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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)
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:
https://discuss.tchncs.de/post/2426785?scrollToComments=true
The Downpayment Toward Equity Act (currently still in Congress, but already budgeted for) is meant to address the generational wealth gap you described, so there is hope. It would give a $25,000 grant to first-generation first-time home buyers.
I don't think anyone should be ashamed of getting help from parents for buying a home. As you said, it is essentially an advance on one's inheritance. Nepotism is favoritism for something intended to be merit-based.