Whatever money we do generate tends to get eaten by high tax rates and we end up seeing very little of it
Becoming a landlord doesn’t always generate passive income. Photo: Getty
I dropped a friend home one evening after a late night out and we got talking about property. He had just returned from the US and was back living in Ireland, renting while waiting for his new house to be built. It was a very nice house, in a good neighbourhood in Limerick.
Eventually, I asked him what he was paying in rent.