The article critiques the severe mismanagement of the housing crisis, noting a 3.7% rise in house prices and a 12.2% inflation rate in the capital, marking an eight-year high. It suggests that government policies are often ineffective, leaving a significant gap between housing supply and demand. Housing Minister James Browne's admission of a collapse in apartment delivery highlights the urgent need for change. The article stresses the importance of concrete goals and radical solutions to increase housing supply and suggests the government must enable easier borrowing for developers.
The discoverer of gravity might be equally stumped were he confronted with the incomprehensible mismanagement of this country's housing crisis.
Both the Central Bank and the banking lobby group have claimed latest house-building targets will be missed.
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