Tuesday, Feb 09, 2010
Depends what you mean by
Irish Times: No demand for €27m of affordable housing
Council gets "affordable" housing from developers.
No-one on the waiting list wants any of it.
Council drops prices 20%.
No-one on the waiting list wants any of it.
Posted by eugene @ 10:09 AM (216 views) Add Comment
2 Comments
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1. Neil B said...
Not a case of no-one wanting them; more a case of no-one being able to secure a mortgage for prices like that (180,000), especialy when 'affordable housing' is only offered to key workers and those on low incomes: This type of council scheme should now be relabled as "Unaffordable Housing". All of these properties are the run down council estates of the near future.
2. freemanphil said...
That is because prices must fall about 90% to restore a true standard of living. Homebuyers are on strike and are not willing to suffer austerity to pay extortionate mortgage interest payments to bankers.