Comments on: Irish property (again), the Austrian Theory, and other small notes http://www.lyranthe.org/diary/2007/02/04/irish-property-again-the-austrian-theory-and-other-small-notes/ Musings about technology, Irish events, and other miscellaneous stuff. Sat, 22 Nov 2008 00:39:59 +0000 http://wordpress.org/?v=2.3.3 By: Laura http://www.lyranthe.org/diary/2007/02/04/irish-property-again-the-austrian-theory-and-other-small-notes/#comment-611 Laura Tue, 27 Feb 2007 14:07:11 +0000 http://www.lyranthe.org/diary/2007/02/04/irish-property-again-the-austrian-theory-and-other-small-notes/#comment-611 The point that the entire affordable housing initiative is only becoming accross the board just at the point at which the market needs rescuing is definitely convincing. However if councils, etc, are basically subsidising house prices, then this is being paid for with money coming from somewhere. Wheere is this cash suddenly coming from, or more correctly, what enormous stealth taxes are we going to find to pay for this? Looking at recent buys, the discount is often around 50%. Where is this cash suddenly coming from? The point that the entire affordable housing initiative is only becoming accross the board just at the point at which the market needs rescuing is definitely convincing.

However if councils, etc, are basically subsidising house prices, then this is being paid for with money coming from somewhere. Wheere is this cash suddenly coming from, or more correctly, what enormous stealth taxes are we going to find to pay for this? Looking at recent buys, the discount is often around 50%. Where is this cash suddenly coming from?

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