Stephen Kinsella: Ireland’s property timebomb

Stephen Kinsella: Ireland’s property timebomb View Gallery

House prices are surging, leading to fears of another bubble. And there are simply not enough houses being built.

Housing is the fundamental public policy problem. Everyone needs a roof over their head, preferably for a long time so they can become part of a community, surrounded by high quality services they can access if they like. This is the dream of urban planners, economists and the political system, not to mention just about every taxpayer and citizen. The reality is far different.

Housing is something you consume and something you invest in. The...

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