“Lots of us did.”
Leo Varadkar has said that he received financial aid from his parents when he was purchasing his first home and said that this remains an option for some people wishing to buy homes.
Responding to a Dáil question from Labour leader Brendan Howlin, who said that it was hopeless for people renting at exorbitant rates to raise a deposit of €25,000 – €30,000, Varadkar said that people raise money many different ways, including loaning it from their parents.
“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,” Varadkar responded.
“Sometimes people go abroad for a period and earn money. Others get money from their parents. Lots of us did.
“Others get money through other loans. Sometimes people stay at home for a period and raise a deposit in that way.
“It has always been the case that a person needs to raise a deposit to buy a home, with the exception of one period, during the boom when we had 100% loans and I wouldn’t like us to get back to 100% loans because we know where that led us,” Varadkar added.
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