Friday 9 December 2016

State should swoop in to buy vulture fund homes

Published 19/03/2016 | 02:30

Two young residents who have received notices to quit at the Cruise Park housing estate in
Tyrellstown, West Dublin. Photo: RollingNews.ie
Two young residents who have received notices to quit at the Cruise Park housing estate in Tyrellstown, West Dublin. Photo: RollingNews.ie

The financial collapse was a lost opportunity to replenish the public housing stock, but a new opportunity has emerged with the return of stability. This is going to be a gulp moment for the Government, but it needs to feel the fear and do it anyway.

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It's time for the State to form a property management company and enter the landlord business.

It can start by buying back housing from vulture capitalists now seeking to make a profit on their investments - ready to take the money and run, as they always intended to do.

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