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As homeownership falls
One thing is for sure: This is not a simple issue, and anyone who tells you they have an easy fix is pulling the wool over your eyes.
House price inflation of 22.5%
The missing factor here is perhaps an absence of political will created by an abandonment of any foundational vision of what an independent Ireland might be.
One of the metrics that charted the improvement in working people’s lives over the past century or more was the increase in home ownership. From a situation where most people lived in rented or otherwise non private accommodation, home ownership rose steadily in the western democracies to a situation where most people in most countries […]
The real debate about Ireland’s dysfunctional housing market is not about the problem but rather about how to fix it. The prevailing view seems to be that the underlying problem exists because there isn’t enough interference in the housing market. Accordingly, the only way to fix Ireland’s dysfunctional housing market is through even more government […]
To cut a long story short, the banks are charging people hundreds of thousands of euros more than they should be. Shawn Pogatchnik has the scoop: “Banks are hitting many mortgage holders with double the interest rate they need to be profitable, the Central Bank has warned in a stinging rebuke to lenders’ claims of […]
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