Ruairi Quinn (Dublin South East, Labour) | Oireachtas source

In respect to the Deputy's second question, I accept that thousands of families are currently living in fear, and people in my constituency are struggling with the issue. As there has been a de facto moratorium on house building over the past number of years, there has been a significant increase in house rents, as Deputy Ó Caoláin noted. That has happened across the country and not just in the greater Dublin area, Cork and Limerick. We are trying to ensure, through massive change in the area of insolvency and mortgages, that systems can be worked out by families and lending institutions, including the two main banks, which have been massively recapitalised by the taxpayers in this country. That was so the banks could do what they were supposed to in this area.

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