Brian Stanley (Laois, Independent)
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Going back to the 100% mortgages, the proposal is daft. That is my own opinion about it for a number of reasons, some of which the witnesses have outlined. There is an issue with regard to people in private rental accommodation who have been paying rent over a three-, five-, six- or eight-year period. The rent they pay is in excess of what a mortgage on the same home would be. I wish to keep the answers to my questions fairly short because we are limited with time. Is there a way of addressing this? It seems there is an unfairness in that regard. People are paying €400 a week in rent, while a mortgage on the same home could be €280, €290 or €300. It seems unfair. People say they cannot save for a deposit because they are paying all this rent. Has the ESRI looked at a way or a model to reconcile that?