Saturday 25 March 2017

Homes shortage changed the game

Commentators are blaming Nama and the government for the currrent housing crisis.
Commentators are blaming Nama and the government for the currrent housing crisis.
Paul Melia

Paul Melia

IT wasn't very long ago that anything seen as helping developers would be considered political suicide.

How things have changed. The Government is now desperately trying to provide homes for families priced out of a market crippled by a lack of supply.

The windfall tax was designed to give something back to the taxpayer after land was rezoned for housing. It didn't exist during the boom, meaning developers became rich at our expense.

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