Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour)
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Nothing around affordability, nothing with regard to what Senator Barrett was talking about, people on 40-year mortgages - the difference being that, on a 20-year schedule, once kids would be going to college the mortgage would be cheap, you know on a 40-year mortgage, you are still in the middle of your mortgage and your kids going to college - all these affordability things; drops in overtime allowances, and other factors, affordability measurements as opposed to unemployment, anything done like that?