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student goes on driving rampage around Dublin city centre.
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This is kinda separate and I don't want to derail too much but 20 years ago I knew people on minimum wage who could afford a mortgage. Sure they saved and lived at home but they did it. Now you have people on 30k a year who do that.
There wasn't a minimum wage in Ireland 20 years ago.It used to be that working hard was enough, now the majority need to work hard, study hard and even get a little bit lucky.
Always been the case, at least in my lifetime, and I'm in my 40's.The average house price is probably 10 times higher than it was 10 years ago and wages haven't kept up. The average young person is spending 60% of their wages on rent so saving for a deposit is out of the question.
Again always been the case in my lifetime.And in colleges so many are pushing themselves so they can get a graduate position. For that they need the best grades since they're competing against so many other graduates.
When I left college over 25 years ago, unless you were very lucky, the choices were take a rubbish job, or emigrate.btw, I remember when i was in my 20's a guy I knew got a quite for 8000 punts for car insurance. He eventually went with Quinn for 3k. That was the reason we couldn't afford cars
When I got my first car my insurance was £3000. I had to get a letter from a doctor saying I didn't drink in order to get that rate! (good old PMPA).
The myth that young people have it so hard these days is just that - a myth. When my parents bought their first house, they paid just over £12,000 for it, with mortgage rates many multiples of what they are now. When I bought my first house, I paid £120,000 for it. My eldest will be buying their first house in the next 3-4 years - I doubt they'll pay the equivalent of £1,200,000 for it.0 -
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