Housing Crisis! What a housing crisis!?The Oxford English Dictionary defines denial as “the refusal to acknowledge an unacceptable truth”. In other words, it is the disturbing ability to continue to believe in something despite evidence to the contrary. Sound familiar? Well, that should do it; because no one denies it like Irish policy makers do. Remember the denials of our political elite and so-called media "experts" that there was nothing wrong with the housing market while national housing prices were losing everything? contact with reality and Property prices in Dublin even exceeded those in London. Remember how, when it was pointed out that Ireland had all the hallmarks of an archetypal property bubble, our leaders went to great lengths to assure us that we were different. The sharp rise in house prices, they told us, was not a reflection of a speculative bubble, as many have suggested, but of the enduring strength and performance of our economy. The boom periods, it was said, would become even more “flourishing” (sic). The message from above was therefore very simple: get your “foot on the ladder” or be “left behind”. So, despite the fact that we experienced one of the steepest and longest global housing bubbles in decades, our leaders were quick to assure us that we, the canny Irish, would turn the tide by renouncing the bankruptcy that would follow the bursting of a real estate bubble. Yes, through a stroke of ingenuity, the Irish were supposed to become the first country to organize a “soft landing”. Well, we all know what happened next and in no way can it be described as a “soft landing”. Today, six years after the crash, we find that housing is middle of paper. .....ncil only built 29 houses last year. Many of the houses stuck in NAMA could be used. In my own constituency, Dun Laoghaire Rathdown, there are currently properties which could be used. What is needed is large-scale social housing development, last seen since 1932. A large amount of social housing previously owned by the Dublin Corporation and Dublin City Council has been privatized. Joint ventures in private financing of public housing may need to be encouraged if government cannot be implemented. forced to build large-scale social housing projects. Municipal Housing Associations. Mentioning gentrification can perhaps tie the issue of “no rent supplement” to this. Dun Laoghaire Rathdown County Council is in favor of this solution as wealthier tenants mean more money for the council budget, a greater volume of social housing would mean a greater amount of non-payment of property tax..