Mr. Brian O'Gorman:

There is a diminishing return after a certain period. There is a sweet spot at more or less 40 years. Obviously, the longer the period, the more the rental benefit, but the return is less than with a shorter period.

I want to pick up on the point the Deputy made about visibility and the publicity attached to cost rental. We have a lot of work to do to make it understandable. Although cost-rental accommodation is relatively new, we did some research recently to determine residents’ views. One resident who spoke at the event had moved accommodation seven times in six years, with a family, including two children, in tow. It is these kinds of people who get the notion of a home for life.

The other major cohort we envisage featuring in the future is the older demographic who face rental for the rest of their working lives and into retirement. They are not that old, I suppose. If you get a mortgage now in your 40s, it is almost too late. Cost rental, given its security, is ideal for those in this cohort, who are often in one- or two-person households.