Upcoming Events

National | Housing

no events match your query!

Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link Saker announcement: COVID19 and the Saker Community Sat Apr 04, 2020 21:32 | The Saker
Dear friend of the Saker Community and beyond, I have to tell you that the COVID19 crisis has hit the Saker Community pretty hard.  So far, I know of nobody

offsite link Ground Control to Planet Lockdown: This Is Only a Test Sat Apr 04, 2020 03:30 | amarynth
By Pepe Escobar and crossposted with Strategic Culture Foundation As much as Covid-19 is a circuit breaker, a time bomb and an actual weapon of mass destruction (WMD), a fierce

offsite link Corona rewrites capitalist bust-chronology & proves: It?s the nation-state, stupid Fri Apr 03, 2020 18:56 | amarynth
By Ramin Mazaheri for The Saker Blog It?s an unusual prediction, but the coronavirus may kill the ?neoliberal Trotskyist? projects of the Eurozone and the European Union because the pan-European

offsite link Living in the Covid-19 environment Fri Apr 03, 2020 18:42 | amarynth
By G H Eliason for The Saker Blog You?ve heard the US Surgeon General saying, ?We should be acting as if we have the virus” to flatten the curve? How

offsite link China rolls out the Health Silk Road Thu Apr 02, 2020 18:50 | amarynth
by Pepe Escobar – Posted with permission In the Belt and Road framework, China is supplying much of the world including virus-hit Europe with medicine and healthcare items When President

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

offsite link Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

offsite link Fijian women still face Human Rights violations Mon Aug 26, 2019 18:49 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
"A flaky website that purports to be ?leftist,? The Cedar Lounge Revolution, occasionally makes a relevant point or two."

offsite link Another Labour leader elected! And deputy leader too? 13:10 Sat Apr 04, 2020 | WorldbyStorm

offsite link Belfast Film Festival Sofa Shorts Day ? Saturday 4th April 12:39 Sat Apr 04, 2020 | WorldbyStorm

offsite link Supporting musicians and others during the crisis? 12:26 Sat Apr 04, 2020 | WorldbyStorm

offsite link This Weekend I?ll Mostly Be Listening to? Fiddle Sticks 07:17 Sat Apr 04, 2020 | irishelectionliterature

offsite link Signs of Hope ? A continuing series 12:47 Fri Apr 03, 2020 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

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/
 
© 2001-2020 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