IT: Council runs up €18m debt on unsold affordable houses

Quote: However, if the first two people on the list rejected the house or apartment, the council was obliged to buy it from the developer at the agreed discounted price. The obligation then fell on the council to find a buyer.

What a great idea for property developers to offload the crap stuff in their estates, i.e (no view, less parking, worst garden, overlooked etc etc). What idiot in the council agreed to this???

The one with the brown envelope in his back pocket.

And Cork City Council has over 800 units.

tip of the iceberg here