Oireachtas Joint and Select Committees
Thursday, 5 December 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank: Discussion
Paul Murphy (Dublin South West, Solidarity) | Oireachtas source
I agree that the idea of loosening the rules for mortgages would simply mean more price inflation, people going into debt and more money going into the construction companies and developers. This is not the answer. At the same time, there obviously is a huge problem in our housing sector. If the answer is not to get the banks to throw money at people again, as we did before with the consequences we know, what is the answer to deal with the housing crisis? In the opinion of the witnesses what actions need to be taken?
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