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Apartment complexes in Ashtown, Dublin. RollingNews.ie

Dáil passes controversial amendment allowing cuckoo funds to avoid 10% stamp duty

The amendment passed despite Sinn Féin withdrawing from a pairing arrangement.

LAST UPDATE | 7 Jul 2021

THE DÁIL HAS passed a controversial amendment that allows funds to side-step 10% stamp duty if they lease back houses to the State for social housing.

Last month, the government moved to introduce a new 10% rate of stamp duty on bulk purchases of 10 homes or more last month. 

However, the amendment that came before the Dáil this evening will exempt institutional investors from the charge under these circumstances.

Sinn Féin’s Eoin Ó Broin TD was among TDs to criticise the length of the debate, which was given an hour in the Dáil schedule, accusing the government of “not playing by the rules”. 

Sinn Féin withdrew a pairing arrangement whereby opposition TDs agree to abstain in a vote if a government TD is forced to be absent from the Dáil due to an unavoidable appointment. 

However, the amendment was passed with 74 votes in favour to 59 against.

Speaking during the debate, Minister for Finance Paschal Donohue, who tabled the amendment, said that funds have a role to play in the “provision of rental accommodation which otherwise I believe in many cases would not be built”.

“If we acknowledge we need to build homes at scale, at speed, if we acknowledge that there is a burning urgency and need for the supply of new homes to be quickly accelerated, if we look at what the government is already do with the money that we’re making available… is there a role for the private sector in this?” Donohue said.

The new stamp duty change is aimed at tackling so-called cuckoo funds buying up housing developments from first-time buyers but opposition members have said the new amendment signifies “the white flag of surrender” to cuckoo funds.

Housing Minister Darragh O’Brien has denied these accusations and has accused the opposition of “scaremongering”.

He has argued that the amendment is time-limited and is being brought forward to protect the delivery of social housing for almost 2,500 families by the end of the year.

“In relation to the amendment that we have laid down later this evening, it is to ensure that around 2,400 leases that are currently going through the system, which will be used for social housing and social housing only, would be exempted from the 10% because there would be a risk that some of these would not go ahead,” O’Brien told RTÉ’s Drivetime programme earlier today.

Also speaking on Drivetime, Ó Broin said that “at least 1,000″ of the 2,400 homes referred to already have leases signed, so they are not at risk as the minister claims. 

He added that the State should buy the remainder of the homes instead of leasing them from the investors as this would represent better value for money in the long-term. 

“If the buyer knows that they’re going to get an exceptionally high rent guaranteed and index-linked over 25 years, that pushes up the cost of that property and then of course the taxpayer has to pay a very hefty bill,” he said. 

“If the minister was serious about tackling the housing crisis, he would not only increase the capital expenditure as has been recommended by myself and ESRI by borrowing at virtually zero interest rates, they would get those developments back up and running and they would ensure that on all of those developments that there would be social, affordable rental and affordable purchase homes, instead of lining the pockets of institutional investors at great expense to the taxpayer.” 

Stamp duty

MM8 Taoiseach Micheál Martin in the Dáil today. Oireachtas.ie Oireachtas.ie

The new higher rate of stamp duty is the main component of the government’s response to the ongoing controversy surrounding so-called ‘cuckoo funds’ like the one that bought up the majority of the Mullen Park housing estate in Maynooth earlier this year.

In the Dáil earlier today, Taoiseach Micheal Martin was accused of helping so-called cuckoo funds to evade measures aimed at limiting their role in the housing market with this “sneaky amendment”. 

Sinn Féin’s Mary Lou McDonald said the Taoiseach has “not reigned in funds” but is actually facilitating their actions and incentivising them to buy up homes, forcing regular buyers to compete with large investment funds.

“Don’t pretend this helps people stuck in the rental market,” she said.

“This is about big bucks and funds muscling in with the help of this government, into the property market,” she said.

“Same old Fianna Fáil, same old Fine Gael,” she told the Taoiseach, accusing Leo Varadkar and the Taoiseach of living in a “cosy little bubble”.

The Taoiseach moved to defend the government’s plans, stating they “can’t turn off the tap” immediately.

Martin said direct build is the focus on the government, but that the pandemic has slowed their progress.

“We need more houses and right now we don’t have enough supply,” he admitted.

Yesterday, when questioned over the amendment, Martin said the government’s response was being “distorted” with the Opposition focusing in on one single amendment, “as if that constitutes the entirety of Government policy, which of course it does not”.

- With reporting by Rónán Duffy, Lauren Boland and the Press Association 

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185 Comments
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    Mute Aleks Ander
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    Jul 7th 2021, 1:40 PM

    One of the worst governments in the European Union.

    3405
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    Mute David Corrigan
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    Jul 7th 2021, 1:55 PM

    @Aleks Ander: They definitely don’t represent the people of Ireland. That is a stone cold fact.

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    Mute Realist
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    Jul 7th 2021, 2:42 PM

    @Aleks Ander: not saying I agree with this policy but I assume it’s down to the fact they are so far behind in building houses and with costs going up, building social homes will be even more expensive… It should mean more houses for social in the long run but problem is money leaving Ireland and will the council be responsible for upkeep etc….

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    Mute David Finn
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    Jul 7th 2021, 4:20 PM

    @David Corrigan: unfortunately they were voted in at the last election though.

    59
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    Mute Nora McElhinney
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    Jul 7th 2021, 4:21 PM

    @Aleks Ander: THE worst by far…..

