Oireachtas Joint and Select Committees

Thursday, 27 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Insurance Schemes: Discussion

1:15 pm

Mr. Karl Deeter:

I have built and renovated houses. When I was younger, I used to work in construction. I was not smart enough to get a good internship. The cost in terms of GDP per capitain all developed countries in the world has gone up for houses. One must bear in mind world population rises and city population rises and that scarcity increases in cities. That is typically where one sees the highest compression in land values.
We do not tax vacant land. That is a huge missed opportunity. Not only that, the place Senator Barrett's dad bought - I do not know his vintage but I am guessing it was a while ago-----

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