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The Sunday Times 22.11.2015. Reproduced here with kind permission of the Sunday Times newspaper.


Creativity is generally lacking in Irish policymaking, and this is as evident in housing, as it is in other areas. There is a reversion to the mean in times of crisis, where the usual methods, which have often failed, otherwise we wouldn’t have a crisis, are returned to. Einstein had something to say about this, and it wasn’t complimentary. We’re seeing it once again in efforts to get the building industry off its behind by using taxpayers’ money as an incentive, as if it’s 1996 all over again. Before you know it, we’ll all be buying apartments in Bulgaria.