    156
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    Mute Patrick O Connell
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    Jul 7th 2021, 4:22 PM

    @Aleks Ander: as bad as the assembly in the North

    44
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    Mute Michael J Foley
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    Jul 7th 2021, 5:21 PM

    @Aleks Ander: I agree . Totally dishonest with the Irish people. They are actually spending hundreds of millions on PR firms to produce lies , spin and manage us as they go. Something has to give because they are destroying our country and everyday lives . They don’t give a toss and most of them are totally incompetent. I do not know the answer and I am very cynical of political parties and politicians.

    318
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    Mute Ilarion Cibu
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    Jul 7th 2021, 6:00 PM

    @Aleks Ander: Ireland in a battle for a #1 most incom.petent gov with Romania and Moldova

    134
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    Mute Nigel o'Neill
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    Jul 7th 2021, 7:29 PM

    @David Corrigan: but they will at the next GE when all the seats and sums are added up again. Shame on the sheep voters

    129
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    Mute Shay Redmond.
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    Jul 7th 2021, 7:50 PM

    @Patrick O Connell: irrelevant. Different country at the moment.

    32
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    Mute Dave Barrett
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    Jul 7th 2021, 8:06 PM

    @Aleks Ander: oh my God. These guys are unreal. Protecting their own interests. They gotta go.

    155
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    Mute Mary Ward
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    Jul 7th 2021, 9:22 PM

    @Aleks Ander: That govt wld not have leg but for the support of DAIL majority of TD and TD it them u need to lok at and yes the gove is bad but wld not survive and policies but for DAUL SUPPORT YORU TDS See how the amendment goes . U cant hold govt ( exec arm of stae to account electedd by DAIL only TD that make the daul. They are the only one we can hold to account

    7
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    Mute Mary Ward
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    Jul 7th 2021, 9:24 PM

    @Aleks Ander: yes its bad behodent to the eu but that govt (executive arm of state ) wld not survive without the support of DAUL ( Majority of TD ) see how ammendemnt goes .

    4
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    Mute Colette Kearns
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    Jul 7th 2021, 11:32 PM

    @Aleks Ander: They’ve shown their true colours now & given the too fingers to the people of Ireland! Really sickening.

    66
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    Mute Bennett blaster
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    Jul 7th 2021, 11:32 PM

    @Aleks Ander: I hope people remember this at the next election, ff/fg need to be wiped off the map. I always thought nothing could be worse than FF or FG in power, but the two together? Good grief

    81
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    Mute Bennett blaster
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    Jul 7th 2021, 11:34 PM

    @David Finn: Not really, they had to form a coalition to get into power, nobody voted for the farce that’s in power now

    65
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    Mute Dave
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    Jul 7th 2021, 11:44 PM

    @Realist: The problem will be young people leaving Ireland, already i am seeing this, Irish , Brazilian, Italians, Spanish etc all working in the IT trade. All looking to leave, companies offering working from home now and in any European country should be a worry for any landlord… There will be nobody left to rent…best fo luck to the landlords.

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    Mute Marcus Kittel
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    Jul 7th 2021, 11:57 PM

    @Aleks Ander: agreed to a large extent. Playing to the social media outcry and then sneaking in exemptions on the sly. They may as well not have introduced a sham 10% stamp duty because now it doesn’t apply to the very purchases that it should apply to!

    51
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    Mute Éanna Ó Lachtna
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    Jul 8th 2021, 12:24 AM

    @David Corrigan: they blatantly lied before the election and done complete opposite of the will of the people…

    52
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    Mute Teresa Ryan
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    Jul 8th 2021, 7:56 AM

    @Bennett blaster: Apart from over half the population.

    1
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    Mute Rory J Leonard
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    Jul 8th 2021, 9:34 AM

    @Realist:
    You describe it so accurately in a nutshell!

    Chickens coming home to roost,given these necessary mad panic Govt decisions to deliver some more homes at any cost, all caused by past Government’s brutal failures in housing policies.

    Please don’t blame this Govt alone as this problem has been brewing for over 30 years, given damaging ST boom bust cycles in the sector during that period which has led to current chaos, with no one in the Establishment seemingly with foresight or gumption to call a halt, &take the long-term view through proper planning, looking hard at demographics coming down the tracks.

    A failure of Statehood has gotten us here, make no mistake! And an all-party Govt is what’s required now to get us out of the mess, by formulating a 20-yr plan like with China!

    2
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    Mute Y
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    Jul 8th 2021, 9:36 AM

    @Realist: no it means they were successfully lobbied

    5
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    Mute Derek Moran
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    Jul 7th 2021, 1:57 PM

    So we the tax payer will pay the full value of the houses back In a 20 year lease to an investments fund that bought up the houses preventing tax payers from owning them in the first place. You couldnt make it up. And they are encouraged to do so by getting tax write offs that small landlords don’t get and they now side step the 10% levy.

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    Mute Jason Walsh
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    Jul 7th 2021, 2:02 PM

    @Derek Moran: Another reason not to be a small landlord.

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    Mute Sean
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    Jul 7th 2021, 8:22 PM

    @Jason Walsh: are there any reasons left?

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    Mute Nigel o'Neill
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    Jul 7th 2021, 8:55 PM

    @Derek Moran: you definitely don’t need to make it up anyway

    18
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    Mute Steve Saunders
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    Jul 8th 2021, 11:16 AM

    @Derek Moran: Exactly. Why can’t the government just do what they did years ago, ie just directly pay builders to build houses on public land? The government would then have full control over allocation the amount of houses for rent, cost rental and for sale at cost price.

