There is obviously a relationship between the money available for housing and the level of outputs – O’Brien consistently points to significantly bigger capital budgets for housing compared with previous years, and how the Coalition is recovering from a decade of underinvestment . Varadkar today insisted there was no barriers to spending growing “so long as the economy is strong and so long as the public finances can support it”.
“Of course we’re willing and want to spend more money resolving the housing crisis.” However, it’s not that straightforward. As the Department of Finance has previously flagged, there are constraints in the economy around sourcing enough workers, materials and the capacity of the planning system which can’t be solved with fistfuls of cash.Since 2019, rules governing trades like bricklayer and plasterer have been relaxed – removed from the list of occupations ineligible for employment permits.
There is also an upturn in the number of people taking up apprenticeships, but the legacy of the crash, which tarnished the sector for a generation of young people and saw many tradespeople emigrate, still has a big impact here. The Taoiseach said today that Ireland is facing this challenge at the same time many other countries are competing for skilled labour, meaning the country may struggle to attract people in, no matter what reforms are adopted.
Varadkar confirmed it was discussed at today’s summit, but he conceded there wasn’t unanimity on the issue. Other steps discussed today included prioritising people in emergency accommodation for social housing, but the Taoiseach again said some had warned of the “negative consequences of unintended consequences” arising from such a step.Budget 2023 saw the introduction of an annual €500 in tax relief for renters.
O’Brien has been guarded in his public comments, but behind the scenes proposals have been under development for some time. The theory goes that Michael McGrath may be more open to the idea than his predecessor in the finance brief, Paschal Donohoe. Targeted tax breaks for apartment development in urban areas, capital allowance tax reliefs or a cut in VAT are all under consideration, as are tax breaks for smaller landlords to encourage them to stay in the market.
Source: Real Estate Daily Report (realestatedailyreport.net)
In this modern Feudal system known as Landlordism, they want the landlord to get the tax break? Renters pay for it all. Renters are easily stripped of over 50% of their wages just to put their head down at night in this modern system.
The about to be railroaded by LeoVaradkar look
Name one problem the government solved that it did not create in the first place.
No
Why aren't Irish people protesting outside politicians homes?
In a word ....
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