Kel Galavan

But at the same time, renting is a very expensive experience.

So making that decision on what you're going to do is a really hard one because

I was a 1980s kid and renting didn't exist.

Like anybody who rented, it was nearly like, what's gone wrong in your life that you can't maybe go from your parents' house, get married to move into a house.

But back then, if you had a deposit, you could buy a house.

Whereas now we're looking at a generation that no matter how much they save, house prices are rising so fast, it's continually out of reach.

So you kind of have to go, okay,

Am I okay renting for a while?

And what does that look like?

It goes back to planning and strategy.

Because you could be renting, let's say, in Dublin.

But your long-term plan might be to live in another country or live somewhere else in Ireland.

Well, then is it worth renting for X amount of time?

Or do you invest in that property and have that as your property?

It's really, really tough because we don't know if house prices are going to stay going up.

And we don't know if there'll be a massive recession and they'll be giving away houses like they were before.

in 2010 and 12 but nobody had the money to buy them then because we were all wrapped up in negative equity so I think in Ireland we're in a transition because the rental market hasn't done catch up yet like you could go to Germany right and in Germany it is very very normal to rent for your entire life and very well to do families will rent nice properties for their entire lives and never own them and I know some families and they have like

Money is not a problem for them.

They have companies, they run their own businesses, they have all this thing, but it wouldn't occur to them to buy a house.

It's a different mindset.