Sunday 4 December 2016

Ignoring the scale of renters' panic is a 
political failure on a monumental scale

Published 13/08/2014 | 02:30

House inflation is being driven by a supply shortage in Dublin.
House inflation is being driven by a supply shortage in Dublin.

When I was a kid, a German guy moved in down the road and his dad said something that summed up his disbelief at the way Ireland worked and it has always stayed with me.

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One day, talking to my Dad at the gate, he shook his head and laughed "In Germany we buy our TVs and rent our houses; in Ireland, you rent your TVs and buy your houses."

That was true, we did rent our telly. Everyone on the road did, yet most of the houses were owned. The few renters came and went and mothers would refer to these people as "only renting".

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