Interested in maladministration. Estd. 2005
RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony
Joe Duffy is dishonest and untrustworthy Anthony
Robert Watt complaint: Time for decision by SIPO Anthony
RTE in breach of its own editorial principles Anthony
Waiting for SIPO Anthony
Public Inquiry >>
Promoting Human Rights in IrelandHuman Rights in Ireland >>
We Don?t Need More Windbags. We Need Water Plants and Batteries Sat Aug 16, 2025 17:00 | Clive Pinder
The West doesn't have an energy problem, it has a guts problem ? wasting billions on green boondoggles instead of building the tech that works, says Clive Pinder.
The post We Don?t Need More Windbags. We Need Water Plants and Batteries appeared first on The Daily Sceptic.
Hackers Capture Personal Data of Former Tory Ministers, British Troops and Thousands of Afghans in L... Sat Aug 16, 2025 15:00 | Richard Eldred
In yet another Ministry of Defence cock-up, personal data of former Tory ministers and British troops has been compromised following a cyber attack on a subcontractor handling official flights.
The post Hackers Capture Personal Data of Former Tory Ministers, British Troops and Thousands of Afghans in Latest Ministry of Defence Blunder appeared first on The Daily Sceptic.
How Can We Create a Censorship-Free Internet? Sat Aug 16, 2025 13:00 | Dr R P
Brits are flocking to VPNs to dodge the Online Safety Act, but Dr R P, a robotics scientist, warns that creating an internet that's genuinely censorship-free is going to be hard.
The post How Can We Create a Censorship-Free Internet? appeared first on The Daily Sceptic.
Why is Labour Paving Over Britain?s Arable Heartlands Without Consulting Local People? Sat Aug 16, 2025 11:00 | Simon Panter
Labour's Net Zero drive is converting prime farmland into solar farms, silencing local farmers and gambling with Britain's food security, warns Simon Panter.
The post Why is Labour Paving Over Britain?s Arable Heartlands Without Consulting Local People? appeared first on The Daily Sceptic.
No Point Arresting Shoplifters When Courts Set Them Free, Says Policing Chief Sat Aug 16, 2025 09:00 | Richard Eldred
Britain's shoplifting tsar says it is "madness" how many times thieves are caught before going to jail, warning there is no point arresting them if courts just set them free.
The post No Point Arresting Shoplifters When Courts Set Them Free, Says Policing Chief appeared first on The Daily Sceptic.
Lockdown Skeptics >>
Voltaire, international edition
Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en
Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en
Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en
Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en
The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en
Voltaire Network >>
national |
housing |
press release
Friday June 01, 2007 15:54
by SDLP Youth - SDLP
printable version
Digg this
del.icio.us
Furl
Reddit
Technorati
Facebook
Gab
Twitter
View Comments Titles Only
save preference
Comments (1 of 1)
Jump To Comment: 1Hello, I just surfed into your site. I am a father of four children between the ages of 22 and 30. I went up for election as an independent candidate in Sligo North Leitrim to highlight this very grave injustice that is being perpetrated on our young men and women on this isle of ours. The bottom line is that house prices both North and South are increasing rapidly because of the unseemly inward investment in mortgages from Elderly Europe! What is happening is that financial companies are bungling hundreds of mortgages together and selling them to European Pension Funds etc one and two billion euros at a time; now they take a big commission from the European Pension Fund; and then they have the balance to lend out again, and on and on and on!. The limit is: what the youth will bear. All the banks etc are at it; loads of commission is being collected from Pension Funds etc.
Our Governments are restricted from borrowing 60% of GNP by various EU agreements; but there is no restriction on the amount that Banks etc can lend out to our young men and women, can be up to 6 and 9 times salary. I reckon that c.€50,000,000,000 (yes 10 zeros) has entered the Southern Irish Housing market in this way. Housing in Dublin has increased by c. three times in the past 10 years when the CPI Index only increased by 30%. THIS IS PURE ECONOMIC MADNESS. This investment mirrors the total USA investment of €50Bn in the Irish Economy but will pull in the opposite direction i.e. young people will need huge salaries to buy a house. USA investment will fly out of Ireland. I called for a National Enquiry into this whole affair; even went to the expense of paying for an input to The Sunday Independent to highlight the potential disaster of this unregulated investment in Ireland. Ouch! The Silence! I reckon that this small economy will not be able to withstand worrying implications of this unplanned (by Govt. Authorities, politicians, etc). European Pension Funds are also being ripped off! All this is happening unbeknownst to our Politicians. Congratulations to the youth of the SDLP who have the gumption and the wherewithal to QUESTION!