    8
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    Mute Peter McGlynn
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    Jul 7th 2021, 1:41 PM

    The FG faithful of Dublin Bay South will still vote FG even with this confirmation that the future of home ownership for everyone,not just those with a wish to buy a city centre apartment,has been abandoned to foreign vulture funds.

    1047
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    Mute Alan McDonald
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    Jul 7th 2021, 10:58 PM

    @Peter McGlynn: I would wish these funds got their arse burnt but that would also require punishing taxpayers again.

    A crash is all that will see these funds think twice.

    57
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    Mute ChronicAnxiety
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    Jul 8th 2021, 7:06 AM

    @Peter McGlynn: FG candidates in DBS did not get to the quota in the last election, not sure why people think this is a FG constituency.
    Wexford is far more a FG constituency , as there is always one , sometimes two FG TDs

    8
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    Mute Eric
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    Jul 7th 2021, 1:58 PM

    They are handing Sinn Fein the next election with this carry on. They are clearly not interested in solving the housing crisis, and instead are content to tinker around the edges to give the appearance of being concerned about it, while really preserving the status quo.

    1023
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    Mute Robert Clifford
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    Jul 7th 2021, 3:12 PM

    @Eric: Good. I’ll be voting for them again.

    100
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    Mute Kevin Finnegan
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    Jul 7th 2021, 4:00 PM

    @Robert Clifford: you are obviously ok with this country being run down and destroyed by corrupt politicians so

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    Mute Patrick O Connell
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    Jul 7th 2021, 4:24 PM

    @Kevin Finnegan: things are bad when people vote for FF FG over the shinners. We have the worst opposition party in the history of the state

    69
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    Mute David Corrigan
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    Jul 7th 2021, 4:33 PM

    @Patrick O Connell: How did you come to such a wild and completely untrue statement Padraig?

    153
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    Mute Frank Cauldhame
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    Jul 7th 2021, 4:47 PM

    @David Corrigan: The first time in over a century that FF & FG had to form a coalition to get into power because neither of them had enough seats to form a coalition with a junior party. Things are certainly looking bad alright.

    159
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    Mute Franny Ando
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    Jul 7th 2021, 6:19 PM

    @Kevin Finnegan: Well that’s the way it’s been for years. How more run down can it get?? It’s has already been destroyed by corrupt in-ept politicians. At this stage hopefully with something, anything, new the only way could be up.

    58
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    Mute Keith Doyle
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    Jul 7th 2021, 6:49 PM

    @Robert Clifford: clown

    62
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    Mute jim dee
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    Jul 7th 2021, 7:43 PM

    @Robert Clifford: you looking for attention again cliffy the jiff.

    43
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    Mute Chris Gaffney
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    Jul 7th 2021, 8:42 PM

    @Kevin Finnegan: No. I would say he is just against an amateur dodgy sf party falling into a position of power with all the dangers that would bring!!

    16
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    Mute Mac Dara Powell
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    Jul 7th 2021, 8:59 PM

    @Eric: They are not interested in solving anything Eric only giving everything away.

    24
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    Mute Frank Cauldhame
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    Jul 7th 2021, 9:40 PM

    @Chris Gaffney: Those dangers you describe have manifested already under the current government of Fine Gael/Fianna Fail/Green Party. Generations of citizens from newborns to 25/30 year olds will never be in a position to own their own home. That’s what FF/FG together as one have done to us. It’s Grotesque, Unbelievable, Bizarre & Unprecedented. Two fingers to our beloved nation, a giant leap backwards.

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    Mute Ilarion Cibu
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    Jul 7th 2021, 11:06 PM

    @Robert Clifford: an obvious troII

    17
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    Mute Bennett blaster
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    Jul 7th 2021, 11:39 PM

    @Chris Gaffney: They wouldn’t sell off the family silver to a bunch of parasites. I’ve never voted Sinn Fein but they’re starting to look pretty good.

    43
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    Mute Mairtin Antaine O Conaill
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    Jul 7th 2021, 11:57 PM

    @Eric: won’t matter!!!! SF won’t run enough candidates to form a gov. That don’t want the responsibility.

    8
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    Mute ChronicAnxiety
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    Jul 8th 2021, 7:08 AM

    @Eric: They know the next election is goosed, they are spending like mad now and will leave the mess for the shinners to deal with.

    22
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    Mute Declan Doherty
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    Jul 7th 2021, 1:57 PM

    What is it going to take for this country to wake up and realise how much is being robbed from under our noses ? Where are the young people most affected by this housing crisis ? They should be organising protests that put the water movement to shame but just a deafening silence. Silence is consent and nothing will change until FFG are shown the door.

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    Mute Sean Walsh
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    Jul 7th 2021, 3:20 PM

    @Declan Doherty: The young will leave, I myself don’t leave any money in this country, currently purchasing land abroad for 10k and will build my own home and hopefully open a business

    300
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    Mute Franny Ando
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    Jul 7th 2021, 6:23 PM

    @Sean Walsh: Well I really hope it works out for you because there’s no incentive whatsoever to keep young people here.

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    Mute Rex Tilson
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    Jul 7th 2021, 7:39 PM

    @Sean Walsh: 2 kids in college, neither have any intention of staying in Ireland, they see it as a country set up to make young people pay as much as possible to pay for those who came before them. As soon as they finish up we like you are out of here, retiring early abroad. And before anybody starts on about their education being paid for by them, we have paid over 50k in stamp duty and property charges alone, never mind all other taxes. My father in law has never paid property tax, never paid more than a couple of grand stamp duty, never paid any college fees despite having three kids educated to that level. Why would anybody stay here to pay for past and present mistakes, hugely overpaid senior public servants, TDs,etc.massive property prices, huge insurance costs, the list goes on and on. Why would any young person stay here.

