Sinn F\u00e9in TD for Dublin South West Se\u00e1n Crowe has described Government tax breaks and sweetheart deals has led to foreign vulture funds swooping in and gobbling up the scarce supply of homes, pricing Irish families out of the market, and then pretending they didn\u2019t know it would happen.<\/p>\n
Teachta Crowe said:<\/p>\n
\u201cThe Government\u2019s policy is to incentivise and support investment funds to buy up housing right across the state. Fianna F\u00e1il and Fine Gael rolled out the red carpet for them with a range of sweetheart tax advantages.<\/p>\n
\u201cThey pay no corporation tax, no capital gains tax, minimal stamp duty and no tax on the extortionate rents they charge. This is rightly infuriating young couples and first time home buyers.<\/p>\n
\u201cYear after year, Sinn F\u00e9in have submitted amendments to the Finance Bill to close down these tax loopholes so that investment funds could not crowd workers and families out of the housing market.<\/p>\n
\u201cLast year, when my colleague Pearse Doherty TD submitted amendments to the Finance Bill concerning these loopholes, every single one was voted down by Fine Gael, Fianna F\u00e1il and the Green Party.<\/p>\n
\u201cNo Irish family trying to buy a home can possibly compete with the almost limitless funds of these vulture funds What happened at Mullen Park in Maynooth, where an entire estate was bought up, is a wake up call. This type of purchase and impact it has had on ordinary buyers is a direct result of a policy designed and defended time and again by Fianna F\u00e1il, Fine Gael and the Greens<\/p>\n
\u201cIn the teeth of a housing crisis, first time buyers and renters are being locked out of the market by international investment funds that are buying up swathes of new builds and in turn pushing up house prices. The direct consequence is that these big wealthy funds can swoop in and gobble up those limited houses that workers and their families would have expected to be able to afford.<\/p>\n
\u201cNow, Fianna F\u00e1il and Fine Gael are pointing the finger at each other, trying to shift blame for policies they both enacted. Watch this space; it\u2019s only a matter of time before they move on from their petty squabbling blame the opposition, particularly Sinn F\u00e9in.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Sinn F\u00e9in TD for Dublin South West Se\u00e1n Crowe has described Government tax breaks and sweetheart deals has led to foreign vulture funds swooping in and gobbling up the scarce supply of homes, pricing Irish families out of the market, and then pretending they didn\u2019t know it would happen. Teachta Crowe said: \u201cThe Government\u2019s policy […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4551","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/4551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/comments?post=4551"}],"version-history":[{"count":2,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/4551\/revisions"}],"predecessor-version":[{"id":4561,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/posts\/4551\/revisions\/4561"}],"wp:attachment":[{"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/media?parent=4551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/categories?post=4551"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/seancrowe.ie\/home\/wp-json\/wp\/v2\/tags?post=4551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}