Institutional buyers of homes are not like you and me. They’re richer and more patient, which means they can afford to pay a lot more for a given home. That’s the bad news. There’s an idea that international institutional investors are logged onto Daft, hitting the refresh button every fifteen minutes, using their money to snatch homes out of the hands of ordinary Irish people.  The good news is, this isn’t the reality.  The reality is institutional investors tell developers: “if you build this block of 200 apartments, I’ll buy it.” The apartments never go on daft. The thing about…

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