Friday April 3, 2020

If you give people tax breaks to buy homes, you cause house prices to rise

Would someone please tell our politicians this

16th October, 2016

If I were setting the ordinary level Leaving Cert economics paper, my first question, an easy one to get the students started, would be about supply and demand. It would go something like this:

A country is experiencing a shortage of supply of starter homes; builders say they can’t make enough profit at the existing prices to make building worthwhile. What would happen if the government gave people a tax break to help them buy...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Most policies don’t include pandemics, so the government may be forced to step into the breach to share the burden, experts say

Peter O'Dwyer | 1 week ago

The Covid-19 outbreak has highlighted the importance of public health medicine, but the service is badly in need of reform

Priscilla Lynch | 1 week ago

The pandemic is a humanitarian tragedy, but it will also leave a lasting mark on the global economy with, currently, Europe being hardest-hit

Eugene Kiernan | 1 week ago