Richard Curran: It's as if the Government wants to solve the housing crisis without having to see prices actually fall

The article critiques the Government's approach to the housing crisis, highlighting the timing of their solutions as problematic. Specifically, it discusses the housing minister's proposal for banks to lend more to developers to facilitate apartment construction. The suggestion implies that the Government would need to issue state credit guarantees to ease banks' lending restrictions. While the concept of increased lending may appear beneficial, the article emphasizes that without proper timing and context, such measures may not resolve the pressing housing issues faced in Ireland.

The idea of getting the banks to lend more money to developers to build apartments seems right, yet the timing raises concerns about the effectiveness of such a strategy.

To convince Irish banks to ease up on lending rules for developers, the Government may need to provide state credit guarantees on loans, which complicates the approach.

Read at Independent