Brendan Burgess
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http://www.herald.ie/news/esri-says-mortgage-rules-stifle-the-market-31093199.html
"We don't think the measures should be there, or certainly not there at this point in time," said Kieran McQuinn, co-author of the ESRI's spring economic commentary, published today.
Mr McQuinn said the ESRI welcomed the so-called macro-prudential regulations in theory.
"We still think the market is undervalued. That same analysis [used] in 2006 and 2007 showed that the market was overvalued."
I have attached the relevant pages from the Economic Commentary to this post.
"We don't think the measures should be there, or certainly not there at this point in time," said Kieran McQuinn, co-author of the ESRI's spring economic commentary, published today.
Mr McQuinn said the ESRI welcomed the so-called macro-prudential regulations in theory.
"We still think the market is undervalued. That same analysis [used] in 2006 and 2007 showed that the market was overvalued."
I have attached the relevant pages from the Economic Commentary to this post.
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