Oireachtas Joint and Select Committees
Thursday, 5 May 2016
Committee on Housing and Homelessness
Minister for Finance
10:30 am
Ruth Coppinger (Dublin West, Anti-Austerity Alliance) | Oireachtas source
The difference with vulture funds is that they buy huge numbers of properties at one time and that they also sell them en massein this way. That has been the experience of 40 families in one estate in Tyrrelstown. Therefore, vacant possession can be sought to sell a property in this country. That is the aspect that these funds cite. The Minister does not seem to have an understanding of the way 40 families - possibly 100 - leaving an area at the same time might constitute a problem.
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