First-time buyers make light of their heavy mortgage burdens

The caricature of the Irish first-time buyer is of a harried individual, greying prematurely at the temples, working every hour God sends and yearning for the distant day when it will all be over.

6th August, 2005

It's a false one, however, according to the Permanent TSB/Economic and Social Research Institute (ESRI) survey published last week. Instead, up to 44 per cent of PTSB's first-time buyers said that their mortgage repayments were “no burden at all'‘. Meanwhile, 49 per cent went so far as to admit that their repayments represented “somewhat of a burden'‘, while a measly 6.5 per cent conceded that they felt under “heavy burden'‘. Permanent TSB's head of marketing...

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