The Economic and Social Research Institute has said the Central Bank's mortgage lending rules should be modified to ensure more housing is built.
However, it also recommends that a modified rule would work to prevent an oversupply of housing, as happened during the last decade.
With housing supply not expected to meet the annual demand of 25,000 new units until 2018, the ESRI thinks tough rules now could hold back the supply of houses and apartments.
David Duffy, one of the authors of the ESRI quarterly economic commentary and Margaret McCormick, information officer with the Irish Property Owners Association, debate what needs to be done to fix Ireland's housing crisis.
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