Owen McGee

They're looking at it and I'm totally making these numbers because I wasn't prepared for that texter's question, right?

But imagine you're paying rent of two grand a month and you work out the house that you want to buy is going to cost you 1,300 euros a month.

And you're going, but the multiplication of your salary doesn't work out.

That might be a perfect example where the bank says, that's worth an exception.

We know this person has been paying two grand a month for the last five years.

They're likely going to pay it for the next 25 years.

And that's a perfect example of where exception should be used and where they should be able to give discretion.

And the reality is, it's interesting.

Charlie, I'm very fond of Charlie.

We chat a lot, right?

But he put a line in there that I'm surprised at.

He put a line in that article that said, nobody else is doing five times.

I wonder, is there any listener out there who's got five times in the last couple of years?

Because I'd be shocked if nobody did.

Like that you can say factually that nobody has done this because I'd be really surprised at that.

And I think what's happened this week is it has.

And you know what?

It's great that we're having discussions about it.

But ultimately, 15% of the total lending done in Ireland can be done at the discretion of the bank and they can change the rules.

It's not going to blow up our property market.