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I suspect he thinks market mechanisms are more efficient than bureaucratic ones in allocating scarce resources, but if so he must be perplexed at how slow "the market" has been to respond to rising rents and house prices to increase supply.

Building industry capacity has been rising slowly from a low base but is still no where near "Celtic Tiger" peak levels of house production when Iro was building 90K new house P.a. at a time the whole of the UK was only producing 170K.

Independent economist estimate Ireland needs c. 35K new houses p.a. to replace old stock and provide for a rising population and last tme I checked we're not quite there yet and there is quite a backlog of unmet demand to be provided for.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sun Dec 1st, 2019 at 07:29:42 PM EST
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