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The Chickens come home to roost!
antrim |
housing |
opinion/analysis
Tuesday August 26, 2008 21:08 by Sean Matthews - Belfast Workers Solidarity Movement (personal capacity)
The struggle against property developers.... While the rest of us are coming to terms with a deepening recession, growing house repossessions, stagnation in rises and steep rise in the cost of living. In the face of a so-called downturn in the housing market and credit crunch, the wealthy in the form of parasitic property developers and speculators expect to be bailed out by the Government for their calculated era in borrowing too much from Banks and leading to first time buyers According to Brendan Cunnane a spokesperson from the The Construction and Property Group, "Urgent action is needed to prevent total market failure". (BBC News article- 20/08/08) |