Mortgage rule change is a Pyrrhic victory for first-time buyers

Let’s be clear, when housing supply is stuck, any increase to housing demand will produce higher prices. The Central Bank understands this logic and this is why it relaxed deposit rules last week. The deposit rules were relaxed in order for prices to rise, in order to...

The public sector strikes are really about housing

Make no mistake about it: the series of public sector strikes that we have experienced — and are about to see more of — are entirely linked to housing. The fact that middle-ranking public sector workers can’t, or at least don’t feel that they can, afford to live in...

Will Trump ride to Europe’s rescue?

Could Donald Trump be the saviour of Europe? He might be. The papers are full of people telling us how much they hate Trump and lamenting that the US is now a racist swamp where the vilest of sentiments have suddenly been given currency. This is the predictable line,...

Nama, Kafka and the trial of our public sector

Make no mistake about it, the series of public sector strikes that we have experienced — and are about to see more of — are entirely linked to housing. The fact that middle ranking public sector workers can’t, or at least don’t feel that they can, afford to live in...

Finance Bill — We’re finally keeping it real

Are we witnessing the beginning of the end of yet another sorry saga in Irish economics and finance? Will the finance bill published Thursday, which slapped a right and proper 20% withholding tax on the profit of property funds operating in Ireland, signal a shock...