Well thats exactly what we ask young people to do when it comes to purchasing their homes. Imagine a pensioner going into a finance shop and looking for investment advice that went along the lines of “we’ll take all your cash and invest it next Friday in the Irish stock market and we know you only have 100k so we will arrange a loan of 900k (great low rates available) so you can invest 1 million. How does that sound?” Well we all know that’s not right, don’t we?
Well that’s what we do with our youngsters today. So it’s a bet. The kid times the housing market right, they’re quids in, time it wrong and well that was 2006, 2005, etc. You remember? Why would you do that to your kids? Check out https://homeoptions.ie – I’m compromised/conflicted/profit from/etc. but now you know!