Oireachtas Joint and Select Committees
Wednesday, 17 January 2024
Committee on Budgetary Oversight
Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I have a quick supplementary question. I know Mr. Hall probably wants to come in. Mr. Kennedy has said what he has said, and it is a point to which Deputy Healy-Rae alluded. I often hear that mantra. I ask Mr. Kennedy to respond to the following. I challenge whether in practice, rather than in economic theory, an increase in supply brings down price. The obvious example is the Celtic tiger, where that did not happen. Prices and rents went up. Supply is ramping up in my area at the moment but there is no sign of prices coming down at all. In fact, if anything, they are going up.
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