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24th Jan 2018

Leo Varadkar suggests ‘getting money from parents’ to afford housing deposit

Right.

Jade Hayden

leo varadkar

“Lots of us did.”

Leo Varadkar has annoyed a fair few people with his comments on affordable housing deposits today.

Speaking in the Dáil, the Taoiseach suggested that people should “get money from their parents” if they wanted to afford a deposit for a house in Ireland.

He also said that going “abroad for a period and earning some money” was another option.

He said:

“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.”

This comes as a new bill aims to force landlords to give 90 days notice before giving up a property.

The bill, put forward by the Social Democrats, will give tenants more time to find subsequent accommodation.

It is being supported by Fianna Fáil, Sinn Fein, Labour, the Green Party and many major housing charities.

Following this, Varadkar was asked by Labour leader Brendan Howlin how first-time buyers were supposed to tackle the “hopeless task” of getting enough money together to afford a deposit for a house.

Varadkar gave the above suggestions.

He then repeated that “it has always been the case” that people have had to raise money to afford a deposit, “with the exception of one period during the boom when we had 100 percent loans, which I would not like us to get back to because we know where that led us.”

Varadkar’s comments have been met with much criticism online.

Many critical of the Taoiseach’s words have said that his comments point to a total disengagement from young people, the housing crisis, and those who are not middle class.

https://twitter.com/glennthefitz/status/956098547228774401

https://twitter.com/MallowNews/status/956090321783394305

https://twitter.com/rubot/status/956114869098557441

Unfortunately, the bank of mam and dad doesn’t open so freely for a lot of us – namely, because it can’t.

Looks like we’ll just have to get up that bit earlier in the morning if we want to own a house in the future, right Leo?