in n get them to do what needs to be done.

NSAman

A simple question:

If you earn the average wage 42K can you afford one of these? No is the answer.

I am struggling to think of what complete and utter cooked up, spin induced thinking (or lack thereof) thought this was a good solution.

Spending other people’s money is easy...the lack of accountability means no one will take any responsibility for this crazy decision.

Boggles

Pawwed Rig wrote: »

Public ownership always works out more expensive tbf. We are not capable of it in this country.

Eircom says Hello.

Dawido

It is not a good feeling to see how tax of hard working people (who spend most of their paycheck of rent and living expenses) is spent in this horrible way.

I would rather see people who work and rent get a social housing instead...

LoughNeagh2017

I plan to always live at my fathers house so that I don't have to pay rent as a lower tier poor man, it is easy for men to look down on you when they earn 40k a year as we've seen on the salary post. My fathers house has 4 bedrooms but my brother and nephew will probably inherit it so I will move out then, move out of earth I mean. I refuse to live with my nephew as he was raised by a Belfast mother, he is a loud mouth and is rude to me even though I am 20 years older than him.

Plumbthedepths

PeasantHater wrote: »

This is completely unacceptable, I'm trying to buy a property about 1km from this development, which, after the life of the mortgage is going to work out at over 800k.

How is it right that the majority of untermensch that will be housed here can bang out a load of kids and have 3k a month rent essentially for free????

My wife and I would love to have kids but due to the housing situation we currently can't afford to do so, might have to wait a few years until we save up enough.

I can't stand this swamp of a country that allows pond life to live off the hard workers.

When you view fellow human beings as 'untermensch' ( sub human) and pondlife it's prehaps for the best you can't have children.

boring accountant

Plumbthedepths wrote: »

When you view fellow human beings as 'untermensch' ( sub human) and pondlife it's prehaps for the best you can't have children.

If you decide to live at our expense we earn the right to look down on you.

It's the closest thing to a fair trade off we get in this country.

smurgen

bunderoon wrote: »

We're known internationally as Treasure Island.
This was overwhelmingly proven when junior and senior bondholders were bailed out. We actually borrowed money from the same funds that bail out said certain funds - at interest. Let that sink in. We borrowed, at interest, to bail out bondholders from the same bond holders. Double win.

After saving Europe with the banking crisis, you'd think that the money that we were lent would have been interest free...
But now. In the last 10 years of paying back other peoples debt, Ireland payed 60Billion in interest alone. ALONE!!!!! 6BM per year and that is growing. Imagine in just one year, that would pay for 3 children's hospitals for the country if we needed them..

Once Ireland was on its stomach, in comes the vulture funds and buy up the massive amount of property at 20-30% of it's cost price and then rent it out at full rental. Many on social welfare then use the state to fund (HAP) the rental price which goes to these vulture funds. It's nearly a double win.

Anyone got any info since on the Gardai raid on the Anglo tapes - or were they destroyed...


Then we have 3B broadband which will be 4B whenever its completed.
2B for the children's hospital when finished.
3m for a printers
The list is endless...

We are getting shockingly bad value for money. Suspiciously so.

Plumbthedepths

boring accountant wrote: »

If you decide to live at our expense we earn the right to look down on you.

It's the closest thing to a fair trade off we get in this country.

I suspect your bravery doesn't extend beyond the relative safety of an anonymous internet forum. ;-)

Kermit.de.frog

This sort of stuff is going to bankrupt the state.

It's exponential. Example Margaret Cash costing the state an estimated 60k per year - her income is tax free, never worked a day in her life.

The children will follow the same path and it will be the same again multiplied by 6 or 7 or whatever the number is in the end in her case.

This is happening up and down this country now. It's generational.

It's a dependency culture. A cancer in society being aided and abetted by governments who refuse to cap total benefit payments.

Now they get luxury apartments.

Nobody who won't work in this country should have a standard of living equal to those who do work.

I feel sorry for the rent and mortgage payers in the area. Every risk the complex becomes a sink estate too to rub salt in. Only takes a family or two.

That's the lottery the locals now face and we all pick up the bill in the end.

Nermal

Repulsive stuff. All one can really do is try to starve the authorities of revenue. Evade taxes as much as possible, shop online so that council rate base decreases and so on. Hasten the collapse, because that's what it will take for our equivalent of a Thatcher or Reagan to arise.

suicide_circus

do house/flat shares exist in social housing?

Samuel T. Cogley

Look on the bright side. 87 apartments worth of people not on the LUAS going to work in the morning! :pac:

Outkast_IRE

Anytime i see news like this i think back to Varadkar's speech about leading the party for people who get up early in the morning to work. He has fulfilled nothing on that front , it is worse than ever for the working man.



Health system a shambles , so need to protect their family with private insurance which is struggling now too with waiting lists increasing all the time. Another few thousand per family to cover a service the state should be providing.



Childcare costs increasing year on year, with less tax incentives than ever for a mother or father to take a few years out of work to raise their kids.



House prices rising year on year, so you cant afford to live where you grew up and came from. Rents are worse.



