Leo Varadkar with his mother Miriam and father Ashok Varadkar
“It has always been the case that a person needs to raise a deposit to buy a house. People do it in many different ways. Sometimes people go abroad for a period and earn money. Others get money from their parents. Lots of us did.”
Taoiseach Leo Varadkar speaking in the Dáil yesterday
‘Orphan Annie’ writes:
While the Taoiseach promotes getting the deposit from Mummy and Daddy, did he he himself avail of reckless first time borrowing facilities?
According to this Property Pin thread from 2009, Leo apparently mentioned during an Oireachtas Committee hearing [unable to find it online] that in 2002 he took out a 100% mortgage for, er, himself. Good times, eh?
Earlier: A Limerick A Day
It was quite a surprise to read over my morning Limerick that our Taoiseach Leo V informed the Dail that he got help with his first mortgage from Mum & Dad.
There is nothing wrong with that, of course, yet when he was Dr Varadkar on duty as an opposition TD, he rolled about with all the glibness of his garish socks by telling us he was the owner of a “toxic asset” held with a 100% Mortgage and that it might qualify to be transferred to the new formed NAMA.
Oh such fun he had.
Family homes are not a joke nor is the current lack of residential accommodation, freehold or leasehold or by way of a simple rental agreement. Therefore I would strongly advise against relying on anything this Government announces or promises on housing, in any sector.
The Vacant Site Levy has been debunked, while they can sing the HAP song all they want, if there are no new HAP Landlords introducing more rental units, then there is nothing to spend all that HAP money on, unless we are ok with administration costs.
Please can someone in this current government actually get it right before we start to see shanty sheds, Vans and tents outlining the M50.
See ye tomorrow.