    201
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    Mute Dsds
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    Jul 7th 2021, 8:49 PM

    @Rex Tilson: Well said

    56
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    Mute Thomas Smyth
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    Jul 8th 2021, 1:30 AM

    @Sean Walsh: Where did you buy this land? Asking for friend…

    10
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    Mute Teresa Ryan
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    Jul 8th 2021, 7:58 AM

    @Sean Walsh: Will you leave your Irish passport behind as well.

    2
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    Mute Rex Tilson
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    Jul 8th 2021, 7:25 PM

    @Teresa Ryan: why would he do that?

    1
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    Mute frank_66
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    Jul 7th 2021, 1:41 PM

    He was losing it today with mary lou who challenged him on housing and unaffordable homes

    739
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    Mute Robert Clifford
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    Jul 7th 2021, 1:45 PM

    @frank_66: He’s been losing it since he took office. Completely out of touch with the young of the country.

    844
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    Mute Franny Ando
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    Jul 7th 2021, 6:21 PM

    @Robert Clifford: Completely out of touch full stop

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    Mute Sean
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    Jul 7th 2021, 1:55 PM

    The worst government we ever had.

    657
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    Mute WiseUp
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    Jul 7th 2021, 2:00 PM

    @Sean: I’m not defending them at all, but I think that is said about every government who are in power.

    67
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    Mute Aleks Ander
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    Jul 7th 2021, 2:04 PM

    @WiseUp: then it means Ireland is only getting worse. Something should be done

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    Mute Angela McCarthy
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    Jul 7th 2021, 2:09 PM

    @WiseUp: Not so, Bertie Ahern and his government was so popular at one stage in the noughties that he almost pulled off an overall all majority for FF in one election, and Jack Lynch was also very popular in the 70′s.

    The reason why this lot are so bad and out of touch is, the problem has been identified by them and the solution has also been identified, but they continue to fudge and do whats required, for fear of confronting the narrow vested interests.

    118
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    Mute Paul Cunningham
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    Jul 7th 2021, 2:38 PM

    @WiseUp: pretty much. I still feel like Bellenda with iphone Joan and AK47 during the Irish Water years was the most obnoxious government ever, or Brian Cowens was the worst government ever for the future. At least those 2 in recent Irish history come to mind. This one is just more of the same shower of muck, so consider it the least progressive one.

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    Mute Paul Whitehead
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    Jul 7th 2021, 11:07 PM

    @Sean: perhaps a touch of hyperbole? Maybe your 18 and don’t recall the past 60 years. But they are certainly a pretty incompetent bunch.

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    Mute Rochelle
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    Jul 7th 2021, 11:27 PM

    @Sean: It’s the same government we’ve ever had, it’s the neverending reign of FF & FG. The only thing that changes is the public becoming more and more aware of who they’re actually serving.

    41
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    Mute Dean
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    Jul 7th 2021, 2:38 PM

    Free houses for foreign landlords, who re-rent it back to Irish citizens — at a months wage for a months rent.

    Surrendering our housing stock.

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    Mute David Roe Ireland
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    Jul 7th 2021, 2:12 PM

    Who’d have thought that Mehole and FF would be playing footsie with property sharks. Sounds familiar! Look where it got us the last time!!!

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    Mute Angela McCarthy
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    Jul 7th 2021, 1:49 PM

    Micheal Martin has gone completely Cuckoo !

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    Mute Damo
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    Jul 7th 2021, 2:23 PM

    “Same old Fianna Fáil, same old Fine Gael,” Absolutely spot on

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    Mute kevinhunt101
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    Jul 7th 2021, 1:41 PM

    Id be more surprised if he didnt tbh ! Always look out for big businesses never tour average person! And yet people keep citing for these people!!

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    Mute Kevin Organ
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    Jul 7th 2021, 2:48 PM

    Looks like emigration is becoming more and more necessary to set up any kind of stable life.
    It’s hard to be able to really settle down if you can’t as much as hang a picture on a wall and face the possibility of being booted out of rented accommodation at the drop of a hat.

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    Mute ed w
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    Jul 7th 2021, 1:41 PM

    oh how did that get in there without anyone noticing how careless

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    Mute Damien Leahy
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    Jul 7th 2021, 2:28 PM

    How long will it take them to blame sf?

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    Mute David Corrigan
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    Jul 7th 2021, 2:39 PM

    @Damien Leahy: Paschal is already on that task. One of his assistants who we pay over 100K per year to, is on the job. It would suit them better if they got those assistants to work on solutions.

    https://www.independent.ie/irish-news/politics/paschal-donohoe-wanted-research-into-sinn-fein-40610904.html

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    Mute Alan Wright
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    Jul 7th 2021, 2:51 PM

    @Damien Leahy: Martin in Question Time in response to Mary-Lou’s questions today pretty much did blame SF.

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    Mute Damien Leahy
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    Jul 7th 2021, 3:17 PM

    @Alan Wright: their game is old, They can do what they want as long as they have a dig at sf. Hopefully the Irish will wake up before the next election

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    Mute Angela McCarthy
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    Jul 7th 2021, 3:50 PM

    @Alan Wright: Yes he did – as do FG, they complain that SF as main opposition party shouldn’t be opposed to government policy. You feel they almost wish they were in opposition themselves.

