Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

My point relates to what happens if they hang on to the fund for five years or for a period beyond five years. Given what is happening with rents at the moment, they must be making a fortune at present. If they are not distributing those moneys, and if they are holding on to the fund without selling it beyond the five-year period, they must be able to use those moneys to buy even more assets. Given what is happening with the inflated value of these assets, they could be using that money to increase and increase the amount of property they own and walk away with all the capital gains. That is a recipe for the complete hoovering up of property, which is what appears to be happening. They are walking away with staggering sums of money. It is just unbelievable.