{"id":1602,"date":"2021-06-03T09:20:57","date_gmt":"2021-06-03T08:20:57","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/esri-confirms-governments-housing-policy-doomed-to-fail\/"},"modified":"2021-06-03T09:20:57","modified_gmt":"2021-06-03T08:20:57","slug":"esri-confirms-governments-housing-policy-doomed-to-fail","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/esri-confirms-governments-housing-policy-doomed-to-fail\/","title":{"rendered":"ESRI confirms Government\u2019s housing policy doomed to fail"},"content":{"rendered":"<p><em><strong>The Minister has distinguished himself by refusing to listen to the advice of experts<\/strong><\/em><\/p>\n<p>A new ESRI report has confirmed what most of us already knew \u2013 the government\u2019s housing policy is doomed to fail, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan.<\/p>\n<p>\u201cThis landmark ESRI report echoes what the Social Democrats have repeatedly stated: the government\u2019s housing policy is doomed to fail.<\/p>\n<p>\u201cThis government, and previous Fine Gael-led governments, have outsourced responsibility for solving this crisis to the private sector. It hasn\u2019t worked.<\/p>\n<p>\u201cThe ESRI report is clear: \u201cthe private sector, on its own, is struggling to meet current housing demands\u201d.<\/p>\n<p>\u201cThe State must step in and boost capital investment to avoid a further decade of housing misery \u2013 insufficient supply, surging house prices and rocketing rents.<\/p>\n<p>\u201cA dysfunctional housing market doesn\u2019t just impact on those whose housing need is not met. High costs are driving up the cost of living and making Ireland less competitive.<\/p>\n<p>\u201cIt has been obvious for some time the government\u2019s figures don\u2019t add up. We need 35,000 new housing units per year. Last year, just 20,000 were built. There is a big gap between the two. This will only be bridged with a large State building programme.<\/p>\n<p>\u201cNow is the time to invest in housing. The cost of debt is historically low and the economy is predicted to grow significantly. There will also be real savings by investing \u2013 particularly reducing the runaway \u20ac1 billion bill for housing supports like HAP.<\/p>\n<p>\u201cThe Minister, since he took office, has distinguished himself by refusing to listen to the advice of experts \u2013 like the Central Bank, the ESRI and, even, officials in the Department of Finance. The only advice the Minister seems to value is that which comes from big developers and international funds.<\/p>\n<p>\u201cThis report must be a wake-up call. The Minister must change course before it\u2019s too late. The stakes could not be higher.<\/p>\n<p>&#8220;If he opts to ignore independent experts yet again, he must explain why he believes he knows better.&#8221;<\/p>\n<p>3 June, 2021<\/p>\n<p>Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister has distinguished himself by refusing to listen to the advice of experts A new ESRI report has confirmed what most of us already knew \u2013 the government\u2019s housing policy is doomed to fail, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan. \u201cThis landmark ESRI report echoes what the Social Democrats have repeatedly stated: [&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-1602","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 - 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