A very good read on the housing crisis and the issue we face going forward.
“The conclusion of this data is that the Irish housing crisis is caused by a lack of bank finance allocated towards the construction of new homes. The policy solution should be regulation of the Irish banking sector by the Irish state to increase the quantity of credit supplied especially to new home construction as well as to the general economy too. Discussion around the Irish banking system’s quantity of credit are pretty muted compared to the mainstream debate. While there is nuance to everything, the big picture is that the Fianna Fáil and Fine Gael seek to solve the housing crisis through more subsidies and/or tax breaks to private and largely foreign investors while Sinn Féin, People Before Profit, and such advocate for direct state construction of homes and/or the controversial state confiscation of what they determine to be “vacant” private homes. It seems that the easiest solution is to simply tell the Irish banking sector to start acting like every other competent nation’s banking sector and lend adequate quantities of credit to the nation. In the early 20th century, Irish nationalists complained that Irish banks with Irish deposits were not sufficiently lending to Irish households and businesses. 100 years later this is happening again and it’s a mystery as to why it is allowed to continue unabated.”
Is this not a global issue ?
Didn’t we already have rather a lot of cowboy developers being provided with loans they never would have had the capacity to pay back building substandard housing? The solution to the housing crisis is to open up more funding to developers? Surely we would be setting ourselves up for more of the same?
Medium cities like Cork, Wexford… should be developed, and big tech companies should be encouraged to settle outside Dublin and Cork. Dublin is too much crowded.
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A very good read on the housing crisis and the issue we face going forward.
“The conclusion of this data is that the Irish housing crisis is caused by a lack of bank finance allocated towards the construction of new homes. The policy solution should be regulation of the Irish banking sector by the Irish state to increase the quantity of credit supplied especially to new home construction as well as to the general economy too. Discussion around the Irish banking system’s quantity of credit are pretty muted compared to the mainstream debate. While there is nuance to everything, the big picture is that the Fianna Fáil and Fine Gael seek to solve the housing crisis through more subsidies and/or tax breaks to private and largely foreign investors while Sinn Féin, People Before Profit, and such advocate for direct state construction of homes and/or the controversial state confiscation of what they determine to be “vacant” private homes. It seems that the easiest solution is to simply tell the Irish banking sector to start acting like every other competent nation’s banking sector and lend adequate quantities of credit to the nation. In the early 20th century, Irish nationalists complained that Irish banks with Irish deposits were not sufficiently lending to Irish households and businesses. 100 years later this is happening again and it’s a mystery as to why it is allowed to continue unabated.”
Is this not a global issue ?
Didn’t we already have rather a lot of cowboy developers being provided with loans they never would have had the capacity to pay back building substandard housing? The solution to the housing crisis is to open up more funding to developers? Surely we would be setting ourselves up for more of the same?
Medium cities like Cork, Wexford… should be developed, and big tech companies should be encouraged to settle outside Dublin and Cork. Dublin is too much crowded.
Wow that’s really well researched thanks.