The latest example of State-sponsored rip-off and wastage is currently being erected in the Finglas area of Dublin.
This week, after a multitude of protracted delays, work finally began to erect 39 so-called ‘rapid-build’ modular homes in Finglas, Dublin.
Deemed ‘modular’ as some parts are assembled offsite and then put together at the site, these contraptions have a price tag of about €180,000 each. This is well in excess of the €80,000 price originally announced by Alan Kelly back in the day, and easily exceeds the price of most ‘traditional’ properties in the area.
Furthermore, while a traditional house accrues value over time, a modular home steadily loses it. The building becomes uninhabitable after a few short decades, which makes the upfront asking price a complete waste of money, and bears the overtones of a ‘get-rich-quick’ scheme for the developers.
It will take an estimated 12 months to assemble these modular homes, too, which means that the short term gain is nought for those waiting to exit emergency accommodation.