Mr. David Duffy:

It is a mixture of both. The Government cannot do it by itself. What is NAMA going to do? What are the planning permission people going to do? What about the Construction Industry Federation's skill sets or ability to do it? Are there equity investors in this? At a minimum, one has to take a best guess at evolving demographics and do that around the country. It is an imperfect science. All of the houses will not be built over six months. They are built over five years, so we keep mapping to that. The efforts required to work in concert with the different constituents to make that happen has begun, and I think we will be successful. It will be iterated constantly to data validating the original assumptions.

I have seen the new model and it is relatively similar to when I was teenager, when the multiple of a salary allowed for a mortgage was capped at 2.5, perhaps with another 1 added for a partner. The principle is very sound and we will take a look at it. I am not familiar with the details as the Deputy described them, but we will look at them and give them due consideration.