Government rescued developers as banks and bond-holder were bailed

Modular emergency accommodation to address homelessness is costing €190,000 and up. It is also alleged €80,000 could supply an eco friendly home.

Builders/developers, enough of them, shirked provision of affordable and social accommodation. The trend was to sell-high on a high-sale market. In 2016 approximately a quarter of a million useless builds litter the Irish Republic.

Developers/builders many of whom avoided providing social housing were among those gone bust. Nama bought their debt-ridden property portfolios steeply discounted selling in short order eg Battersea Towers, among other prime properties, with various properties yet to sell. They paid €30bn on face-value property of €70bn. They say Nama will get a profit of maybe €2bn on €30bn.