Mr. David Hall:

I will return to the Deputy's original point when he said that household income needs to be €60,000. I looked at a case recently in Honey Park in the Deputy's constituency. A mortgage on a property there is now €400,000. A property owner's tracker mortgage now costs €5,000 per month. That property owner is funding the State to house a nurse and her husband. That €60,000 becomes €30,000 net rent. The owner of the property is paying a further €15,000 in tax. While there is €450 million being sent out, I do not know how much will be reclaimed. That is the total exposure on a good day when the computer works and everybody fills it out. It is not made as easy as that. That is the full package when all the people in the country who are eligible, some 165,00 people, are doing it. That will not happen. It is not an appropriate level.

Everybody is losing. Everybody is taking a cut along the line. This is an emergency. It is a single lens through which to view a much bigger and more complex problem. If we fix or control rent, that property will be gone in a heartbeat. On RPZs, I referred earlier to a lady, Lisa, whose rent with her landlord is stuck at €1,000. It is completely illogical not to be sitting down, as in arbitration, to say that €1,000 is crazy and €2,500 is mad, and adjusting to €1,600 and asking to stay. There is no commercial logic or sense to protect those tenants who are there at the moment. It is not just a quantum. There is a process failure involved in that regard. The people who own those properties have a debt on the properties and that debt is a mathematical equation that is completely out of control at the moment. Fixing rent would bust those people in a heartbeat, in my view.