Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay, Mr. Went, I'm going to wrap up and I'll then invite you to make any closing comments that you want. I just ... it just, kind of, following the discussion there that you were having with Deputy Higgins, and it was, kind of, in my mind anyway, I just want to bring up two slides on the screen. I don't know if you've seen them before. It's not ... I'm not going to be asking you questions, it's just, kind of, to give a bit of context as to what was being discussed. What we have here on the first screen is two tables, one showing the ratio of average new house price to the average industrial wage and it traces a period from 1996 to 2006, and what we see there is a very, very upward trajectory over the ten-year period. In the next slide below we see a ratio of average-----

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