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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
Yup, we were the same way. And I'll do the same for my kids.
My parents aren't rich and neither am I, but I do want to help my kids out. I'm going to help them with school to, but I suppose that's nepotism as well to OP.
Ikr? I left home at 18, but my parents helped pay for school (about half), though I still had to work my way through. When I got married, I paid for all of my expenses. When we started growing our family (one kid, second planned), my parents helped me buy a house because mortgage rates were so low and waiting to save would have meant we'd miss out on those rates. We paid them back quickly.
I totally could've done it all myself, but we would've pissed so much more money away on rent and higher interest rates.
I'm now self reliant and am totally willing to help out any siblings, nephews, etc if needed. I was always taught to pay it forward, and that's what I plan to do.