Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

You miss my point. It's the period of stabilisation of the price is when the rent zoomed. So what happened was there was a direct transfer in that period from ... the escalating price of the residential stopped, we had equilibrium for a while, but the rent zoomed and Joe Public who was in a rented accommodation, including a third of them who were on supplementary welfare allowance, were screwed and that's the fact.

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