Central Bank borrowing limits - Preventing excess must be welcomed

The Central Bank has suggested that formal limits should be placed on the amount of money people can borrow to buy homes and businesses.

Central Bank economists say banks should not lend more than 80% of the value of a property, and that borrowers should not get a mortgage of more than four times their income. This would make both banks and households more resilient in market downturns, according to research conducted on behalf of the bank.

Why the research? A child of 10 could have told them that.