If the government built 100,000 house for €100k each it would cost €10 Billion. I have already shown how housing can be built for less than that cost and still meet the regs , and no doubt others could find savings.
I somehow managed to slip three
extra zeros into my own calculation.
Ok, point conceded.
A €10 Billion capital cost could easily be financed by the €500 million per annum that the government uses to inflate rents, the €100 million spent on homelessness services and by the rent roll of €300-500 million per annum that the properties could generate. If necessary the State could dispose of a portion of the housing to raise further capital for more housing.
I doubt the €100 million spent on homelessness services would be saved if, as has been implied, there are a lot of drug addicts and mentally unstable people involved. My own (limited) experience with addicts suggests that some could not manage to pay €5/week out of their dole, nor maintain accommodation in good condition. There will always be a need for emergency accommodation. Regarding the €500m rent roll -- am I wrong in thinking that people currently receiving rent supplement or HAP are already paying as much toward their accommodation as they can afford according to a means assessment. That probably amounts to very little (I don't have numbers) ... so I'm not convinced that 64,000 people could manage to go from paying zero to €400/month to generate your rent roll.