Yesterday’s Business Post
Tenant purchase schemes are progressive and estates where tenant purchase has taken place generally benefit. If the property is sold on by the person who availed of the scheme the sale has to be approved by the LA. Thereafter good luck. Find me someone who wouldn’t sell on 🤔
— Billy Timmins (@Billy_Timmins) August 29, 2021
Anyone?
Investors lease former social housing properties back to state (Killian Woods, Business Post)
Sponsored Link
The 80s and 90s saw the biggest sell-off of state infrastructure to private.
Billions of Euro worth of houses were sold off by the local authorities.
And then, when those same private interests made a booper-dooper of everything in the 2000’s, we socialised their debts, and we will continue to pay them off for the foreseable.
But let’s not worry about any of that, people are having 5g magents injected into their brains by Totalitarian regimes!!1!!1!1!11
Aren’t the people (ex tenants) under obligation not to sell for so many years after they bought them?
After that, don’t they have to sell to council-approved buyers (people, not companies)?
Yes, but if they sell to an ‘approved’ buyer, the 2nd buyer is then free to do whatever they please.
After the charge period ends (20-30 years) the original buyer is free to do whatever they please.
Fine Gael gonna Fine Gael on anything to do with REITs
Until we hopefully vote them out in early 2025
3.5 painful years ahead for renters and FTBs :-(
a serious case of closing the door after the horse has bolted.
how is this news – we’ve known this for years?
Eoin Ó Broin has been banging this drum for years. Sounds like the journo read his new book.
Nothing to see here folks only unregulated capalitalism the FG way. Funds see a housing crisis/opportunity. Ex council houses that could have been bought by a FTB are hoovered up by said funds with a sweetheart deal with the council lined up to make a sweet 25 year rental deal. More for the have mores. The FFG way
Surely when the councils sold the homes to tenants they should have used the proceeds to build new social housing?
This would have created a sustainable system of public housing allowing those who no longer need it pay for a replacement home and everyone benefiting?
This – times a hundred;
So what did happen to all the money the LAs got from selling off their housing stock?