Ms Rosemary Hennigan:

I want to pick up on the point on research. People were asked about their aspirations towards home ownership and how they felt about cost rental. On the qualitative side, some answered that they still wanted home ownership because they had concerns over how they would continue to pay rent in retirement and old age.

Some people had an issue with inheritance and succession. There were questions and uncertainty. Some wanted to buy their current home in cost rental because they were happy with it. I think that comes from that cultural sense of home ownership. Some were reluctant to invest because they did not feel yet that it was theirs. That goes back to the sense that this is the person's home and hopefully changing that culture that the Cathaoirleach is speaking to. That is what cost rental should really be about. It is about moving us away from home ownership purely being something that is set in a contract with the bank and seeing it as something else.