No silver bullet to fix housing crisis

During the recent general election campaign, housing was a hot topic of debate.

Somewhat amazingly, less than a decade after one of the biggest house building booms that any developed economy has probably ever experienced, Ireland is now faced with a considerable shortage of housing.

This either suggests that the demand for housing has boomed over the past decade and soaked up all of the excess supply, or that many of the houses were built in areas where demand does not exist. I suspect it is a lot more of the latter rather than the former.