Oireachtas Joint and Select Committees
Thursday, 18 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Last question, Mr. Moran. From freedom of information and other sources, we believe that the current policy of the Department of Finance is that house prices should rise ... it would be a good thing if house prices went up. And The Sunday Business Post, just Sunday gone out, said that there would be a €200 million fund from the National Pensions Reserve Fund to developers in relation to new residential developments. Now in view of the nightmare our society has been through with throwing money at developers with massive house price inflation, etc, is that really the road to take? Is that ... does that indicate that we've learned from the past? And would you say, and this is my last question, that perhaps there would be an argument for thinking, to go back to the '60s and '70s model of public sector provision of badly needed housing, to sort the housing crisis that we have at the present time - would that be a lesson to learn from what we've come through?
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