Oireachtas Joint and Select Committees
Wednesday, 16 July 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Pre-Budget Submissions: Discussion (Resumed)
4:50 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
I met with a group last night and it is not the REITS programme but another way of looking at the problem. Properties could be institutionalised and put into long-term pension funds. The active side of the loan could be put into something more structured and the legacy debt dealt with through a pension fund. If the approach was taken of an institutionalised, private rented sector, could we have standards applied, uniformity across the market and a rent structure if not rent control? I would be interested in the comments of all witnesses on whether there is an opportunity for that to happen.
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