Oireachtas Joint and Select Committees
Wednesday, 11 May 2022
Committee on Budgetary Oversight
Recent Cost-of-Living Measures: Discussion
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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One would be hard pushed to find evidence anywhere and not just in that period. I cannot envisage the circumstances in which house prices or rents are going to fall here even as supply increases. I think that privately delivered supply will dry up as soon as they cannot make money and they can only make money by charging very high prices. I just do not see how a reduction is going to happen.