Funds ‘drive up cost of social housing by €50k per unit’

[hammerhead]

Decent article in the business post putting a figure on the funds outbidding the state debacle.

Declan Dunne, the chief executive of Respond, said the popularity of social housing as an investment for institutional funds was driving up the average cost for his agency to deliver a home from €297,000 to nearly €350,000.

Sadly it does not highlight the obvious point that this nonsense is also increasing the cost to the private buyer by the same amount.

Article here: https://www.businesspost.ie/houses/fund ... t-cf96cf8c

[mugball]

Great to see attention brought to the price inflation being caused but I wish some of these articles would focus on the circular nature of the leasing policy:

Prices becoming more and more unaffordable leads to:
More and more people need housing assistance leads to:
Government offers extremely attractive lease terms to investors leads to:
Investors bid higher and higher knowing they can lease to government risk free leads to:
Prices becoming mor…login to view the rest of this post