Dermot Desmond Tells Housing Ministers Investment Funds "Having A Laugh" At The Govt.

• News Home
• More from National News

Sunday, October 10th, 2021 11:51am

By Ciara Plunkett @plunkettciara

• Share on Facebook
• Share on Messenger
• Share on Messenger
• Share on Twitter
• Share on Whatsapp

File image: Rolling News

The billionaire financier has sent letters to Minister Darragh O'Brien and Taoiseach Micheal Martin.

A billionaire financier has told the Housing Minister that investment funds are 'having a laugh' at the government, and making a lot of money in the process.

The Business Post reports that Dermot Desmond sent letters to Minister Darragh O'Brien and Taoiseach Micheal Martin.

He said buying and leasing social homes from private developers and investment funds, was a criminal waste of money.

Mr Desmond insisted that allowing the private market to dictate the price of social housing, is a shocking mis-management of public funds.

Billionaire Dermot Desmond has weighed in on the housing crisis topic again.

This time writing directly to the Taoiseach and Housing Minister to tell them Ireland is “prey to greedy developers and international investors” because of its housing policyhttps://t.co/rwuLjKRUgK pic.twitter.com/wHr4k5xuQD

— Killian Woods (@killianwoods) October 10, 2021

More from National News

• Hundreds Of Pubs Have Been Forced To Close Due To the Pandemic

  Pubs have bore the burnt of Covid restrictions since the pandemic began.

• New State Forensic Lab To Be Completed In Celbridge Next Year

  Updated time line revealed for the construction of the Backweston facility

• Hospital Waiting Lists Reach Record Highs

  Waiting lists have increased by 41,000 over the last 12 months.

• Police Investigating Death Of Irish man In Spain

  24 year old was found dead in a swimming pool.

• Restaurants Happy To Continue With Covid Passes

  Government considering continued use of Covid passes over the winter months

• Investigation Launched Following Shooting In Cork

  A man was seriously injured in Blackpool

• Garda Commissioner Doesn't Want To Rush To Judgement On More 999 Call Cancellations.

  The Policing Authority says more such instances have come to light in the next month.

• ESRI: Budget 2022 Won't Help Low Income Families Keep Pace With The Rising Cost Of Living.

  It says low-income families and people dependent on the State pension could struggle financially