Sean Barrett (Independent) | Oireachtas source

We have to get back to prudence in the housing market. Given all the trouble we have experienced in this country in terms of fivefold increases between 1996 and 2006, nobody should be allowed to bid up house prices again. The 80% ratio has proven in Denmark to be a good way of stopping such activity. Somebody who ran up a debt of €300,000 would be in trouble and would appeal to Deputies and Senators for help. Do not do it on €300,000 either.