Mr. Tom O'Connell:

Well, at that time ... but even going on further ... in fact, I can recollect you, Chairman, saying at one of the sessions here property prices had risen to eight to ten times incomes. In fact, when I went to a Dáil ... an Oireachtas committee, I think it was to do with SME lending, which was an issue there a few years back - still is, I suppose - but I remember saying to them that property prices in Dublin were actually 12 times average national incomes. When you come to think of it, the traditional benchmark, I think, as you, Chairman, said, was two and half times income.