Property and investment funds

 

Sir, – Groundhog day – again. Greystar, the US vulture fund, is swooping in to buy up 342 homes, en masse, in Griffith Avenue, Dublin (Commercial Property, July 7th).

By the time Minister for Housing Darragh O’Brien gets down to stopping this usurpation of Irish homes by foreign “investment” profiteering funds there will be very few crumbs left over for young couples seeking to buy a home.

– Yours, etc,

BRENDAN BUTLER,

Malahide,

Co Dublin.

Sir, – I note from your paper yesterday that the new apartments nearing completion on Griffith Avenue are to be sold to a South Carolina vulture fund, and will only be available to rent.

As a local parent of three adult children, all of who have good, secure permanent jobs, this should be a disappointment, but as the units are valued at more than €500,000 each – more than a house in Marino – none of them could afford one anyway.

– Yours, etc,

MARK CROWTHER,

Marino,

Dublin 3.