It could take 40 years to build permanent homes for everyone on the housing waiting list in Dublin City. That's the stark warning at a conference in the capital today - with experts predicting the crisis will get worse unless radical action is taken.
Between July 2014 and December last year the number of homeless families in Dublin increased by 289 percent.
Dr Rory Hearne from Maynooth University says we're facing a potential tsunami of homelessness, from mortgage arrears and unaffordable rents in the private sector.
Any he says it could take four decades to clear the almost 20 thousand on the housing waiting list in the capital alone - if the Government's current policies continue "We know that there are people on the housing list for 14 years... and that is because they are living in accommodation that isn't suitable or isn't safe".
There's also a warning that tens of thousands of people will become stuck in limbo - unable to either buy their own home or access social housing unless action is taken.
Dr Lorcan Sirr from DIT thinks financial institutions also have a huge role to play "I think banks need to start looking at other ways of financing people, perhaps maybe having an 11 month mortgage".
Meanwhile Taoiseach Leo Varadkar's decision to review the Government's current housing strategy has also been welcomed by those at today's conference.