    They may scrape through in DBS as its a blue shirt breeding ground, but they shouldn’t get complacent if they pull it off, as the electorate are waiting for them in the long grass.

    Yesterdays poll figures on the Journal, probably represents a far more accurate picture of where Irish voters feelings are at right now!

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    Mute David Smith
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    Jul 7th 2021, 2:08 PM

    Is anyone surprised?

    200
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    Mute Cillian Lynch
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    Jul 7th 2021, 2:53 PM

    I read a Tweet the other day by UnHerd editor Aris Roussinos that I think is worth sharing. While you may not agree with everything I think it is accurately scathing:

    Modern Ireland is the gonzo nightmare image of what Blair-Cameron UK would have become without our sudden, unfinished, still-contested course correction: a pure colony of global capital, housing crisis worse than London, unchallenged neoliberal political consensus.

    Their scolds are a thousand times worse than ours, their media more fawning to power, their political culture more technocratic and lifeless: everything wrong with the UK, Ireland has somehow managed to magnify to gigantic proportions all on its own.

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    Mute Zmeevo Libe
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    Jul 7th 2021, 6:02 PM

    @Cillian Lynch: Brexiters still thinking Brexit was some sort of blow to “global capital”. Poor things, imagine beeing st*pid enough to think Bojo is fighting the fight of the ordinary guy.

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    Mute Watchful Axe
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    Jul 7th 2021, 1:56 PM

    We’d probably need a semi-state modular home building company at this stage. There probably would have been a housing crisis without covid. But now it must be a housing apocalypse.

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    Mute John O Connor
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    Jul 7th 2021, 2:12 PM

    Yes the takers looked after again.

    156
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    Mute Davey Ohanlon
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    Jul 7th 2021, 4:13 PM

    I think we’ve reached the stage where we need to crowdfund an intensive media campaign prior to all elections called “We get what you vote for”.

    A reminder to the voter of all the broken promises, scandals, corruption and waste perpetuated by political parties who are/were in power.

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    Mute Mike
    Favourite Mike
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    Jul 7th 2021, 4:46 PM

    @Davey Ohanlon: Led By Donkeys approach…. Absolutely…!!

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    Mute Alan Biddulph
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    Jul 7th 2021, 4:49 PM

    @Davey Ohanlon: That’s actually a really good idea, a crowdfund to at least ensure younger people go out and vote or register to vote. Also no harm in a few motorway billboards spelling out the top 10 (of many) cockups of our current leaders who are only looking after themselves and the elite.

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    Mute Michael Powell
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    Jul 7th 2021, 3:22 PM

    Vote them out.

    171
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    Mute Stephen Byrne
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    Jul 7th 2021, 3:43 PM

    This country needs a change, 100 years now of the same two at the top table throwing scraps at the rest of us.

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    Mute Maurice Frazer
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    Jul 7th 2021, 2:59 PM

    The image of Mr Burns

    117
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    Mute Michael Holland
    Favourite Michael Holland
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    Jul 7th 2021, 2:42 PM

    I cant see why the tap cant be turned off immediately. This is a crisis and a disgrace!

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    Mute Amanda Baker
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    Jul 7th 2021, 3:28 PM

    Who voted for these people

    105
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    Mute Ian Hester
    Favourite Ian Hester
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    Jul 7th 2021, 5:03 PM

    This government a tempory little arrangement who haven’t got a mandate to be in power are bouncing their evil ways of each other,to keep out SINN Fein…. That’s why its gotten so bad, it all stems from the boom bust and both were responsible for that, not just FF…… Mick Wallace was warning us about these investment funds but no one was listening to him…. And thers nothing you can do about it…

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    Mute Marianne Sherlock
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    Jul 7th 2021, 3:03 PM

    Disgraceful

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    Mute inflation is coming... buy physical silver.
    Favourite inflation is coming... buy physical silver.
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    Jul 7th 2021, 4:54 PM

    Some day the majority of citizens will finally understand that our common enemy is our corrupt banking system and complicit politicians. Both of these organisations depend on debt to have power over the people. People not educated to understand. Remove the ability of banks to create debt and the politicians to deficit spend and our world would be a whole lot better

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    Mute Derek Richardson
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    Jul 7th 2021, 2:25 PM

    His can ban me if you like but they are nothing but a shower of corrupt bastrds not one bit toxic it is nothing but plain truth

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    Mute Liam Byrne
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    Jul 7th 2021, 3:00 PM

    @Derek Richardson:
    Maybe we should have listened to Varadkar
    “voting for Mehole, would be like bringing John Delaney back”

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    Mute Craig Clancy
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    Jul 7th 2021, 3:26 PM

    @Liam Byrne: no maybe we shouldn’t listen to varadkar. They both evolved from the same slime pit.

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    Mute Franny Ando
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    Jul 7th 2021, 8:11 PM

    @Liam Byrne: It didn’t stop him going into coalition with him did it.

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    Mute Dara Mac Craith
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    Jul 7th 2021, 5:16 PM

    I thought state aid in the form of preferential tax treatment that is not available to competitors (ie ordinary people) is illegal.

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    Mute Sonic
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    Jul 7th 2021, 7:52 PM

    This is the last straw, give us a general election now. I’m done with voting FFG.

