The David McWilliams Podcast

Generation Rent: How Housing Costs Are Exporting Ireland's Future

8 snips
Jul 31, 2025
Matthew Ruddy, a Dublin entrepreneur now residing in Brisbane, discusses the harsh realities faced by young Irish innovators amidst soaring housing costs. He reveals how high rents, averaging two grand a month, push educated risk-takers to emigrate. Matthew shares staggering statistics on declining home ownership among young adults and the consequent mental health crisis stemming from housing instability. The conversation highlights the brain drain from Ireland, as young talent is forced to abandon their entrepreneurial dreams, leaving the startup scene struggling for fresh ideas.
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ANECDOTE

Matthew's Early Entrepreneurial Journey

  • Matthew Ruddy started his entrepreneurial journey by building a website for his aunt at age 17, funding his first car.
  • He gained valuable experience working at Dogpatch Labs, fueling his ambition to start his own business.
INSIGHT

High Rents Stifle Risk-Taking

  • Rising rent costs forced Matthew to take on more consultancy work and reduce entrepreneurial risks.
  • High housing costs increased his risk aversion, dampening his appetite for starting his own business.
INSIGHT

Housing Crisis Drives Emigration

  • The housing crisis pushes Irish young adults to emigrate or forgo independent living.
  • Living with parents becomes untenable past mid-20s, forcing migration for affordable housing.
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