Inflation in the general economy is eating up the meagre pay rises most are getting.



Social welfare class is in a better position than ever. Brand new houses being handed over to them for a few quid a week. While genuine working folk saddled with mortgages of over 1K per month at least. For the love of god, limit child benefit to 2 kids total if unemployed. If you are contributing significantly to society you get child benefit for each kid.



Fine Gael are on the road to a hiding in the next election. The problem is there is no good alternative. They are all left of centre now, all the parties want more refugees and asylum seekers , even though we cant house our own. Lets sort out our own problems first, then we can give a hand solving the refugee crisis the USA has caused by bringing down stable regimes all over the world and leaving destruction in their wake.



https://www.irishtimes.com/news/politics/varadkar-wants-to-lead-party-for-people-who-get-up-early-in-the-morning-1.3090753

Cal4567

Just logged in here for the first time for months.

It gets worse. This is only a 25 year leasing deal. At the end of the lease period, the apartments revert back to the fund. Poor value for the country.

Kermit.de.frog

suicide_circus wrote: »

do house/flat shares exist in social housing?

In private rented one of the biggest loopholes/scams for years is boyfriends earning - living with their partners, providing income - the partner not telling the council.

When there is an inspection the boyfriend gets lost for the day.

It's rampant because councils don't have the resources to do any due diligence.

I suppose that's a form of house share.

BDI

To think they could have bought all the boarded up hotels in Ireland for that money. Put the women and men in different hotels. That should be life on the welfare. Theyd be able to sell half the hotels in six months because suddenly the houseing issue would start solving itself.

boring accountant

boring accountant wrote: »

This has just crystallised my decision to gtfo of this s**thole.

I'm a fool for staying as long as I did.

It's worth considering though that once you leave, it'll probably be too expensive to return (there's no chance of me being able to return until my mortgage is paid off). Also you won't tolerate the idea of spending so much to live in Ireland when you can have a cheaper lifestyle abroad with the same (or better) conditions. I do miss good bacon though.

I'd highly recommend Asia though. Absolutely booming for foreign work.

171170

Jimbob1977 wrote: »

Housing policy is set at national level

Housing allocations are performed by Dun Laoghaire Rathdown's Housing Department.

Dun Laoghaire Rathdown is a hodge podge of Fianna Fail, Fine Gael, Labour, Green, Sinn Fein, Independent and PBP.

More likely the socialist parties looking after their voting base.

If you think this story is bad, just imagine the amounts of money Councils around Ireland would have to shell out if Eoin O'Broin and his fellow Sinn Fein idiots manage to succeed in amending the Constitution to provide for a legal, constitutional right to a home.

If it ever happens, Eoin O'Broin will be the toast of the so-called Vulture Fund investors for the rest of his life!

Cal4567

171170 wrote: »

If you think this story is bad, just imagine the amounts of money Councils around Ireland would have to shell out if Eoin O'Broin and his fellow Sinn Fein idiots manage to succeed in amending the Constitution to provide for a legal, constitutional right to a home.

If it ever happens, Eoin O'Broin will be the toast of the so-called Vulture Fund investors for the rest of his life!

Actually I think SF policy would be to put as much of this new social housing on existing state lands.

Idbatterim

Plumbthedepths wrote: »

When you view fellow human beings as 'untermensch' ( sub human) and pondlife it's prehaps for the best you can't have children.

He’s right. There is a total underclass here that are bent over backwards for ! Endless excuses trotted out for them! It’s the worlds biggest apologist state. Always the victim , never to blame!

Idbatterim

Nermal wrote: »

Repulsive stuff. All one can really do is try to starve the authorities of revenue. Evade taxes as much as possible, shop online so that council rate base decreases and so on. Hasten the collapse, because that's what it will take for our equivalent of a Thatcher or Reagan to arise.

How’s this for not giving the **** a cent more than I need too ? Filling up the petrol tank in newry when I’m up that way , even when it cost slightly more up there than down here. A few euro more on a hundred pound fill. But the satisfaction? Priceless!

I buy most stuff online and not from here to avoid the revenue going to bookies , pubs , jd sports etc. the next car I get , getting something with dirt cheap tax, their not getting e1809 again. To waste it all on ****e!

171170

Cal4567 wrote: »

Actually I think SF policy would be to put as much of this new social housing on existing state lands.

And, while these tens of thousands of wonderful forever social homes were being built, which, as we well know would take decades, where do you actually think that Sinn Fein would accommodate the homeless?

Idbatterim

Casey needs to start a new party. Of course he’s a **** communicator etc. it doesn’t really matter. Plenty of us prepared to vote for policy not personality. Totally bizarre that there isn’t even a credible centrist party to vote for here after roughly a century of ffg failure !

lawred2

Everyone wants the 'housing crisis sorted' until they see how this Irish government sees fit to go about it... Basically shafting working people to bestow significant luxury on the work shy while transferring large sums of taxes collected into private hands.

It fûcking stinks

Idbatterim

I can’t stand nimbies , but if there is a protest down there about it , sign me up !!!