“You are taking these homes away from the buyers” @LouiseByrneNews speaks to Peter Melrose, a disappointed first-time buyer who was hoping to purchase a home in Mullen Park in Maynooth | #rtept | Read more: https://t.co/2PYeEtOx6A pic.twitter.com/ap46ryrlMG
— RTÉ Prime Time (@RTE_PrimeTime) May 4, 2021
Last night.
Prime Time on RTÉ One.
Yesterday: Estate Of The Nation
Meanwhile….
Bay Meadows in Dublin 15
Via The Irish Times:
A global investment company has been involved in the acquisition of a new development of 112 houses in north Dublin in order to rent them out.
Round Hill Capital is the same company which also bought most of the houses in a Maynooth, Co Kildare, housing estate.
The company, together with SFO Capital Partners, has acquired Bay Meadows in Dublin 15, which it describes as “high-quality suburban family homes”.
Investment firms buy estate of 112 new houses in Dublin to rent out (Irish Times)
Why is this ‘suddenly’ news. Our dear leaders have been at this for years.
Someone has even created a handy online map – https://dublininquirer.com/2021/04/28/mapping-dublin-s-growing-constellation-of-company-landlords
Thanks for posting the link. I’ll be waving that site in the face of any FFG’s that come looking for my vote in the next Gen Election
The unintended consequences of building houses the first place… if only we just stopped trying…
History repeating itself
The Absentee Landlords are back
fsake
all they have to do is let the Local Authorities build f’ing houses
instead of extracting contributions from Developers
100% agree, all these places are just going to be rented back to them anyway, under some 3 letter acronym
You can already write the post-script to this with the usual exculpatory guff.
Needless to say, those who did the damage will be long gone when a bad situation clearly got worse because of this.
V-they were “sold” ages ago just getting recorded now,can only imagine the pipeline of deals coming,squeaky bum time for FF.
It’s a lane deliberately created by FFG,they own it.
Also, “Bay Meadows”… seriously it’s in D15, outside the M50, not a bay near the place…
Map:
https://www.google.com/maps/place/Bay+Meadows/@53.4220869,-6.5017792,11z/data=!4m5!3m4!1s0x0:0x38ccba6628b13416!8m2!3d53.4220869!4d-6.3704583
Parking bays maybe?
Bay horses?
Fair play to that guy interviewed, he spoke really well and conveyed the deep frustration with the government amongst FTBs.
Dangerous trend. A two income family or single person may be able to fork out high rents now, but what happens when they retire, with zero equity? They become burdens on the State.
The provisions to allow people to access credit and buy their own home have never been so limited.
I don’t know who the dopes on a rope paying the rent are intended to be for this investment vehicle (individual families? FAANG corporates? county councils?) but if it is individual ordinary people then a very visible and noisy boycott campaign of this and other similar estates would soon put a halt to this type of vampire squid activity….
this only exists if people are willing to pay for it
Like in Cherrywood, over 90% will go to councils
We are governed by corrupt scum. That’s all there is to it. They do not give a damn about their own country. Its all about short term profit, making international connections with big money and retiring on a huge state pension. This is the what we go through every 4 years with our political system. Modern politicians do not represent their constituents, thats not their job as they see it, they don’t care at all. Their job is being a politician and getting voted in at every election. The bit in the middle is wrangling as much cash as possible for themselves and their golden circles. That’s Ireland. It has been this way for a long, long time.
heemmmm
Incompetent – who are also easily influenced, mostly
but incompetence in itself, is a form of corruption – something on the way establishing this, so
you know, stay tuned
True, there’s a type of Irish politician who pretends to not know whats going on, while they manoeuvre behind the scenes towards accumulating wealth. Bertie Ahern was the template for the modern age. (A minister for finance without a bank account! Ha ha!…come on)
Is this an Irish cultural thing? Or is it just a coincidence that most of the corrupt countries in the EU are all catholic countries? Or were abused by the Roman Catholic system. I dunno, but its something.
Is this an Irish cultural thing? tis
Kinda
I would say that its the Institutional abuse we never really shook off
They bate an inferiority complex into us until we accepted that we were never good enough to join others at the top table
Others – the Church, The Judges, The GPs, The Bank Managers, The Political Dynasties, The Big Housers etc would always be better than us
so now we elect people we know aren’t very smart so that we can feel on par
or spot their weakness’ and uselessness for ourselves and slag them off amongst ourselves – be cocky like
our best and brightest stay out of politics, and public service, or just eff off
well that’s what I think anyway
an excellent observation!
the pair of ye are on to the root cause there, no doubt
To throw off our shackles we need to take back control of the schools from the churches? Then the next generation won’t have that inferiority complex
What Junkface said…its all just become sickening
Fatcat TeeDees above in Dáil Éireann smoking fancy cigars and quaffing champagne bought with the sweat of the working man and our television licence fees! Turf the lot of them out and melt down their golden spittoons to pay for prams for the poor starving babbys I say
Healy-Rae, is that ooo?
Burn ’em down.
the Dail ? bit drastic but possibly effective
Junkface, I think that’s the best description of politics in this country that I’ve ever read. Personally, I don’t think it will ever change, too much money in the game for those that get elected, why would they want to change anything.
Thanks Perricrisptayto, I’m planning to watch the Prime time doc later this evening online, if possible with the RTE player, but those ad loops jesus. This issue makes me so furious! Its one of the reasons I had to leave Ireland and live abroad. I hope I don’t explode before I finish it.
