Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

That is the point I am trying to get to. What we are discussing is at the heart of the bubble and our housing crisis, and is a fundamental and systemic problem around the world. It is at the root of the crash of the global economy, which is still very vulnerable to further crashes. The conundrum is that people's incomes are not sufficient to meet the inflated price of accommodation, be it rented or owned. The only way to square the circle is for banks to extend a dangerous level of credit and that is not sustainable.