Dear Log,
«Given that just more than 50 per cent of private property [in Ireland] is owned by people over 60, the younger you are the harder it is to break into the property market. Economists now talk about a 'Japanese-style property market' where first-time buyers have to wait until their home-owing parents die in order to be able to get a house of their own; in the meantime many chose to live in the family home until well into their twenties or thirties.»--"The gain and pain of the Irish boom": An authoritative new economic study suggests that the Republic is booming, but the reality is far more complex
