UK fund snaps up 85% of Dublin 17 housing estate originally aimed at individual buyers

Did you read the link or just interested in spreading disinformation?

First they were apartments, then they were 3 and 4 beds, now they've been 'hoovered up'.

They were released in Dec 22, they managed to sell 3 to private buyers, 4 to the council, and 1 to a private fund. The deal with the investment fund was completed a year later in Dec 23 at not far off what they were selling for originally.

They are now on the market, the market will decide whether the rents are ridiculous or not, not you or me, and the market will also decide whether the investment was worth the risk, that's entirely on the fund.

At the end of the day there are more houses come to market, and the only solution to demand is more supply, not 'imagined' affordable supply or affordable rental, just supply. When there's enough supply, demand and cost both fall, there is no such thing as low cost occurring at the same time as high demand, despite what SF would have you believe.

Let me guess, someone tile home apartments are a bad investment in Ireland ...should buy a house ...

On no level should we be encouraging private bulk purchases for or of social housing and guaranteeing rents. Its financial madness frankly of tax payer money. But its typical of this late stage capitalism where risk is thrown around and agility. But its a cover for socialising private risk.

If we've learnt nothing from the billions upon billions per year squandered of public finances we need to start controlling the supply chain. Many business are coping on to this now. Sensible procurement practice.

Manifestly it's a national issue requiring national response.

This whole situation is really disillusioning.

Continual government inaction on housing issues shows how much contempt politicians have for the average Irish person and sadly with our 2 leading parties being in coalition with each other it means there is no incentive for either party to have a revolutionary policy on housing as they can retain power without changing a thing. It was a really dreadful thing for Irish politics , democracy and the country as a whole when FF and FG went into coalition with each other.

The housing problem could have been fixed years ago if the government saw that the private market doesn't achieve optimal results for the country when it comes to housing and that housing needed to be considered infrastructure an this could be handled directly by the government building thousands and thousand of houses themselves for sale and rent to people by essentially setting up a national house building agency/company.

In general I get the feeling that political parties in Ireland are very content to never really fix any issues that impact the country so that the majority of the population become completely disillusioned with politics and don't vote so only the hard core of support for each party votes giving job security to all the politicians in the country.

Should we not all be celebrating that new rental units are being added to the market? I thought the big problem was not enough rental units and that the Government was not doing enough to ensure rental supply.

If renting wasnt a source of major social disgust, why was the eviction ban overturned and why does the government have no scheme to pay rent for lifelong renters in retirement. Allowing old people or those who never missed a payment of working age to be evicted is treated them as less than human and is a crime against humanity. But they are renters so home owners see them as dead money and not worthy of human rights. If renting was secure for life and socially accepted the housing crisis would be solved.

Someone ban this guy

I don't. Speak for yourself.

I'd agree only for your getting ridin sideways for rent.

Won't someone please give me a house with front and back gardens, and a driveway for my car, in the area I want to live. Not only do I expect it, I deserve it.

The difference is the previous generation didn't expect anything, they were happy with what they got.

You think you deserve a house with two gardens and a drive for your car, where you want, for the price you want to pay, by virtue of the fact you are young and employed?

Did you believe as a kid, that you deserved every toy you wanted? That is not the way life works in the grown ups world. There aren’t enough houses with two gardens and a drive for everyone who wants one, even those who may most deserve them, and I wouldn’t put entitled young people at the top of that particular queue.

You seem to want the State to provide you with the opportunity to get what you think you deserve, you are s**t out of luck kid.