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    Mute Janis L
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    Jul 7th 2021, 5:29 PM

    Anything over one home should be considered bulk purchase in fairness…

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    Mute Joseph Duggan
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    Jul 7th 2021, 2:24 PM

    Ceos of vulture funds calling Michael tell them ìts done

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    Mute Peter Broderick
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    Jul 7th 2021, 7:02 PM

    What state will this country be in by the time they go off at 55 with three pensions?

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    Mute Sean McCarthy
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    Jul 7th 2021, 10:54 PM

    I know how politics works , I have studied it a long time and this was open deception. I’ve never voted SF and I don’t really want to but I think it’s the only option now at this stage.

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    Mute Matt
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    Jul 7th 2021, 8:04 PM

    Take the tax off them. The govt have no problem taking it off its citizens.

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    Mute Tommie
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    Jul 7th 2021, 7:56 PM

    Just stop voting in FF/FG , half the comments here are coming across defending them. Short memory lads….

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    Mute Leonard O'mahony
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    Jul 7th 2021, 7:40 PM

    Micheál and sneaky sit well together.

    69
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    Mute rockmast
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    Jul 7th 2021, 9:04 PM

    This is not the fianna fail or fianna gael that was founded early in the last century. This is a bunch of people mostly school teachers who have only one objective and that is to feather their nests. Don’t have any thoughts for this great country. Shame on them

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    Mute Sportmad
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    Jul 7th 2021, 7:48 PM

    One of the moments that they show their TRUE COLOURS

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    Mute Mr Jerry Curtin
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    Jul 7th 2021, 8:52 PM

    A family member I know was selling a house recently. Two couples were bidding. An insurance company came in with a higher bid and took it. Will rent it out to the council. Shameful.

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    Mute Nan
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    Jul 7th 2021, 7:45 PM

    Name the TDS that vote for this farce

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    Mute Declan Sweeney
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    Jul 7th 2021, 8:04 PM

    @Nan:

    Will SF vote on it or will they leave the Dail to watch the big game tonight llike they did on the Special criminal court last week

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    Mute Gerard Smith
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    Jul 7th 2021, 10:58 PM

    @Declan Sweeney: thats right Declan. Quick! Look over there! The government is literally prostituting this country and its citizens to vested interests and has demonstrated it literally doesn’t give a toss about out younger generatios. No health system, no housing, a crumbling judicial system and gross mismanagement of our finances. Your response? Asking if SF will vote on a motion that will pass anyway. If it wasn’t so sad that people like you have your head buried so deep in the sand you dont known.which way is up anymore I’d laugh at you

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    Mute Stephen Deegan
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    Jul 8th 2021, 12:05 AM

    @Nan: Name them? They’re every single member of the FF/FG/G Dáil. They all voted by the whip. Every one of them is to blame. You get what you vote for.

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    Mute Michael
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    Jul 7th 2021, 5:58 PM

    Absolute joke. Insult after injury. Just go now and never come back.

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    Mute Ed
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    Jul 7th 2021, 5:47 PM

    The FF crooks are at it again. This whole government is a sham. They care for nothing but their rich friends.

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    Mute MickN
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    Jul 7th 2021, 3:42 PM

    Disgusting….This should not be allowed

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    Mute Des Morgan
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    Jul 7th 2021, 6:42 PM

    Gross
    Unbeliveable
    Bizarre
    Unprecedented

    LOOTING WITH IMPUNITY

    74
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    Mute David Van-Standen
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    Jul 7th 2021, 11:20 PM

    Of course they passed it, because they are,
    •Collectively
    •Unified
    •Nefarious
    •Treacherous
    •Shysters

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    Mute In fairness now...
    Favourite In fairness now...
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    Jul 7th 2021, 10:54 PM

    Bye bye FFG

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    Mute pcass_1@yahoo.ie
    Favourite pcass_1@yahoo.ie
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    Jul 7th 2021, 10:49 PM

    This is shocking stuff undefensible

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    Mute Barrycelona
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    Jul 7th 2021, 10:54 PM

    Govt win 74-59 =133 There is 164 TD’s (I think) in the Dail. 31 didn’t vote or abstained. Wonder why and who they are. I wonder did anyone vote twice or vote for someone else or are they too principled and ethical.

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    Mute Eddie O'Neill
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    Jul 7th 2021, 11:16 PM

    @Barrycelona: Who voted and how should be part of the article on Dail votes

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    Mute HectorPickaxe
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    Jul 7th 2021, 11:27 PM

    @Barrycelona: I was just going to post the same comment (I thought it was 160). This will be on the Dail record if you look it up in a few days. It’s a disgrace. Good to know we can’t count on the opposition TDs either, whoever abstained or maybe even voted for it

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    Mute conex
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    Jul 7th 2021, 7:24 PM

    The boys ! At it again .

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    Mute JustMeHere
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    Jul 7th 2021, 8:17 PM

    Why are Irish people putting up with this? Revolution is the only way… bring back hanging too.

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    Mute Barrycelona
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    Jul 7th 2021, 6:36 PM

    Why is everybody so surprised and why are most people putting the blame at FFG’s door SF have got into hot water by refusing to back some housing projects Where are the left, PBP and most Independents Their silence is deafening. Another by election and 3 of the big boys are top of the charts to win, yet again. We all know we are being dealt empty promises and the people who vote, vote them in because FFG look out for their interests. They can invest in Cuckoo co’s and get big returns. The housing crisis has been going on for over 5 years. Why?? And what about ‘ saving the plant’ FfG are being allowed to get away with stunts like this because the people voting for them have other interests. It is despicable what FFG have done but there is a simple way to stop them. Vote!!!!

