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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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[–] Croquette@sh.itjust.works 7 points 1 year ago (1 children)

That's the wrong message that you are getting out of that article. The problem is that more and more people need their parents help to get in the market.

That trend means that at one point, help from parents will be obligatory to buy a first house, closing the market to anyone that doesn't have rich parents.

[–] PowerCrazy@lemmy.ml 2 points 1 year ago (1 children)

I got some bad news to you re: the market being closed to poor people.

[–] bigschnitz@lemmy.world 3 points 1 year ago

Yes, it's bad news. That's the point of the article, to draw attention to a bad societal trend, it's social commentary. Identifying a problem is the first step to solving it.