Fresh from setting up a quango to develop housing on state land the Minister, Eoghan Murphy, slipped us his thoughts on what 'Affordable Housing' means.
https://www.irishtimes.com/news/politic ... -1.3628555Quote:
Homes classified as “affordable” and provided through the new Land Development Agency (LDA) would cost some €320,000 in Dublin, Cork and Galway under current market prices, Minister for Housing Eoghan Murphy has said.
These people (Varadkar Donohoe and Murphy) are insane.

Quote:
The aim of the new agency is to provide 150,000 new homes over 20 years. Any developments built on State lands must have 30 per cent of affordable homes, in addition to the existing 10 per cent already needed for social housing. The target is to eventually have half of all such developments allocated for social and affordable homes.
This means, of course, that the rest of the properties built on state land in Dublin, Cork and Galway will cost at least €321k per unit. These morons in government probably hope for an average €500k for the 'non affordable' bits.
It also means that every chancer of a developer who sells homes in Dublin for more than €320k can advertise them as 'affordable'....because this nonsense is now official.
The housing crisis has driven the lot of them pure mad at this stage.
