Rory Hearne Lecturer in Social Policy THE GOVERNMENT BOTTLED it. When faced with the clearest of choices between taking measures that would benefit Generation Rent or continuing to support the cuckoo funds and Real Estate Investment Trusts, they backed the investors and the markets. The investor fund measures are meaningless.
The Government measures have sent the signal to the markets – Ireland’s homes remain a highly lucrative asset for your investments. Vulture and cuckoo Real Estate funds remain central to the Government’s housing and economic policy.And Generation Rent, Generation Locked out, Generation Stuck at home, and our children’s children will pay a massive price in lost dreams, stunted ambition, emigration, lost lives, poverty, and homelessness.
These measures could mean we are likely to see a major expansion in funds buying up land in order to put in planning permission for build to rent apartments. Any Irish developer or builder seeking to build low-density houses, or affordable housing providers will not be able to compete with these funds in the purchase of the fundamental ingredient for housing – land.
Related Reads 14.05.21 Opinion: 'The consequences of turning a deaf ear to voters on housing are political dynamite' 12.05.21 Renters facing 'impossible situation' as new report shows drop in number of homes available 09.05.21 'I feel constant shame at our situation': Your stories of Ireland's housing crisisJust take NAMA, for example, it’s a state agency owned by you and me.
The People Before Profit doctrine.
This you ?
I find it quite unbelievable how someone who got 591 votes in a general election campaign gets so much airtime....
The good Dr for Social Policy fails to mention that IRES REITs stock is actually down this month on the restrictions. The tone of these articles is getting more hysterical by the day, we could do with some reasoned commentary and analysis