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Ineedamiracle wrote: » Cian O Callaghan TD when he asked the Tánaiste about international investment funds and their impact on people who would like to buy a home – he accused him of being ideological. That was in the Dail in the last week
“The solution is not to try and ban types of housing of ban types of housing investment,” he said. “While it might be the case that there are too many of these investment funds and they are too active in the market in Dublin, it doesn’t mean there is no place for them at all. He accused opposition parties of being “too ideological” when it comes to housing and insisted investment funds have a place in the Irish market. “I just don’t think we should so ideological and absolute about this,” he said. “It should never be about banning types of housing or banning types of housing investment. We need lots more housing, all types, and we need investment, both public and private.”
Finty Lemon wrote: » Is private enterprise precluded from the housing debate?
Ineedamiracle wrote: » So your disputing what was said. Tell me then what exactly are you disputing or is it a new nothing too see here, move along P. S ive seen the full zoom meeting, i know what was said
Ineedamiracle wrote: » The government’s plan to allow foreign investors, REIT’s and vulture funds to purchase the vast majority of new homes is in keeping with what Tanaiste @LeoVaradkar told those very entities via zoom only a few days ago. It’s policy. #StickWithUs Via @Trickstersworld on twitter The video of Leo saying this is on the twitter page
Floppybits wrote: » Then why are the government insisting on going down this route then? What you have said above seems perfectly reasonable to me and something that I would agree with and support but there is no way that what was released yesterday will be supported. I can see a U-turn coming on it. I also heard Leo Varadkar saying that they need to do something to stop vulture funds buying up all the houses.
Finty Lemon wrote: » What will you build for 200k?
Cluedo Monopoly wrote: » It was the Czech Republic Finty - don't be trying to pull the wool over my eyes...it doesn't work
Finty Lemon wrote: » 24x in Spain 15x in Finland 20x in Czechia 22x in Portugal 32x in France Irelands health system as measured by morbidity and mortality, coped very well. In relative terms.
Fann Linn wrote: » From the head of a real estate lobby? Really.
Marine Layer wrote: » What struck me as peculiar are the low numbers of houses involved? I mean what's wrong with building 10,000 houses in a year on public lands for 200,000 a piece That's just 2 billion, a fraction of what's spent on the pandemic payments Just borrow the money, charge a fair rent to buy a month, clear off the current living in hotels list and be done with it Not rocket science
Finty Lemon wrote: » https://www.irishtimes.com/business/construction/never-mind-critics-shared-equity-scheme-can-help-affordable-housing-1.4548146?mode=sample&auth-failed=1&pw-origin=https%3A%2F%2Fwww.irishtimes.com%2Fbusiness%2Fconstruction%2Fnever-mind-critics-shared-equity-scheme-can-help-affordable-housing-1.4548146 Not quite all media...
Fann Linn wrote: » According to all media quotes across the broadest spectrum it does.From political commentators to various economic spokespersons all headlining with the top figure.
Cluedo Monopoly wrote: » I am not sure how to take you seriously anymore given your random number generation abilities. I never did check that final country you had
McMurphy wrote: » Wasn't Leo pulled on this either during the televised debates, or on the radio with Pat Kenny or someone. He basically tried to downplay and muddy the waters ref vulture funds claiming they represented a tiny margin percentage wise of what properties they were buying. Leo had to be corrected that basically when an investment fund buy a block of apartments, or a complete estate, it gets counted as the one transaction, i.e a vulture funds company buying one apartment complex with 350 apts gets recorded the same as a couple buying a semi detached in Ashbourne. He wasn't too impressed about being pulled on it if my memory serves me correctly.
Cluedo Monopoly wrote: » It looks to be badly thought out - a tick-the-box effort in advance of the next election.
Finty Lemon wrote: » Got agreement from stakeholders on the TB forum which was a good first outing. €80million of farmers and taxpayers money at stake there. Commodity prices are high at the moment which is helping him to be fair.
Finty Lemon wrote: » That's not what it says though, right? Its an upper cap rate for Dublin and DLR not the whole country. The cap for other locations is more like 250k
Deleted User wrote: » McConalogue is going a good job. Doesn’t feature much in the outrage pits of social media.
Fann Linn wrote: » One that classes an affordable home as €400k for starters.
Finty Lemon wrote: » Which measures, specifically?
Floppybits wrote: » The housing strategy is a shambles. Absolute shambles.
The Government has been accused of being “on the side of cuckoo funds” rather than struggling families who are trying to find homes. During Leaders’ Questions in the Dáil, Fianna Fáil deputy leader Dara Calleary referenced revelations that 295 homes in Leopardstown, Co Dublin, have been bought by an “institutional investor”. Mr Calleary claimed “up to 3,000 homes” have been purchased by professional landlords in the past year alone and said hard-working families are effectively being locked out of the property market. “It’s clear Fine Gael is on the side of the cuckoo funds on this one,” he said.
Cluedo Monopoly wrote: » This is the RTE headline the day the government roll out their new housing strategy.https://www.rte.ie/news/primetime/2021/0504/1213801-mullen-park-investors-first-time-buyers-property-housing-estate/
'Locked out' - first-time buyers gazumped by investors
Local TD Catherine Murphy told Prime Time that her constituents are "absolutely enraged." She said there is significant demand in the local area from first-time buyers who can’t compete with institutional investors. "We have to take the financial advantage away that has been given to the international investment funds. That has to happen. And it could happen very quickly if there was a political will to do it."
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