And the 10 owner occupiers... where did they live previously? Tents?
Surely, that's 10 less looking for a rental property, so it evens itself out.
The issue to me, is that there aren't enough rental properties in the pool at the outset.
I can't see this issue ever having a resolution. Population in Ireland is only going to keep rising. The cost of building accommodation is only going to keep rising. Builders won't build at a loss. Accommodation is never going to be able to meet demand.
One of the biggest mistakes officialdom made was to outlaw bedsits. There was nothing wrong with them. At the start of my working life, I lived in one and it suited my needs perfectly. They'll never come back because people's expectations have exploded.