Why Buying a Home Is Harder Today | Dublin News

Twenty years ago, buying your first home was almost effortless—back in 2006, a 29-year-old could get a 350K euro mortgage with no hassle, as banks handed out loans freely and people even bought second homes. Today, the average first-time buyer is 38 or 39, thanks to tighter lending rules after the financial crash. Mortgages are now capped at four times income (down from six or seven), underwriters dig deep into your finances, and housing supply has plummeted—from nearly 90,000 new homes built then to far fewer now—making homeownership harder and more expensive for young buyers. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/75cc0552d8d27ee6