Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

Supply and demand are inextricably linked. I think the Deputy has an iPhone. Until the iPhone was invented, there was no demand for iPhones. It was the supply that caused the demand - the fact that it was produced. If we assist purchasers to acquire their first home, the market will respond and the demand expressed in cash terms by many young couples will drive supply. The two are tied together. It is a case of basic economic principles.