Oireachtas Joint and Select Committees

Tuesday, 2 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I wish I could share Mr. Sibley's confidence. The witnesses have made assumptions about increases in interest rates, repossessions, etc. Could they envisage these properties being sold to vulture funds and flipped? Could that increase repossessions as well? The decision could be made overnight. Somebody is going to pull out of the market. These vulture funds will make hard business decisions.

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