I was at a housing discussion with a few of my lefty buddies they bring me for the Craic .One speaker said they should limit the amount of time land is zoned for housing and if you dont use it you lose the zoning .Everybody clapped .I stood up and asked where were the construction workers to build these houses he said they would come in from abroad .I asked where would they live while they built the houses he said they would rent I said so they would put Irish families out on the street and push up rents and due to high rents they would demand higher wages pushing up the cost of construction so even when the houses were built people couldnt afford to buy them unless they were high paid construction workers who would lose their construction jobs because nobody could afford to buy the houses they built .The solution is what we have now big investors like insurance companies and pension funds build for rent the state subsides the rent wont be long before some party say all rents should be tax deductable and then tax the landlords profits to gain back the tax credits offered to renters and the result of that will be no more house building .I offered a different option the state offer Families remember our constitution is based on the family a plot be it for a house or space in a tower block .The family raise the loan if say I want my kids to have a place I use my home as equity for the loan so they can contribute their share of the building costs meaning that the block will be owner occupied using the family home that they were going to inherit any way as collateral now, for their home meaning they dont wish you dead to get the Gaff .Your gaff would never be in Jeopardy as the house or appartment that was built would cover your liabilities if ever sold and the government could guarantee any difference if the value to loan ever dropped below your equity .Im sure most parents would put up the family home if they thought it was not at risk .You are only putting it up as security for a loan for the builder to complete the work as soon as the gaffs are built they become the security for the loan .Your kids get a gaff at cost of building .
