I'm saving for a house as a FTB at the moment. Saving for the deposit is not easy but that's fine and I don't mind doing it.
A friend runs a hobby shop which I frequent quite often. I was chatting to him the other day and apologised for my lack of spending lately and explained the situation. Of course he said he doesn't mind but it's a small shop and I'd be a good customer.
It got me thinking though - I'm no longer handing over money at the local deli, no longer spending as much in supermarkets, no longer spending as much on clothes/shoes, no longer buying tickets to support local causes, not going on as many trips around Ireland and not frequenting restaurants/pubs as often.
Instead all this money is being stored away until sometime in 2021 or 2022. So what cost are high house prices and high deposit requirements having on the economy? And is there a better way?