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

Dr. Ronan Lyons:

The one thing is the leaky bucket. If the State invests money in helping someone to get a house, the State should have some claim on that. The idea of building a house, giving it to someone for below market rent and then at some point deciding to give it to someone is a massive waste of taxpayers' money and private households benefit at the expense of the general taxpayer. That has happened for generations. It is a tempting thing to vote in but it is a major issue.

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