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Welcome to the ‘nepo’ housing market: 40% of homebuyers under 30 get family money to cover their down payment (archive.ph)

submitted 1 year ago* (last edited 1 year ago) by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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Definitely a trend I see around me (Europe, 30 years old).

All of my friends able to buy got at least 30k - 50k from their parents.

Is it the same around you? How do you deal with this?

Also, some data from a few days back:

omg

https://discuss.tchncs.de/post/2426785?scrollToComments=true

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[–] PatFussy@lemm.ee 10 points 1 year ago

Calling it nepotism for home buying is just sour. I dont know what kind of money bags is putting 20%+ on a first time buyers home but if they can do it then id rather that then sone fucking chinese pool landlord barrons that own 5000 houses accross the country to leave empty.