Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I am not talking about ability to repay. I am trying to understand whether, when he says "negative equity", Mr. Boucher means the difference between the total amount of loans outstanding and the realisable assets against those loans. If someone has a mortgage of €500,000, for example, and the market value of the property is €300,000, the negative equity is €200,000, that is, the difference between the loan outstanding and the market value of the asset.