Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Mr. Davitt is suggesting that a potential bubble is coming down the line. My response to is to ask how can there be a potential bubble, if one maintains prudential lending practices? This bottle I have to hand can be worth as anybody is willing to pay for it. However, were the bank to tell me it can only give me three times my income to buy this bottle, so doing would contain the market. Consequently, how can we have a property bubble if the banks do what they should have been doing over the last couple of years?