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    Mute Watchful Axe
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    Jul 7th 2021, 1:50 PM

    What’s the minimum period of the lease?

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    Mute Alan Wright
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    Jul 7th 2021, 3:27 PM

    @Watchful Axe: think is 20 or 25 years. Then the Cuckoo fund still owns the properties and the council will need to enter a new long-term lease as we can be assured, FF/FG will still not build houses over the next 20 years.

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    Mute Mickety Dee
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    Jul 7th 2021, 4:19 PM

    @Alan Wright: Who maintains the properties though as this can be a huge cost?

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    Mute Alan Wright
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    Jul 7th 2021, 5:13 PM

    @Mickety Dee: The Council maintains the properties in these type of contracts. So, its cost on top of cost. That’s why it’s much more economical in the medium/long run for councils to build properties as they retain the asset too.

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    Mute Tony
    Favourite Tony
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    Jul 7th 2021, 11:12 PM

    Has everyone noticed how the cost of the National Children’s Hospital is doomed to surpass €1.4 billion. Just take into context the insanity of this spend in European terms. It completely blows every tax source out the plug hole with this bill. Insanity

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    Mute HectorPickaxe
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    Jul 7th 2021, 11:22 PM

    @Tony: They quoted a figure of €1.7 billion on the tonight show earlier. Up from a planned €0.7 billion

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    Mute Stephen Grehan
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    Jul 7th 2021, 6:40 PM

    Michael and Leo u turns and flip flopping from the past. https://www.facebook.com/TheIrishInquiry/videos/862024034715586

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    Mute Keith Doyle
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    Jul 7th 2021, 6:51 PM

    Worst ever government at the worst time hate them with a passion

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    Mute Cookie
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    Jul 8th 2021, 12:29 AM

    Nobody wants this.

    It’s time for a General Election.

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    Mute Sue OB
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    Jul 7th 2021, 10:53 PM

    Its like they’re in a hurry to bring us back to dire times when people lived in substandard homes, because the way things are going that all the average person will be able to afford, sad times

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    Mute Franky Jefferson
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    Jul 7th 2021, 7:46 PM

    The “opposition” agrees to abstain members from votes if a Government TD can’t make it to the Dail because of an “unavoidable appointment”?

    Are they an opposition or just an extension of the government?

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    Mute In fairness now...
    Favourite In fairness now...
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    Jul 7th 2021, 10:53 PM

    Bye bye, FFG

    29
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    Mute Shawn O'Ceallaghan
    Favourite Shawn O'Ceallaghan
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    Jul 7th 2021, 9:29 PM

    Why would the government support this?

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    Mute HarveyLemonade
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    Jul 7th 2021, 11:23 PM

    Sinn Fein have my full support after this. At least they’ll build the houses and then proceed to be just as bad at everything else…..

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    Mute Paddy Sweetman
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    Jul 8th 2021, 12:22 AM

    Name all who voted for this and print in for all to see

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    Mute Paul Whitehead
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    Jul 7th 2021, 11:04 PM

    Utterly shameful. Ff/fg/green are clearly protecting the interest of a small number of players who fund them.

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    Mute HectorPickaxe
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    Jul 7th 2021, 11:30 PM

    @Paul Whitehead: Plus the opposition TDs that could have prevented it

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    Mute M Bowe
    Favourite M Bowe
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    Jul 8th 2021, 12:34 AM

    @HectorPickaxe: fill us all in. How could the opposition prevent this blatant feathering of nests????

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    Mute HectorPickaxe
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    Jul 8th 2021, 9:03 AM

    @M Bowe: OK, so I’ll help you out with your maths homework just this once, hope my figures are correct ;-)
    The vote was 74-59. There are 159 TDs at the moment. 83 in Government and 76 in opposition. 26 didn’t vote. So if the 76 opposing TDs voted against it they would have beaten the 74 voting for it. That’s assuming all of the opposition would vote against it.
    Unfortunately 26 of our elected TDs either didn’t bother turning up, or abstained from the vote. Will be interesting to see the dail records to see if all of the 74 were in government parties or if any independents or others voted for it.

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    Mute profile is edited
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    Jul 7th 2021, 6:41 PM
    25
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    Mute Oliver Mahon
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    Jul 7th 2021, 11:51 PM

    Totally corrupt paying 52 of net income in rent letter in the post yesterday up another 8 percent on the pup for last 18 months never missed a payment be better off to go out and get arrested and already know at over 50 I might as well jump in the Liffey

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    Mute jp tobin
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    Jul 8th 2021, 12:43 AM

    Absentee landlords , sounds familiar

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    Mute Paddy Sweetman
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    Jul 8th 2021, 12:34 AM

    Name all who voted for this and print it for all to see

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    Mute Donal Desmond
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    Jul 7th 2021, 11:48 PM

    Remember the outrage from FFG . The promise the vulture companies would be brought to heel. This is the same FFG supported by the Greens whose only objective is to preserve the status quo of big business. Martin the most despicable Taoisach. That says a lot considering what came before him.

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    Mute M Bowe
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    Jul 8th 2021, 12:12 AM

    So free houses really do exist in this state. For vulture fund investors who buy them and lease back to councils in crazy rental agreements which undertake to reimburse the purchase price plus. Then return these properties ( citizens homes) back as fully owned assets of the vultures.
    Who are these investors in such funds and are they making or influencing these crazy decisions????

