Saturday 3 December 2016

The human cost of housing crash

Published 20/03/2016 | 02:30

'When the various negotiations are completed, and it is to be hoped that will be the case sooner rather than later, then the housing crisis, with emphasis on the associated human cost, should be upfront and central in the new government’s plan of action and dealt with by the Oireachtas as a whole with the utmost urgency. Nothing less will do.' Stock image
'When the various negotiations are completed, and it is to be hoped that will be the case sooner rather than later, then the housing crisis, with emphasis on the associated human cost, should be upfront and central in the new government’s plan of action and dealt with by the Oireachtas as a whole with the utmost urgency. Nothing less will do.' Stock image

There is no more critical issue facing the incoming government than what might be loosely referred to as “housing”, be it the dire shortage of new homes available, the associated spiralling cost of renting and the consequent homelessness scandal.

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Somewhat forgotten in the immediacy of these related crises are legacy issues related to the economic crash still affecting so many and which are quietly continuing to wreak havoc in the lives, and to the health and well-being, of so many people throughout the country.

This newspaper today publishes a survey conducted by the Irish Mortgage Holders Organisation, one of several organisations to the forefront in dealing with hundreds and thousands of indebted and distressed homeowners still struggling to make repayments and facing the threat of repossession. The findings make for truly shocking reading. The critical nature of this issue takes on more urgency now that the various vulture funds, who swooped in when the country was on its knees, are preparing to make their killing.

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