Ryan O'Rourke: Why I can never afford to buy my own house

When new homes are bought up in bulk by investment funds, simply to be rented, it shows that the property market is not there for people like me, writes Ryan O’Rourke

Bay Meadows, Dublin 15: The development has mostly been acquired by Round Hill Capital, together with SFO Capital Partners, and the houses will be on the rental market when completed. Pictures: Colin Keegan, Collins Dublin

I’m 27-years-old, I find myself out of reach of the lowest rungs of the property ladder. Not by inches, but by miles.

So this week's news, of wealthy investment funds, purchasing vast amounts of our nation's newly built homes, while the Government caps the cost of an ‘affordable home’ at very unaffordable €450,000, has left a bitter taste in my mouth.