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Think of your future for a minute: do you see yourself in 10-15 years' time living in your own home? Well, you can basically say goodbye to that idea if you want to own a house in the capital: the average house deposit in Dublin is €50,000.
Yep. €50,000. If you saved €100 a week, it'd take you just under 10 years to do it. But with many young people earning only enough to cover their basic living costs, in a city with astronomical rents and nowhere to live, it would be a lot harder to save €100 a week.
But that's what first time buyers face in Dublin, according to the Central Bank.
98fm reported that most people who bought homes in Ireland last year had a deposit of about 20% of the house's value, and most first time buyers had a deposit of around 15% of the value their house.
But if you want to live outside the city, you'll need €25,000 for a deposit, which can still be hard to scrape together. So yeah, what ever way you look at it, buying a home for Generation Y in Dublin is nothing more than a pipe dream.
Ffff.
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