Seanad debates

Thursday, 6 July 2006

Building Societies (Amendment) Bill 2006: Second Stage.

 

6:00 pm

Photo of Noel AhernNoel Ahern (Dublin North West, Fianna Fail)

When we changed the tax rules in the wake of one of the Bacon reports rents went through the roof. A fine balance has to be struck between the rental market and first-time buyers. Some people have made obscene profits in recent times. If a bit of sense enters the housing market those people might be hurt but that is the game they are in. When they are winning they do well——

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