Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

No. No. On the issue the Chairman raised earlier on about affordability of housing and the inability of the ordinary, you know, Joe and Mary to be able to get their mortgage and to be able to get a house ... on the affordability issue, that was raised, you know, probably every week in questions.

But on the banking issues or you know the ... the major issues as they turned out to be ... very little, issues about speculation ... land speculation, the land issue. As you know, I was pressed in the House to go back and look at land prices when it was showing that land prices had moved from 12% of the cost of house to 25%, to go back and look at the housing report names ... the Kenny report of years earlier and I did that. I spent a considerable amount of time with the then Attorney General looking to see what could we do short of a constitutional referendum on property rights, which we weren't very anxious to get engaged in. So that issue was raised a lot.

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