Upcoming Events

National | Housing

no events match your query!

Blog Feeds

Anti-Empire

Anti-Empire

offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Anti-Empire >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Leaked Email Blows Apart BBC?s Impartiality Claims Over Gaza Tue Jul 29, 2025 11:38 | Will Jones
A leaked internal email from a BBC Executive Editor reveals that the corporation has issued prescriptive and biased instructions to staff on how to cover the humanitarian situation in Gaza.
The post Leaked Email Blows Apart BBC’s Impartiality Claims Over Gaza appeared first on The Daily Sceptic.

offsite link The Claim that the Epping Protest is Really a ?Nazi Pogrom? is a Classic Left-Wing Conspiracy Theory Tue Jul 29, 2025 09:00 | Steven Tucker
The claim that the Epping protest is really a 'Nazi pogrom' is a classic Left-wing conspiracy theory, says Steven Tucker. Yes, a few Homeland Party members have got involved. But that's clearly not why it's happening.
The post The Claim that the Epping Protest is Really a ?Nazi Pogrom? is a Classic Left-Wing Conspiracy Theory appeared first on The Daily Sceptic.

offsite link The False Promises of Electric Vehicles Are Being Exposed Tue Jul 29, 2025 07:00 | Tilak Doshi
Shipping giant Matson declared last week that it would no longer transport EVs on its vessels, citing the fire risks posed by lithium batteries. The false promises of EVs are being exposed, says Dr Tilak Doshi.
The post The False Promises of Electric Vehicles Are Being Exposed appeared first on The Daily Sceptic.

offsite link News Round-Up Tue Jul 29, 2025 00:40 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Town Councillor Who Asked Questions About 300 Migrants in a Hotel is ?Reported to Police? for ?Stirr... Mon Jul 28, 2025 19:00 | Will Jones
Town councillor John Edwards, who asked questions about 300 Afghans put up in a local hotel, was "reported to police for stirring up racial hatred", and has also been placed under "investigation" by a "monitoring officer".
The post Town Councillor Who Asked Questions About 300 Migrants in a Hotel is “Reported to Police” for “Stirring Up Racial Hatred” appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

If you are a property speculator, come to Dublin

category national | housing | opinion/analysis author Thursday May 21, 2015 23:36author by pbp Report this post to the editors

Guess where a property speculator can get their best return on investment in the whole world? Dublin. It is unbelievable but true. After chaos wracked on Irish society by the Celtic Tiger property boom, the speculators are back.

A global survey by the research company, MSCI, has found that highest profits can be made in Dublin from buying and selling property.

Capitalists generally expect to get a 10 percent rate of return on their investment in industry. If they want more, they shift to riskier areas such as property speculation.

If they chose their city right, they can get a 19 percent rate of return. But last year, Dublin provided the jackpot with a 44 percent rate of return.

Guess where a property speculator can get their best return on investment in the whole world? Dublin. It is unbelievable but true. After chaos wracked on Irish society by the Celtic Tiger property boom, the speculators are back.

A global survey by the research company, MSCI, has found that highest profits can be made in Dublin from buying and selling property.

Capitalists generally expect to get a 10 percent rate of return on their investment in industry. If they want more, they shift to riskier areas such as property speculation.

If they chose their city right, they can get a 19 percent rate of return. But last year, Dublin provided the jackpot with a 44 percent rate of return.

Take for example commercial property. If you belonged to a global hedge fund and wanted to make money quickly you got your minions to scour the computer screens looking for a quick bargain. You then bought up office blocks cheaply and rented out space at an exorbitant price. You could then sit back in your plush London or New York address and live a life of sheer luxury.

Last year there was a staggering €4.5 billion worth of commercial property sold in Dublin.

The Irish government encourages this because, through NAMA, it has become the biggest property owner in the world. It wants to ‘offload’ as much of this property as it can so that it appears that a strong recovery is under way.

One way to do this is by offering tax break to the big vulture funds known as Real Estate Investment Trusts. These tend to buy up a series of office blocks or whole apartment complexes. They gain from the Irish crash and we, the people, pay for their tax breaks by putting up with poor public services.

So the next time you hear a Fine Gael or Labour Party politician tell you that there is no money in the country and they just had to cut respite care grants or slash the wages of public sector workers, tell them about the fortune being made in property speculation.

Maybe, they cut slap a 10 percent special solidarity tax on the speculators. That way we would not have to pay water charges or put up with taxes on the family home.

But that would be challenging the wealthy. And Fine Gael/ Labour could not do that

Related Link: http://www.peoplebeforeprofit.ie/node/1179
author by Tpublication date Fri Jun 05, 2015 22:59author address author phone Report this post to the editors

The An Spréach housing activists have a good piece on their website about the housing crisis titled: What Housing Crisis? This is a Capitalist Crisis!

The housing crisis is a really a capitalist crisis. There are enough housing units for everyone multiple times over. Joe Conlon surveys the Irish housing movement and asks whether squatting is a short-term solution.
...

The “housing crisis” we hear about so often in the media is a lie. Capitalism is the crisis; the housing problem is but one side effect of this cancerous system. The housing problem is getting worse and worse. People are forced to live in crappy cramped bed sits, cheap near-condemned B&Bs, live in uncertain rental accommodation, and some are living in a state of limbo in hostels waiting on housing lists (some aren’t even given this privilege). Even as I write this article in the 24 hour internet café on Talbot Street it is 11pm on a Thursday night the café is mainly being used by homeless people, they rent a computer for 1 euro per hour and lay across chairs and the floor trying to sleep.

No matter what time it is you’ll always find the less fortunate using the café to sleep and get out of the elements. If you walk around Dublin city no doubt you want have to walk long before you find someone sleeping in a doorway or under a bridge. These are horrible conditions in which people are forced to live. If you ever find yourself down on your luck and become homeless there is a good chance if there are no more beds left in a homeless hostel you will be give a sleeping bag for shelter....


Full text at the link

27k_houses_in_ireland_an_spreach.jpg

Related Link: http://anspreach.org/2015/05/12/what-housing-crisis-this-is-a-capitalist-crisis/
 
© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy