Professor Patrick Honohan:

Without denying the reality of the situation the Deputy outlined, I would be cautious about seeing easily available mortgage credit as a way of resolving inequality in society. The opposite is the fact. We imitated the experience of the US. Excessive reliance on mortgage credit can create situations in which too many people borrow too much and get into ferocious financial difficulties. We know this, but we have to think about the issue in terms of the future as well. US Senator Elizabeth Warren's writings are informative. The US has so much data on how the entire process has damaged an entire generation.