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Comment #4920340 by Jonny

Jonny Mar 27th 2016, 8:12 AM #

“This is not a natural disaster, it is a policy decision”

FF/FG/LB would have you believe that this is what happens in recession, that it’s “natural”, but no they had choices and they chose the interests of a few over the interests of the masses. Makes me so sick.

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Vulture funds pick and peck and they're not finished yet

Vulture funds pick and peck and they're not finished yet

The vultures arrived in Ireland after the crisis when they realised there was a lot of property up for grabs at knock down prices, writes Michael Byrne.


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    Mar 27th 2016, 9:29 AM

    Exactly, firesales of property advertised outside Ireland at knock-down prices, first-time buyers unable to access credit to buy homes at a time when property was cheap, even if they could well afford it. Empty units sat on by nama to deliberately shrink availability and push up prices. No social housing built, this is a deliberately created bubble, fg/lab have a lot to answer for, they learned nothing from ff mismanagement. This bubble will be much more short-lived but has the potential to cause even more damage than the last one, fg/lab have begun the vile action of selling Ireland to foreign landlords just to further their political careers.


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