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    Mute Ross
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    Jul 8th 2021, 12:13 AM

    Justice herself, famed for fair dealing,
    by blindness had not lost her feeling;
    her left hand, which the scales should hold,
    had often dropped them, bribed with gold;

    21
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    Mute Philip Cullen
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    Jul 7th 2021, 11:02 PM

    Totally ridiculous, they should be passing a law to prevent funds from buying homes.

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    Mute Keith Doyle
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    Jul 7th 2021, 6:48 PM

    C#nt

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    Mute anne
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    Jul 7th 2021, 3:53 PM

    We all really need to get real! Consistantly in recent times whenever Opposition Parties raise an objection to some part of Government policy it makes a headline piece in Journal.ie & some of Social Media!..I know a local Election is on this week, but the Taosaigh is right on this occasion. Opposition for Opposition sake, just noise! A bit of Balance Journal.!

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    Mute CASO
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    Jul 7th 2021, 4:11 PM

    @anne: so your OK with Government giving Vultures tax breaks?

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    Mute Ed
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    Jul 7th 2021, 7:20 PM

    @anne: Seems like you’re not too bothered Anne. Probably think all those moaning youngsters need to buck up and work harder than they already are to buy their first home.

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    Mute Stephen Byrne
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    Jul 7th 2021, 8:17 PM

    @anne: sad

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    Mute Alan Baird
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    Jul 8th 2021, 9:54 AM

    @anne: other countries have a rental system that doesn’t enslave and diminish the standard of living of its citizens.
    Consistent tax breaks to banks, corporations, and vulture funds only benefit the elite, at the cost of generations of Irish taxpayers.
    Show me an example of these breaks, charitable statuses where they are benefiting Irish society?

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    Mute trebloc01
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    Jul 8th 2021, 12:27 AM

    The TD’s who voted for this are a thundering disgrace

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    Mute Epgenetics29 Declan Christoph
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    Jul 7th 2021, 11:14 PM

    Pyramid, ponzi, parasitic, putrid politics. The FFG get rich quick scheme, they’ll be great! Sure you voted for this so I wish them good luck in their conscious free bargain basement devaluation of your pensions and savings. It’s only great crack to see the delusional crowd think that they can remain untouched by this debacle. Mr Magoo politicing.

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    Mute Mary Nugent
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    Jul 7th 2021, 8:32 PM

    They could change the laws on CPO for this type of thing. They would have years to work it out.

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    Mute Brendan Woods
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    Jul 8th 2021, 12:44 AM

    Tomorrow could be the start of the end. #DBSBE.

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    Mute Mary
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    Jul 7th 2021, 11:14 PM

    Why is this happening

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    Mute Peter Jo
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    Jul 7th 2021, 10:47 PM

    What’s new

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    Mute Eddie O'Neill
    Favourite Eddie O'Neill
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    Jul 7th 2021, 11:13 PM

    Fupp them anyway

    13
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    Mute Stasia Morley
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    Jul 7th 2021, 11:43 PM

    We are all losers with this arrangement in government it time for a general election and people watch where you put you mark

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    Mute Willie Bill Bryan
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    Jul 8th 2021, 5:32 AM

    WOW again a shafting of the people

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    Mute Declan Thornton
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    Jul 7th 2021, 10:51 PM

    There they were gone

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    Mute Mary Mc Carthy
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    Jul 8th 2021, 4:22 AM

    Hopefully this will cost this inept government the next election .

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    Mute Joseph Duggan
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    Jul 8th 2021, 12:45 AM

    Council own the land esbjerg belongs to us Irish belongs to us trades in Dublin get the same salaries all over ireland ff@fg say we cannot build the amount of houses needed so the houses have be so expenses cannot understand they can borrow money @zero interest ???????????????????????

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    Mute John Fairclough
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    Jul 8th 2021, 1:04 AM

    @Joseph Duggan: totally agree

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    Mute Maurice Frazer
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    Jul 8th 2021, 9:16 AM

    One reason to go out and vote today if you are in Dublin Bay South. Send our Landlords (FF, FG, GREENS & OTHERS) a message

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    Mute Mary Fitzsimons
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    Jul 8th 2021, 11:12 AM

    Someone in the government or senior civil service is writing this bill in the cold awareness of preserving their income. That or those people should be rooted out and tried for treason.

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    Mute Marianne Sherlock
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    Jul 8th 2021, 11:01 AM

    ..selling off our Country bit by bit..

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    Mute Mike
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    Jul 8th 2021, 10:22 AM

    Well done to all the clowns who vote for parties that work against the people they’re supposed to represent…Well done..

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    Mute Sean Barron
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    Jul 8th 2021, 1:32 PM

    They are completely blind to the damage they have done to our young generation and to themselves in the next election. I’ll never vote for any of these ever again!!

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    Mute Alan Baird
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    Jul 8th 2021, 9:47 AM

    Generation rent slave, learn to grow potatoes again. Emigration of more young Irish talent.
    It’s as if the British landlord model and the Viking slave port of Dublin, never left.
    It is definitely time for a “Liberator”, once again in Irish society.
    We need Irish Emancipation, from the carpet baggers.

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    Mute Dermot O'Reilly
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    Jul 8th 2021, 8:04 AM

    Wrong

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    Mute Mary Paget
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    Jul 8th 2021, 11:38 PM

    Drink up there have yis no homes to go to remember that can’t do either now

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    Mute Jane Considine
    Favourite Jane Considine
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    Jul 8th 2021, 9:40 AM

    Booo

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    Mute Jane Considine
    Favourite Jane Considine
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    Jul 8th 2021, 9:41 AM

    Boo.

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