Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I read the summary of the report. Did the authors make any specific recommendation as to how we can increase the rate of homeownership for the younger age cohort, particularly those aged 25 to 34? It is not just that group. It is estimated that only 50% of 25- to 34-year-olds are homeowners. Among those aged 35 to 44, the homeownership rate is 58% currently, and could go up to 71%. Looking at those aged 45 and over, the homeownership rate is around 80% to 90%. Have the authors of the report made any recommendations on particular measures that need to be taken to address homeownership rates? To put it another way, do the authors have a particular view as to whether homeownership is a good or a bad thing, as distinct from renting? Obviously, if people are renting, they are more exposed. They are then paying that cost for their entire lives. However, if they buy a house, one would hope that they could clear their mortgage before they reach retirement age. I ask for Dr. O'Toole's perspective on that.