Oireachtas Joint and Select Committees
Thursday, 26 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Gerry O'Regan:
The price of building land and the profits made from it are essentially contingent on the political culture and legal processes operating in the country at the time. That is still the case. The profitability of development land is a political issue, but we certainly ran various pieces about the problems of young people and others, including the problems of 100% mortgages. I have various cuttings here.
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