Thursday August 6, 2020

Making rentals the ‘new normal’ will create welfare state, claims developer

Michael O’Flynn says there is a ‘locked-out’ generation and the government’s housing policy must prioritise privately developed homes

19th July, 2020
Michael O’Flynn: the Cork-based developer says the default plan of prioritising social housing and rental units is an ‘appalling strategy’ Picture: Bryan Meade

Current government housing policy risks creating a “welfare state” by prioritising the development of rental accommodation over privately developed houses, Michael O’Flynn has said.

The high-profile developer told the Business Post that there was a “locked-out generation” that could not afford to buy a home and warned that when they came to retirement their income would no longer allow them to continue paying “exorbitant rents” and consequently they would become reliant...

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