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 First-time buyers to be in negative equity 'for 10 years' 3/16/2010 - 9:46:15 AM The average first-time buyer will be in negative equity for the next 10 years, according to a new report. The report from Dr David Duffy of the Economic and Social Research Institute (ESRI), outlined in today's Irish Independent, estimates that the average household in negative equity owes €38,000 more than the home is worth. |
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