Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I strongly agree with Deputy Murphy on this one. I believe Deputies sometimes put forward these review clauses just for the sake of tabling an amendment, so that they can say they said something about a Bill, but in this case there is a real argument for it because the housing market is completely fluid, volatile and subject to constant change. We have debated and disputed the arguments here but we do not know what is actually going to happen. The Minister of State could be right or he could be wrong, and that is a very good reason to review the provision on a regular basis. We need to get the result we want from this legislation and to look regularly at the changes to the percentage, from 10% to 20% or even to 15%, as has been suggested as a compromise. We cannot fail in the spectacular and disastrous way we failed in the past, with multiple, awful consequences. This amendment would force us to come back and review the provisions after a relatively short period.