It also claimed this level of borrowing would still enable the State to have a fiscal buffer in place to meet either anticipated or unanticipated shocks to the economy.
It also cautioned that capacity constraints in the domestic labour market would have to be carefully considered. One potential risk concerning any sizeable increase in State investment in housing is the potential for “crowding out”, it noted. “However, one could argue in the present case, given the relatively low level of supply in the private sector, increased State involvement in the supply side of the market could ‘crowd in’ as opposed to ‘crowd out’ residential investment,” it said.
He said the housing situation had become critical and to avoid further rises in prices and rents “we really have to make a serious dent in the supply-side issue”.The report comes as more details of changes to local property tax were announced by Minister for Finance Paschal Donohoe on Wednesday. The new LPT rates – which Mr Donohoe has insisted are affordable – will be based on the value of homes next November. New valuations will take place every four years.
can ye stop putting up large photos of government narcissist psychopaths on news stories please. Its disturbing for readers.
That won’t happen as long as Leo the Leak is getting his brown envelopes from the vultures
crazyhouseprice
Rent sucks. Literally and colloquially. It sucks out your ability to build wealth. It sucks to pay it, every month, on the dot, ad infinitum. rentfree personalfinance moneymindset investing
. CMOIreland DonnellyStephen need to be held accountable for their refusal to implement widespread antigen testing. Ireland is being left with a huge tax bill because of lockdowns. RecovAIRie
Why are you showing the face of Leo varadkar an out-and-out loser a ministerial gangster who gave away information to a so-called colleague. The only think tank, on the housing crisis that's needed in Republic of Ireland is. To keep out the parties of of fina fire and fine Gael.
Ireland pretend to go all Nordic while its people will be sleeping in the streets or in tory finegael adult hostels, on pallets, with shared bathrooms, kitchens, and no personal security or peace of mind. FineGael are an effing disgrace.
Leo always delivers.
So basically the same old shite. Amazing how other countries have no problems with rent as most countries just rent. It's like they don't want to fix it for some reason.
Stop printing money out of fresh air
You mean govt must quadruple investment in housing just to make a dent in it
NedoSullivan2 have a read of this and tell us how well you're doing