Brendan Burgess
Founder
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The Central Bank is worried about the market overheating, so they bring in the 80% LTV rule.
This might be appropriate now, but it may not be appropriate at other times.
If house prices fall and building stops, maybe they will need to allow higher LTVs to get things going again. Likewise if a bubble develops despite the 80% limit, perhaps they might need to reduce it to 70%?
This might be appropriate now, but it may not be appropriate at other times.
If house prices fall and building stops, maybe they will need to allow higher LTVs to get things going again. Likewise if a bubble develops despite the 80% limit, perhaps they might need to reduce it to 70%?