Sunday Independent Not Stupid Statement of the Week November 20, 2016Posted by Garibaldy in Sunday Independent Stupid Statement of the Week.
Maybe I’m too full of Christmas cheer before it’s even December but this week it seemed worth highlighting a couple of more sensible columns instead of the usual rubbish.
Brendan O’Connor has a piece with some good stuff on the causes behind the enormous rise in rents, and who is benefiting from them.
Yet somehow, someone, somewhere decided that we should make it almost impossible for the young to buy houses unless they or their parents have loads of cash, while at the same time making it handier for guys like David and his gang to buy property to rent to those same young people.
There is, you could say, a clear policy here of social engineering, a decision to push young people out of home ownership and into renting at hugely inflated rents.
And of course Gene Kerrigan
Sustainable, all of it, it seems, as a thin layer of people make a financial killing.
We urgently need municipal housing, directly built, not tinkering with incentives in the hope the private sector will do the job – it won’t. We urgently need rent controls.
But, no – such measures would be “interfering with the market”.
There’s only one market we’re allowed to interfere with, and that’s the labour market – where we must hammer anyone who seeks a decent wage. Increasing profits and executive salaries and bonuses and pensions and dividends – all of that’s sustainable. But not wage demands.
Presumably normal service will be restored next week.