Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Most of the points have been made. My position on the scheme is similar to my position on home renovation measures in that I consider the objective of this scheme to be very good. If it works, it will be great and I can think of many places in Dublin city centre and Dún Laoghaire which fit into this category. Given the role property based tax incentives had in creating the bubble and crashing the economy, one must be very cautious. However, I take the Minister's word that the scheme will be implemented on a pilot basis and that we need to be careful. Deputy Doherty correctly identified some areas of concern that will need to be examined to ensure the scheme is not abused. This is a good initiative. The correct approach is to be experimental, rather than jumping in head first before we know exactly how it will play out.