{"id":1569,"date":"2021-05-04T16:01:21","date_gmt":"2021-05-04T15:01:21","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/governments-e450k-homes-are-not-affordable\/"},"modified":"2021-05-04T16:01:21","modified_gmt":"2021-05-04T15:01:21","slug":"governments-e450k-homes-are-not-affordable","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/governments-e450k-homes-are-not-affordable\/","title":{"rendered":"Government\u2019s \u20ac450k homes are not affordable"},"content":{"rendered":"<p><strong>There is nothing affordable about a home that costs nearly half a million euro<\/strong><\/p>\n<p>The government is more interested in providing a subsidy to developers than making homes genuinely affordable, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan.<\/p>\n<p>Deputy O\u2019Callaghan was reacting to media reports that the government has set a price cap of up to \u20ac450,000 for affordable homes<\/p>\n<p>\u201cThe Government is living on another planet if it thinks \u20ac450,000 for a home in Dublin &#8211; and \u20ac400,000 in Cork and Galway &#8211; is affordable. It simply is not.<\/p>\n<p>\u201cThese inflated price caps will mean that so-called affordable homes will be out of reach for most people. The decision to introduce the \u2018shared equity\u2019 scheme, and the inclusion of these\u00a0expensive homes, is more about providing subsidies for developers than homes that are genuinely affordable.<\/p>\n<p>\u201cToday\u2019s decision will cause developers delight, but it will be a source of stress and worry for first-time buyers and young families up and down the country. We have to start putting the interests of families ahead of the interests of developers and international funds.<\/p>\n<p>\u201cNo one should be saddled with this much debt to own an ordinary home. We can\u2019t allow this to become the norm.<\/p>\n<p>\u201cThere is another way. The Government could build houses on state-owned land and sell or rent these at cost. These would be truly affordable homes.<\/p>\n<p>\u201cWhat the Government has approved today is not an affordable housing scheme. It is a rebranding exercise which seeks to present expense housing as affordable. There is nothing affordable about a house that costs nearly half a million euro.<\/p>\n<p>4 May, 2021<\/p>\n<p>Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is nothing affordable about a home that costs nearly half a million euro The government is more interested in providing a subsidy to developers than making homes genuinely affordable, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan. Deputy O\u2019Callaghan was reacting to media reports that the government has set a price cap of up [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-1569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government\u2019s \u20ac450k homes are not affordable - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/governments-e450k-homes-are-not-affordable\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government\u2019s \u20ac450k homes are not affordable - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"There is nothing affordable about a home that costs nearly half a million euro The government is more interested in providing a subsidy to developers than making homes genuinely affordable, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan. 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