Seanad debates

Wednesday, 8 October 2014

11:10 am

Photo of Denis O'DonovanDenis O'Donovan (Fianna Fail) | Oireachtas source

We should have a debate on this issue. I ask that the Minister for Finance attends. I support what Senator Mary Louise O'Donnell said earlier, although, unfortunately, I missed some of it. We need an urgent debate because while this type of situation might have some effect in Dublin, in parts of the constituency I represent and in the west, houses are still being sold at less than the cost of building them. We must be very careful to avoid in an effort to reverse the problems of the 100% mortgage, which was a ludicrous idea, doing more harm than good. We should stand together and ensure that this is debated fully before it is implemented in January.

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