There is nothing as expensive as spending money instead of investing it. Renters in Ireland know this intuitively, as high rent is what precludes them from being able to afford a deposit to buy in the first place. The arithmetic of poorness is universal and merciless. You end up permanently paying more for worse outcomes, because you never made the upfront investment that would have made things cheaper in the long run.
One recent headline illustrated the cost of this mentality in the Irish State: the Government is considering writing off part of young doctors’ student debts if they agree to...
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