Liam Twomey (Wexford, Fine Gael)
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Our economy is in a unique situation. I find it strange that the part of the country showing the most improvement is the greater Dublin area. House prices and rents are increasing by anything from 4% to 10%. Yet, there has been no significant increase in incomes over the same period. That is not really sustainable over any significant period. How will this impact on the economy? The last thing we need is another bubble bursting just when we are bringing ourselves out of this mess. What is the forecast for the mortgage market? Mortgage costs are increasing to some degree but mortgage arrears and repossessions are bigger issues and it is a question of how these may impact on the economy.