Irish people, journalists, investigators MUST use the information age to expose all of the corruption in politics. We must make these corrupt charlatans miserable enough to quit politics for good, non stop questioning and probing into every detail of what they do (and what assets they have, wealth gains, bribes) in the name of Irish voters, so only the most ethical people politicians can ride the storm. Irish politics needs a massive clean up, or else we face more disaster for future generations.
Don’t disagree but the problem is the type of person who is attracted to a career as a politician is strongly motivated to do so for reasons that most people don’t seem to embody. The majority will express opinions on the subject-du-jour, crib about how inept, corrupt, incompetent etc. elected representatives are but won’t do much personally or collectively to address the perceived imbalances or take a gamble and exhaust time, energy and mental well being in attempting to rupture the political status quo. I include myself in that cohort.
Generally your commoner-gardener politician is someone who has been lubricated and eased through the mechanics of the political system starting with local politics and leveling up thereafter. In a lot of cases such persons are connected to “industries” that segue very well into the operation of the establishment and where a symbiosis can be maintained. The size of the island is such that if you put your ahead above the parapet and embark on a “career” in politics you’ll inevitably and unavoidably rub shoulders with the local and national captains of industry, those big fish in our small pond or friends of the “party.” Monkey see, monkey do what monkey told by the party silver-backs in terms of maintaining those relationships.
Outside of that you’ll have your firebrand Independents who may be naive or who get swallowed up without the necessary organisational machinery to support them or, disaffected and dismissed former party-men who still walk, talk and quack like a political party duck.
Leaders and visionaries don’t come around often. I’d be hard pressed to name anyone internationally who would fit that bill never mind Ireland. The system is structured to favour a particular type of person as a candidate for a political career and until the system facilitates an easier means of people involving themselves actively in politics i find it difficult to see anything change. It’s a bit of a joke-shop finger-trap.
Hope lies in the Proles and all of that jazz – hard to knock the power or truth in Orwell’s observations on how the status is maintained and weighted to favour the game.
very well said,
the system does not work for the people
Lots of truth there Fergalito. I can’t argue with that. I would hope that some change in politics is possible as I believe strongly in having an optimistic outlook and action. Why do so many other EU countries manage their housing industries and social housing better?
Just wondering if these companies still set themselves up as charities?
“We look forward to building on the first success of this venture to further expand our portfolio across Ireland.”
Bickford CEO.
Hm-what could possibly go wrong with a rich spoilt polo player as your absentee landlord….
“Michael plays high goal polo competitively in England, Spain, France and the United States. He started playing polo at a young age with his father in Vermont and today plays against the top players in the world by competing in the Queens Cup, British Open, Gold Cup in Spain, and the high goal tournaments in Wellington, FL. La Indiana is the team name and is considered one of the most competitive teams in the world today. Michael was ranked the best polo Amateur in the world last year.”
https://en.m.wikipedia.org/wiki/Michael_Bickford
Thanks FFG.
Bitcoin was invented so that young Irish people had a hope of ever getting on the property ladder :)
Definitely should be handled by local authorities, affordable housing is so not what it says on the tin
ha so true
so, all the back scratching the Gov. do for developers.. what exactly do they get back from it? They give Devs tax breaks, land, funding, all sorts! and in return they want houses. But then this happens.. and often. Our Gov. are just the worst negotiators. They give away everything and come back with very little. It’s almost as if.. having a system that gives us ex-primary school teachers as leaders.. doesn’t work. hm. interesting.
Ha ha! Thats so true. Why do we have so many former teachers in politics in Ireland?
because how the political system works, if you’re a primary school teacher in say, Cobh, and then you decide you could do with a lot more money. You run for local elections. Straight away, you get the votes of all your pupils parents. Then the other classes pupils parents. So before you know if your in local office. And all you have to do then is stick to the party lines, lick party leader bum, keep tipping away, and without doing much, you will be in the Dail shortly enough. Surrounded by other half-wits who only wanted to get there for the big salary and benefits, without doin much at all. Only problem is, there’s no one there who DOES know what to do. So now we have ex-teachers who were only looking for a comfy gig, are now off to Brussells to negotiate with people who have real business acumen, sharks of the boardroom table. This is how we’ve ended up with no fishing rights in our own waters, they’ve been handed to Spain and Britain. This is why the economy is based on the housing market, and why the housing market is dictated by developers. We do not have any real politicians.
isn’t it still all Capitalism. Is there not a refresher course in the Dail day one. This is what Capitalism does. This is what it will do. This is what its always done. When the firewall is removed on the fundamentals. Health. Education. Homes. Even a Beach. Oh wait, your tucked in every night by lobbyists, ok. Wait… you think building generic apartments w/ a Centra is Tesla-like progress. I see. Maybe you are right. Round Hill poison should acquire the Phoenix park. They’ll create jobs.
thats the thing, they always think they’re creating jobs. they also think thats the most important thing. jobs. any jobs at all. kinda like 1950’s dads. just get out there and get a job. literally everything else will take care of itself.
@Dr.Fart
Really interesting take there about the teachers climbing up the political ladder, jesus. It makes a lot of sense. I assume you have experience working in politics at some level? I never realised just how broken our system is, from the very bottom to the top.
The Labour Party sat with Michael Noonan when he invited in the REITs. Not so much a canary in the mine more a mudguard for the neoliberals
Sure Noonan was a great fella. https://businessandfinance.com/michael-noonan-principals-club/