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The Saker
A bird's eye view of the vineyard

offsite link Will the West?s greed and hatred lead to the end of the world? Fri Aug 12, 2022 17:04 | The Saker
By Aram Mirzaei for the Saker blog It can certainly be said that the risk for nuclear war is far greater today than it was less a year ago. Ever

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The Saker >>

Public Inquiry
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Human Rights in Ireland
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Lockdown Skeptics

The Daily Sceptic

offsite link Salman Rushdie Stabbed in New York Fri Aug 12, 2022 17:21 | Toby Young
The writer Salman Rushdie was stabbed earlier today while speaking on stage at an event in Buffalo, New York. He was air-lifted to hospital where his condition is unknown.
The post Salman Rushdie Stabbed in New York appeared first on The Daily Sceptic.

offsite link If the Hallett Inquiry Says There Was No Alternative to Lockdown in Light of Neil Ferguson?s Apocaly... Fri Aug 12, 2022 16:30 | Nick Rendell
We were told there was no alternative to lockdown after Niel Ferguson warned of 200,000 deaths. But official UK inquiries into previous pandemics described modellers as 'court astrologers' and advised scepticism.
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The post Karol Sikora: ?I Was Called a Killer For Warning of Lockdown Harms? appeared first on The Daily Sceptic.

offsite link Ivan Katchanovski Responds to Ian Rons Fri Aug 12, 2022 11:09 | Noah Carl
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The post Ivan Katchanovski Responds to Ian Rons appeared first on The Daily Sceptic.

offsite link One in Three Vaccinated Teenagers Suffer Cardiovascular Side-Effects, One in 43 Suffer Heart Inflamm... Fri Aug 12, 2022 09:00 | Will Jones
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The post One in Three Vaccinated Teenagers Suffer Cardiovascular Side-Effects, One in 43 Suffer Heart Inflammation ? Study appeared first on The Daily Sceptic.

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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/
 
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