“Those that are capable of filling the gaps are the pension funds, the larger builders that are capable of building these apartments.”
Just incase you weren’t aware, your own pension and the pensions of Americans and Canadians are being used to fuck you and your families future.
Bosco_is_a_prick on
The fact that corporate landlords are needed to fix housing crisis shows that the housing crisis is in fact not being fixed.
OldVillageNuaGuitar on
I think we will need some corporate landlords or similar. We do need more rental units. I don’t think anyone can seriously question that.
But that said, we also should want owner occupier apartments, and we have created a situation where apartments are too expensive to build for owner occupiers. That is itself a problem.
SinisterSelecta on
They don’t build though, they buy. Problem is they buy en masse rather than the developer just selling to individual buyers. When’s the last time a new development of apartments was actually for sale rather than for rent in Dublin. I’d love to buy one but the apartments for sale are 10 to 15 years old and come with all the potential boom building issues.
Remarkable_Ratio_823 on
Okay, Paschal. Just give me someone who is not inculcated with neoliberal brainrot that isn’t a Nazi – please fucking anybody.
Outkast_IRE on
I think we heard this same story from them over a decade ago , yet it’s still not fixed, it’s worse
Franz_Werfel on
> Ireland needs the corporate landlord sector to solve the housing crisis, Paschal Donohoe has said. […] “Historically in Ireland, it’s been the smaller landlords – the owner of one, two, three, four, five properties maybe.
“That is now being accompanied by the State that is aiming to build more cost rental accommodation and that takes time to do.
Relying on private investors has been at the core of FG / FF housing policy for a very long time now. It should be blatantly obvious that this hasn’t worked, not by easing the planning legislation, not by creating tax incentives to REITs. Successive governments have underperformed on the goals of housing delivery.
What Donohoe is proposing is the literal definition of insanity – doing the same thing over and over and expecting different results. As long as there isn’t a greater involvement of the state in building housing, the amount of supply will not change to the degree it is solving the housing crisis.
Justinian2 on
Status quo is too profitable for too many for the govt. to care about young people/struggling renters.
davesr25 on
“*We as in the government are just an organisation to transfer the tax we collect to private entities, usally our pals*”
Ireland not a country just a business.
Environmental-Net286 on
would it not seriously effect our balance of trade to have so much money being sent out of the country ?
Geenace on
Got to laugh at any Fine Gaeler talking about fixing the housing crisis
Floodzie on
Implement the Vienna model, this would at least fix the rental crisis.
funpubquiz on
Just more evidence that for FG the current housing market is going according to plan.
The REITS have been here since 2013 and things have gotten worse.
phoenixhunter on
Ireland’s largest corporate landlord, Ires Reit, was established in 2014. Have they significantly improved the housing situation in the intervening decade?
No, they haven’t. Donohoe is lying to protect corporate interests because he is a neoliberal politican who puts capital before people.
THIS GOVERNMENT DOES NOT WORK FOR US
Glimmerron on
Time to get this dope out of our politics
geoffraffe on
Is there anything to be said for another massive tax break for developers & landlords?
TheFreemanLIVES on
That was the plan in…2013 for fucks sakes. The theory went that we would employ economies of scale to flush out the small builders and developers so that we’d never have housing require funding outside of investment entities and large funds.
**As you can see…ten years later it’s not really working now is it?**
But thanks to Paschal for this mask off moment, we all needed a reminder of where they really stand.
Expensive_Award1609 on
ah yes… turn housing into more businessy talk
das_punter on
Not just saying, SHOUTING the quiet part out loud.
FG, folks.
Equivalent_Two_2163 on
What a ridiculous thing to say. Dough boy Darragh needs to get on with it big style..fucking around with a few shitty developments thinking he’s a great lad. Not good enough
SoLong1977 on
No. Lower demand and higher supply will fix the housing crisis.
2_Pints_Of_Rasa on
In 20 years time will we be still expecting FFG to fix the crisis?
Foreign-Entrance-255 on
It could look like pascal learns nothing if you didn’t know that he and Fine Gael want the desperation because they are working for international finance and local landlords, are often landlords themselves. The fools who vote for them and aren’t landlords are the bigger problem.
AdvancedJicama7375 on
We are beyond cooked if this is the narative
Imbecile_Jr on
oh my fucking god
manfredmahon on
Corporate landlords need something else that I can’t say or will get banned
Paudyyy on
Always remember how quick they were to legislate during COVID. They have the power to do so at anytime but choose to let the main lobbyists of state street etc run the show…
ShearAhr on
Get rid of corporate land lords. Ban using housing as a form of investment. Problem solved.
Otchy147 on
Corporate landlords do not build houses! They just buy up what is already being built.
shorelined on
Is there anything to be said for more corporate landlords?
Neoshadow42 on
Corporate landlords are the cause of the housing crisis. What is this lobbyist shite?
_Druss_ on
Tight fisted coward
AbradolfLincler77 on
We need more social housing that anyone can afford instead of letting landlords keep upping rent until nobody can afford it. This country is a fucking joke when it comes to housing!
21stCenturyVole on
The government needs to be forced to give everyone who wants to apply, training + a job building homes, and to immediately house everyone who is part of such a program.
Nothing less than this.
This will save everyone who applies, _hundreds of grand_ in wasted rent – and hundreds of grand more by _not_ overpaying for their home, paying an affordable/at-cost price instead – even if their original job paid extremely well.
It would draw in workers from the homeless, from current jobs/industries, and from abroad – i.e. it solves the immigration crisis as well, as they can house themselves and earn their place building houses for everyone else.
Unlikely_Ad6219 on
If only the state had some money it could spend on housing.
Sadly though there’s no money. They don’t have anything other than 8 billion euro left over. There’s nothing anyone can do.
