Tuesday 25 April 2017

First-time buyers down the hierarchy of housing crisis victims

Is it worse to have a house and live with the burden of negativity equity or rent in the knowledge you may never be able to buy? Photo: Reuters
Is it worse to have a house and live with the burden of negativity equity or rent in the knowledge you may never be able to buy? Photo: Reuters
Kevin Doyle

Kevin Doyle

Is it worse to have a house and live with the burden of negativity equity or rent in the knowledge you may never be able to buy?

The Housing Action Plan to be launched today will seek to offer a little something for everybody - but the reality is that Minister Simon Coveney can't fix the problem anytime soon.

Even if this government sees out three years, we will still be talking about homelessness, rent prices and a dysfunctional construction sector. Experts argue that the only real solution is to build at a rate of 25,000 houses per year. Last year the figure for finished units was half that.

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