Monday, March 16, 2009

Donie Cassidy, Fianna Fail Leader of the Seanad and Property Investor

Seanad speech, 10 April 2008:

"Now is the right time to buy. We have a duty to tell first-time house buyers, young couples with no previous experience, that there is unbelievable value in the marketplace today. It will not last forever. It is never the wrong time to do the right thing. I offer the House the benefit of my experience and my opinion which is all any Member can do. I will remind the House, perhaps in 12 or 18 months, when prices have again increased by 25% or 30%, that they were told this by the Leader of the House on this historic day, the tenth anniversary of the Good Friday Agreement."

Irish Independent, 16 March 2009:

In an article entitled "Senator defends gaffe on house prices":

"What nobody anticipated in Ireland was that the global thing was going to have such a downturn. Who would ever have thought in their wildest dreams that Lehman Brothers would go to the wall, that Fannie Mae and Freddie Mac would have to be bailed out?"

(Ireland was already in a downturn when Cassidy originally spoke - CMcK)

But you can't keep a good man down:

"Now is the right time to buy. [...] It's a fantastic opportunity. From a young person's point of view, you can buy a four-bedroom semi-detached house for €200,000 in the Midlands. These houses were €320,000 two years ago"

Irish Mail on Sunday, 31 Oct 2010 (via

"a personal rather than a business decision"

- in response to the Irish Mail on Sunday questioning him about the transfer of the family home to his wife.

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