Breda O’Brien: There are local solutions to the housing crisis
So-called vulture funds are seen as the obvious solution due to a flawed vision of the market solving all ills – but there are alternatives
Housing crisis: there are human stories behind every statistic. Photograph: Frank Miller / The Irish Times
If we really saw family life as important and shelter as a human right, people would not tolerate the selling of distressed mortgages to foreign funds that are only interested in a quick return and blithely indifferent to the ensuing human misery.
To treat all distressed mortgage holders as an amorphous mass of defaulters is wrong. There are human stories behind every statistic. And yes, some of those stories will describe a tiny minority of homeowners who for cynical and dishonest motives did not engage with the banks.