Seanad debates
Wednesday, 20 November 2002
Housing Grants: Motion.
A number of Opposition speakers mentioned the so-called friends of Fianna Fáil – the people who own vast amounts of rental property. Not too long ago the Opposition accused the Government of being in cahoots with the same people in the sense that the Revenue take was increased by their numbers. The Government has made prudent decisions based on the Bacon report and others. If we were to remove investors from the market, as was done in the past, the rental market would be stymied and the people hit would be those who could never dream of being involved in the purchase of a house. At the minute we are talking about those on the margins of being able or unable to afford to buy a house. Those who have to rent cannot even contemplate purchasing. If we removed the investors from the market, we would disenfranchise the people concerned.
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