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May 14, 2014

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The Dork of Cork

There is no shortage of houses……….there is a shortage of purchasing power.
Building any more houses is crazy.
Dublin houses are up because that is simply where the money is (as a result of the centrazing vortice of bank money)

The real economy needs investment in primary capacity and not unneeded credit centric consumer goods.
I mean my God – there is a structural decline in Irish electrical energy consumption -AND YET WE TALK OF HOUSES !!!
http://www.cso.ie/px/pxeirestat/Statire/SelectVarVal/Define.asp?maintable=MSM01

What that really means is even less energy consumption per house unit = more empty or cold houses

Giving mortagage holders the deeds of the house would have solved our housing problem – dramatically decreasing the cost of houses and thus increasing real purchasing power.

House building is merely restarting the bank scarcity engine and serves no physical economic function other then extraction.

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