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FF are proposing 100 year social housing leases!
Average annual cost of 25 year leases is €8k
So FF want to pay c€800k to lease a house from a private developer that they could build for €234k
Little wonder FF bankrupted the state when last in power! https://www.businesspost.ie/ireland/fffg-promise-referendum-on-land-price-cap-69386782
Average annual cost of 25 year leases is €8k
So FF want to pay c€800k to lease a house from a private developer that they could build for €234k
Little wonder FF bankrupted the state when last in power! https://www.businesspost.ie/ireland/fffg-promise-referendum-on-land-price-cap-69386782
No, the state pays maintenance costs in both standard council & long term leasing.
ELS charges 95% of market rent & is an even bigger rip off for the tax payer... https://www.businesspost.ie/insight/why-housing-plan-will-line-the-pockets-of-investors-46b7949b
ELS is relatively new, had little uptake & more costly than standard long term lease as property owner maintains landlord function. Most long term leases involve Council taking on landlord role (at times via AHB or MC) which is why monthly lease charge is well below market rent.
