Dublin City Council to spend €125m on ‘turnkey’ homes

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Dublin City Council plans to spend €125 million on purchasing hundreds of homes, already under construction, before they hit the open market.

The local authority has issued the tender to find developers that can provide social and affordable homes as part of its housing programme to deliver 9,000 new homes between 2022 and 2026.

The tender document issued by Dublin City Council states the organisation will consider buying up partially finished housing units that are ...

 

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They are basically propping up prices. A wealth transfer from the tax payer to developers and land owners.

This isn’t ‘delivering’ new homes. It’s depriving 9000 ordinary hardworking buyers of homes

Ironically helped paid for by those who do work, for those that don't/won't work, all while keeping out those who do work from buying a home to begin with. Way to incentivize working! 🙄 (Not including those on disability etc of course)

Why not create more price demand sure 🤷‍♂️

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