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Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: I read the summary of the report. Did the authors make any specific recommendation as to how we can increase the rate of homeownership for the younger age cohort, particularly those aged 25 to 34? It is not just that group. It is estimated that only 50% of 25- to 34-year-olds are homeowners. Among those aged 35 to 44, the homeownership rate is 58% currently, and could go up to 71%....

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Does Dr. O'Toole have a particular view as to what the rate of homeownership should be in an economy and country like Ireland, in terms of striking the proper structural balance for society and generally? I see a great risk in people remaining in the rental sector. There are many older people who are renting. Indeed, many of the people who contact me are elderly renters. They are under...

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: With due respect to Dr. McQuinn, France and Spain are not the same as Ireland. Germany has a large rental model.

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: 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...

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Who mandated the research?

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Perhaps not.

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: My model is a balanced one. This is healthy debate. This is what we should be doing.

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Does breakdown of the number of families using the formal sector as opposed to the informal sector differ from other countries worldwide?

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: It is easy for me, as I can express an opinion. I am a great advocate of home ownership. I would be very worried if our model were to become a heavily rental one. There are significant risks at every level. That is why I feel the affordable housing model is preferable for the younger cohort. The focus is there. It is about supply as well. That is something I feel strongly about....

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Dr. McQuinn referred to the ECB increasing interest rates.

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Okay. I thank Dr. McQuinn.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: No apologies have been received. The purpose of this meeting is to consider the Supplementary Estimate for Public Services relating to Vote 29 - Department of the Environment, Climate and Communications. The Supplementary Estimate arises from the need to provide funding to EirGrid, the electricity and transmission system operator, to enable it to take certain emergency measures, including...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: I still have a small bit procedure to deal with. I will read the note on privilege. Witnesses are reminded of the long-standing parliamentary practice to the effect that they should not criticise or make charges against any person or entity by name or in such a way as to make him, her or it identifiable or otherwise engage in speech that might be regarded as damaging to the good name of the...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: Is the Minister happy it is back on track?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: There could be potential fines. The Minister is not ruling that out.

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