Wednesday 17 January 2018

State should swoop in to buy vulture fund homes

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
Martina Devlin

Martina Devlin

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.

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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