Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
1:55 pm
Mr. Karl Deeter:
I accept that but Deputy Mathews made comparisons between a mortgage and a rent if they were set at the same price and that goes back to the effect of wealth. The person who took the mortgage, if it was exactly the same price as the rent, will at the end have a balance sheet gain or statement of financial possession which is a large asset.
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