Oireachtas Joint and Select Committees

Wednesday, 6 July 2022

Committee on Budgetary Oversight

Economic Quarterly Report - Summer 2020: Economic and Social Research Institute

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael)
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If we go to a model that is heavily based on rental, even with a cost-rental model, we must consider who owns them. I do not want to create an environment similar to Germany where there are big landlords and in many cases people just rent. We have a good model here, for all its imperfections. I accept that things went crazy up to 2007. Some 93,000 houses a year were being built. It was madness. The model must be sustainable. The research is very helpful. I would have liked a little bit more in terms of advice on the type of policies that should be pursued. Effectively, it is an analysis of data that points to where we are at currently, but I would have thought the ESRI as a body would have a view. However, there is no view. While it is not a criticism, in one sense it is.