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

Was the value not changing the lending model? So let's say, for instance, your ... as often is used as a kind of a barometer ... the guard married to the nurse. They were going to take a mortgage out over 20 years, whoever was the chief earner - whether it was the guard or the nurse - it would be three times their income and then the guard or the nurse's annual income applied. But ... and that would be ... that was a very set ratio. But over a period of time we saw that going into multiples of what the earning capacities were and the mortgage schedules getting longer and longer, going from 20 years nearly out to 40 years. At any stage ... was it ... did somebody say "It's not the valuations of the properties now is the issue, it's the capacity and the affordability to pay?"