pernickety
Registered User
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I'm living in France and was watching an interesting programme on the tv tonight called "capital" which looks at different subjects every fortnight. tonight they were discussing the property market, the difficulties in buying, the increases in the past 5 years esp. around the Parisian region.
one mayor of a town bordering Paris has decided enough is enough and has come up with a perfectly legal way of controlling prices. His town, Pantin, has become v. expensive and he sees the rich moving in and all the locals being forced out. To stop this he now steps in when he thinks a seller is asking a ridiculously high price and offers to buy the house/apartment himself (on behalf of the town) at the real market value which could be 15 or 20% lower. According to french law the town has the right to do this.
Just wondering what your opinion is on this? Could it work in Ireland? (Of course the obvious problem is the Pantin person wanting to trade up, losing the ridiculous profit when selling but still having to fork out when buying in another town).
one mayor of a town bordering Paris has decided enough is enough and has come up with a perfectly legal way of controlling prices. His town, Pantin, has become v. expensive and he sees the rich moving in and all the locals being forced out. To stop this he now steps in when he thinks a seller is asking a ridiculously high price and offers to buy the house/apartment himself (on behalf of the town) at the real market value which could be 15 or 20% lower. According to french law the town has the right to do this.
Just wondering what your opinion is on this? Could it work in Ireland? (Of course the obvious problem is the Pantin person wanting to trade up, losing the ridiculous profit when selling but still having to fork out when buying in another town).