Management company debacle

AS EVERY day goes by, tens of thousands of householders continue to be the victim of unregulated management companies.

AS EVERY day goes by, tens of thousands of householders continue to be the victim of unregulated management companies. These companies demand hundreds and indeed thousands of euro every year for services that in many cases are not provided and in many more are overpriced and should be provided as a public service without a direct charge as in established estates.
It is generally those who are shackled to massive mortgages, for properties bought at the height of the boom, that are also tied up in these companies. Promises by the Greens in particular that they would enter no government, unless this extortion racket was sorted out, have long been forgotten as they sit in their comfortable jobs with their secure pensions.
Meanwhile, residents on the ground are suffering pay cuts and job losses. The level of non-payment of management fees is escalating sharply. Not a District Court session takes place without these cases being listed. Increasingly, householders are being forced to make a stand. Even the judiciary is fed up that nothing has been done.
Before Christmas, residents from Ridgewood in Swords and Martello in Balbriggan had their cases struck out. Balbriggan’s Brackenwood residents are back up in court in February, the management company having failed to reach agreement with the residents, as ordered by the judge.
This entire situation is an utter debacle, which is putting ordinary homeowners under huge and unwanted pressure. In many estates, residents have come together in order to try and take on these companies. But we need to link up beyond that.
Throughout the course of January and February, the Socialist Party is organising information forums in the areas most affected by this issue, in order to bring together those people from the different estates to exchange experiences and step up the pressure on this issue. For more information, contact Cllr. Clare Daly on 8408059.

Total
0
Shares
Previous Article

One parent family cuts

Next Article

Hughes Christensen: No more job losses in East Belfast

Related Posts
Read More

ULA: Historic breakthrough – Now build a socialist opposition

Enda Kenny was proposed as Taoiseach by the youngest Fine Gael TD in a gushing speech. Then Labour's youngest TD was very happy to second the proposal. Micheal Martin gave his own endorsement. As well he might, seen as the new government just copied and pasted the policies of the outgoing Fianna Fail / Green administration, who in turn had copied and pasted them from the IMF and EU bosses.

Read More

FAI: Record seven clubs gone bust in six years

John Delaney, the chief executive of the Football Association of Ireland, has announced that he is to take a pay cut of 10% which brings his salary down from €400,000 to €360,000. Even with his pay cut Delaney will be payed more than the prize money for the entire League.  It cost €19,000 euro to enter the league yet if a club finishes fourth in the league they will receive a measly €15,000 euro. Delany could pay for €4,500 worth of Irish fans’ drinks in Poland, while at the same time Monaghan are allowed to fold because of debts of €6,000.