The human cost of housing crash
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.
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.