Minister for Housing Darragh O’Brien has confirmed that he made an investment of €30,000 into a real estate investment fund in 2008.O’Brien said that he lost 50% of the investment which he sold on for €15,000 at the time.
Speaking to reporters at a press conference on Monday, he said: “If anyone’s looking for investment advice, don’t do what I did."“I lost 50%, I tell you, of it at the time. There’s nothing else to it, it was a standard life product. You declare any investments or anything like that, any shareholdings, over a certain level and I rightly I did that.”The Mail on Sunday reported over the weekend that the Minister had invested money into a global REIT ran by Standard Life Assurance.
Source: News Formal (newsformal.com)
His head is 50% bigger at this time
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Minister for Housing invested €30,000 into real estate investment fund | JOE.ieMinister for Housing invested €30,000 into real estate investment fund The man who couldn’t make money off the surest scam in history. A FF man at that. A Housing Minister at that... Wait, why’s he Housing Minister again? 🤷♂️🤦♂️ The bizarre thing is he felt the need to say actually he declared it, it's akin to saying 'by the way I complied with the law' as if its a good thing. Its a good indication of how fast and loose they play with the rules. If he had made €500,000 instead of loosing €15,000 would it be in the public domain I don’t think so
Source: JOEdotie - 🏆 31. / 51 Read more »
Cabinet to discuss prevention of housing block-buyingThe Cabinet meets at Dublin Castle later today where it is expected that Ministers will assess how to prevent international investment funds block-buying in new housing estates. Come back to me when they’ve done something concrete instead gasbagging The housing crisis will never be solved once this country is led by those who consistently collapsed the economy If these investor funds can see a profit in housing, albeit longterm, why can't our Government see both the economic and social benefits?
Source: rtenews - 🏆 1. / 99 Read more »
Plans to prevent first-time buyers competing with fundsMinister for Housing Darragh O'Brien has said he will share proposals later this week to prevent first-time buyers competing with large investment funds for houses. Didn’t said minister invest in large investment funds years ago? Isn’t that a conflict of interest? Just put it into law, the end. No big investor funds National or international can buy up housing estates, like seriously put a bit humanitarian thinking behind our laws and govern for the good of Irish society and not for Greed. HousingCrisis Shut the funds down NOW
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Poll: Do you think this government can fix Ireland's housing problems?Housing Minister Darragh O’Brien said he is “confident” the government will “make real strides” with housing. Yes they can if they want but they will not. 😂😂😂no Not this government anyway.
Source: thejournal_ie - 🏆 32. / 50 Read more »