Irish Examiner view: The Central Bank's call for mortgage prudence sounds all too familiar

Time will tell if the Central Bank's changes to its lending rules will foil or facilitate people who seek to buy their own homes 

Crucially, Central Bank governor Gabriel Makhlouf mentioned that the measures he was announcing will probably lead to a rise in house prices. Picture: Vivek Prakash/Bloomberg

Few of us are blind to the State’s housing crises. We read news every day of its most devastating effects, from couples with autistic children having to live in tents, to homeless people dying on our streets. Many are left utterly bereft of hope when it comes to owning their own home, due to the perennial lack of supply and Celtic Tiger-era price hikes.  

When the Central Bank changes its mortgage lending rules, then, everyone sits up and takes notice.