If Irish households are so rich, why does it feel like an illusion?

On this week’s Inside Business, host Ciarán Hancock is joined in studio by senior lecturer in housing at TUD Dublin, Lorcan Sirr.

The episode starts with some recent good news, that the net wealth of Irish households is nearly €1.3 trillion, or an average of €228,000 each.

Sounds good but as Lorcan explains, this is an illusion. He argues that Ireland isn’t really a wealthy country in spite of what the statistics tell us.

Lorcan also touches on the housing crisis in its many forms and goes through some possible solutions. And he does have some solutions.

He also explains why he thinks judicial reviews of planning decisions haven’t caused the housing crisis.

Produced by John Casey with JJ Vernon on sound.

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