A provocative article in todays Indo by Conor Skehan -
Let’s demolish the four great myths of housing
His myths are:
The First Time Buyer - he reckons too much attention paid to the needs of this cohort given that they represent approx 0.3% of all homeowners and 25% of annual sales
Generation Rent -
"a myth making trope that is used to persuade people that they are victims"Dead Money -
"the equivalent of saying that food money is a waste because you'll be hungry again tomorrow - so buy a cow, chicken or or an orchard instead"The Housing Crisis - the greatest myth of all. Vested interests
"continually trying to convince the population that they are housing victims."
One of his arguments against the crisis is that we already have supply, and that new builds are not the solution:
We have more than 200,000 vacant homes across Ireland. When we encourage or allow the Government to support new build housing instead of refurbishing, then we are choosing to move away from availability and affordability.
I don't agree with everything he says, but I think he has some valid points - the supply crisis is not as bad as we are led to believe, and there are other solutions available than new builds.
I wholeheartedly agree that of all the measures to tackle housing, myth busting is the most important.
Yet the most important work remains taking on the job of 'myth-busting' about housing - which risks incurring the wrath of those with a vested interest in keeping the population in a state of victimhood.
If we frame our questions differently, we might be pleasantly surprised to learn that housing can be more affordable than headlines suggest.
Well worth reading the article for a different take on the questions.