Rory Hearne (Dublin North-West, Social Democrats) | Oireachtas source

I do not see the radical reset in the Minister's response that the Housing Commission called for and the Minister himself agreed was needed. We know the definition of insanity is continuing the same policy or same approach and expecting a different outcome.

On the question about the planning and apartments, there is over-reliance on institutional investors. Institutional investors invest on the basis of their profit viability projections. If they think that there is not sufficient profit there, they do not invest. Is the policy plan essentially to increase their profits so that it becomes, in their estimation, viable? We know what that means. It means rents rising or other ways. Is the Minister talking about, as we have heard, tax breaks? Is he talking about more subsidies? The Government's own croí conaithe scheme, The Irish Times showed today, has only delivered 20% of the apartments it was supposed to deliver. In that, developers could get €120,000 per apartment. Where is it proposed that the subsidies would end?

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