Saturday 20 January 2018

We can boost house-building without a return to madness

Pouring borrowed money on the public is not the way to solve housing shortages, says Stephen Donnelly

Ronan Lyons
Ronan Lyons

Stephen Donnelly

So the Government's looking to get 95 per cent mortgages going again. And thinking about using public money to insure banks against bad mortgage lending in the future. Sweet Lord, it's hard to know where to start with this one.

The story hit the Independent's front page on Tuesday. At first, no doubt, many thought it must be a joke – a late April fools, or an ill-judged attempt at irony in a post-property crash Ireland.

But the following day, the Government launched 'Construction 2020'. And there they were, the Taoiseach and Tanaiste, wandering around a building site in Abbotstown, posing beside big yellow diggers, clutching their purple policy paper. It's Fianna Fail electioneering for dummies.

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