Dorcha1984 on
By fixing does he mean control supply to keep a high demand and make bank ?
AdeptMongoloid on
“Why yes we absolutely believe the entities that are built and sustained solely for profit will stop making so much money from the rental crisis we caused because we asked them nicely”
Browne3581 on
I honestly thought the link would bring me to the Waterford Whispers. Jfc this government is clueless
ivan-ent on
corporate landlords need to be banned * to fix housing crisis ,there i fixed it for you.
39 Comments
“Those that are capable of filling the gaps are the pension funds, the larger builders that are capable of building these apartments.”
Just incase you weren’t aware, your own pension and the pensions of Americans and Canadians are being used to fuck you and your families future.
The fact that corporate landlords are needed to fix housing crisis shows that the housing crisis is in fact not being fixed.
I think we will need some corporate landlords or similar. We do need more rental units. I don’t think anyone can seriously question that.
But that said, we also should want owner occupier apartments, and we have created a situation where apartments are too expensive to build for owner occupiers. That is itself a problem.
They don’t build though, they buy. Problem is they buy en masse rather than the developer just selling to individual buyers. When’s the last time a new development of apartments was actually for sale rather than for rent in Dublin. I’d love to buy one but the apartments for sale are 10 to 15 years old and come with all the potential boom building issues.
Okay, Paschal. Just give me someone who is not inculcated with neoliberal brainrot that isn’t a Nazi – please fucking anybody.
I think we heard this same story from them over a decade ago , yet it’s still not fixed, it’s worse
> Ireland needs the corporate landlord sector to solve the housing crisis, Paschal Donohoe has said. […] “Historically in Ireland, it’s been the smaller landlords – the owner of one, two, three, four, five properties maybe.
“That is now being accompanied by the State that is aiming to build more cost rental accommodation and that takes time to do.
Relying on private investors has been at the core of FG / FF housing policy for a very long time now. It should be blatantly obvious that this hasn’t worked, not by easing the planning legislation, not by creating tax incentives to REITs. Successive governments have underperformed on the goals of housing delivery.
What Donohoe is proposing is the literal definition of insanity – doing the same thing over and over and expecting different results. As long as there isn’t a greater involvement of the state in building housing, the amount of supply will not change to the degree it is solving the housing crisis.
Status quo is too profitable for too many for the govt. to care about young people/struggling renters.
“*We as in the government are just an organisation to transfer the tax we collect to private entities, usally our pals*”
Ireland not a country just a business.
would it not seriously effect our balance of trade to have so much money being sent out of the country ?
Got to laugh at any Fine Gaeler talking about fixing the housing crisis
Implement the Vienna model, this would at least fix the rental crisis.
Just more evidence that for FG the current housing market is going according to plan.
The REITS have been here since 2013 and things have gotten worse.
Ireland’s largest corporate landlord, Ires Reit, was established in 2014. Have they significantly improved the housing situation in the intervening decade?
No, they haven’t. Donohoe is lying to protect corporate interests because he is a neoliberal politican who puts capital before people.
THIS GOVERNMENT DOES NOT WORK FOR US
Time to get this dope out of our politics
Is there anything to be said for another massive tax break for developers & landlords?
That was the plan in…2013 for fucks sakes. The theory went that we would employ economies of scale to flush out the small builders and developers so that we’d never have housing require funding outside of investment entities and large funds.
**As you can see…ten years later it’s not really working now is it?**
But thanks to Paschal for this mask off moment, we all needed a reminder of where they really stand.
ah yes… turn housing into more businessy talk
Not just saying, SHOUTING the quiet part out loud.
FG, folks.
What a ridiculous thing to say. Dough boy Darragh needs to get on with it big style..fucking around with a few shitty developments thinking he’s a great lad. Not good enough
No. Lower demand and higher supply will fix the housing crisis.
In 20 years time will we be still expecting FFG to fix the crisis?
It could look like pascal learns nothing if you didn’t know that he and Fine Gael want the desperation because they are working for international finance and local landlords, are often landlords themselves. The fools who vote for them and aren’t landlords are the bigger problem.
We are beyond cooked if this is the narative
oh my fucking god
Corporate landlords need something else that I can’t say or will get banned
Always remember how quick they were to legislate during COVID. They have the power to do so at anytime but choose to let the main lobbyists of state street etc run the show…
Get rid of corporate land lords. Ban using housing as a form of investment. Problem solved.
Corporate landlords do not build houses! They just buy up what is already being built.
Is there anything to be said for more corporate landlords?
Corporate landlords are the cause of the housing crisis. What is this lobbyist shite?
Tight fisted coward
We need more social housing that anyone can afford instead of letting landlords keep upping rent until nobody can afford it. This country is a fucking joke when it comes to housing!
The government needs to be forced to give everyone who wants to apply, training + a job building homes, and to immediately house everyone who is part of such a program.
Nothing less than this.
This will save everyone who applies, _hundreds of grand_ in wasted rent – and hundreds of grand more by _not_ overpaying for their home, paying an affordable/at-cost price instead – even if their original job paid extremely well.
It would draw in workers from the homeless, from current jobs/industries, and from abroad – i.e. it solves the immigration crisis as well, as they can house themselves and earn their place building houses for everyone else.
If only the state had some money it could spend on housing.
Sadly though there’s no money. They don’t have anything other than 8 billion euro left over. There’s nothing anyone can do.
By fixing does he mean control supply to keep a high demand and make bank ?
“Why yes we absolutely believe the entities that are built and sustained solely for profit will stop making so much money from the rental crisis we caused because we asked them nicely”
I honestly thought the link would bring me to the Waterford Whispers. Jfc this government is clueless
corporate landlords need to be banned * to fix housing crisis ,there i fixed it for you.