Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
1:05 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
I appreciate the latitude shown by the Vice Chairman. Mr. Deeter is right in what he said about cash buyers. Is that situation not part of the problem? We have the ingredients of a property bubble without the credit and we have a lack of supply. When supply is greater then credit will come on thus leading to the same type of frenzy we had in the past. That is my fear and understanding of what may happen.
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