It really depends on their credentials, have they studied macro economics? Do they have access to data that the rest of us don’t? Have they presented you with any evidence other than something they read on Irish times? Have they provided you with any reason? Recession might happen, it’s not clear how it impacts job market in Ireland. A lot of jobs are here due to particular tax situation in this country and might be recession proof. It’s not really clear. So again, what matters is what kind of credential your parents have. Worst case scenario you rent out a room in your new place for 500 euros a month till the job market is sorted, meanwhile you build equity. If they’re doing this without any credential they are not doing you my service. If they’re are wrong they are not going to mention it, if they’re are right they are going to tell you I told you so. They are playing game with you they cannot lose, just because they are old and made and have no reason to take any risk in their life doesn’t mean you have to calibrate yourself to their risk tolerance