There is, it would appear, little prospect of a stable government being formed in the short run. What are the implications of political uncertainty for purses and wallets? Could an extended political vacuum slow the economy or, worse still, bring growth to a halt?
And what are the options for a new government to bring about change in housing, one of the most talked about issues during the election?
Before getting to those questions, let's take a look at the latest news on the state of the economy right now.
Unlike the ongoing political mess, things remain very rosy economically. On Tuesday, quarterly jobs statistics were published. They are the most important set of numbers on the economy. They were - yet again - almost gravity-defying.
Despite uncertainty over Brexit, despite weak global growth for close on 18 months, and despite already low unemployment, jobs are being created at the rate of knots.
In the last quarter of 2019, 10,000 more people were at work each month. Since the economy turned around in 2012, employment has gone up by almost half a million.
A deep dive into the jobs data also delivers a pleasing picture. Most sectors are adding jobs. Almost all regions are adding jobs. All age groups are benefiting from a strong jobs market.
All of this is helping to drive the domestic economy. So, too, are wages and salaries. The latest figures show that the tight labour market is causing pay growth to accelerate. Among other things, this is making home-buying more affordable.
Nationally, house prices have stabilised. In other words, prices have not been moving up or down in any discernible way over the past year and more. Because average pay growth across the country is rising solidly - around 4pc a year - homes are now becoming more affordable.
For renters, who have really been at the hard end of the housing shortage, things are not so good. While house prices are a fifth below their peak 12 years ago, rents are almost one third higher. And they continue to rise. What passes for good news for renters is that rent inflation is easing, and is now coming into line with pay growth. This means, on average, that rents are not eating up an ever bigger share of people's incomes.
More homes are the main factor in curbing inflation in house prices and rents. Supply may not be the only thing affecting affordability, but it is by far the most important.
Last week, the latest home completion numbers were published. They showed that more than 21,000 new homes were built last year and, as of the final three months, new supply was rising by almost 20pc per annum. Whoever forms the next government will have the wind at their backs when it comes to housing.
That leads us nicely back to the questions posed at the beginning of this column. Could a (still lean) economy that is growing strongly be kiboshed by an extended period of political uncertainty?
Uncertainty is bad for economies. In the recent past there has been no under- supply of political uncertainty across the world. But, as after the 2016 election when it took nearly three months to form a government, political events that once threatened to derail economies appear to be less impactful than they once were.
That can be seen in many places. Belgium has broken records for the duration of its caretaker governments. In Spain and Israel, parliaments have failed to form any governments and voters have been forced to return to the polls. In none of these instances, or others like them, has political uncertainty shown up in economic data.
Even something as uncertainty-inducing as Brexit has had surprisingly few economic effects. There have been negatives for sure, but as this week's jobs figures for Northern Ireland and Britain show, there is no sign of economic anarchy in the UK.
Unemployment north of the border - at a mere 2.3pc - is half of what it is down south. Across the water, there have never been more people at work.
The conclusion from all this is that Ireland should be able to get away with an extended period of political uncertainty without paying an economic price.
What about radical change on housing? As discussed above, things are already moving in the right direction. That will give the next government more wins during whatever honeymoon it has. The next government could also do some radical things that don't require more money, such as loosening planning laws and building regulations.
But it won't be plain sailing. And just because a new political consensus has emerged - that additional resources, on top of those already committed, should be put into housing - does not mean that more money magically materialises.
The next government could provide significant additional resources in three ways: by taking money from other spending lines, by raising new taxes, or by borrowing more. None can be done easily.
Only a fraction of total public spending goes to housing. The housing budget could easily be doubled by taking resources from other spending lines. But never underestimate the difficulty of doing that.
Cutting spending will always cause a political backlash from those affected. The next government is unlikely to want to face protesters accusing it of austerity before ministerial seats are warmed.
What about more borrowing? Here, the next government will find that its predecessor was already pushing the limits of EU-level budget rules. Those rules are centred on preventing governments from telling voters they can have things today that will only be paid for in the years to come.
The third option - and one that the EU rules (rightly) have nothing to say on - is raising taxes to finance more spending. A 1c increase on everyone's income tax and a similar rise in the basic VAT rate, time-limited for three years and ring-fenced for housing only, could be among the politically easier measures to put in place. They would certainly generate lots of cash.
But, as today's votes on a new Taoiseach will show, it will be weeks, if not months, before decisions on which option to plump for are taken.