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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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[–] Valdair@kbin.social 2 points 1 year ago

Would absolutely have been impossible for us without money from my mother's trust (deceased) and my father. Even living cheaply, with a very good deal on an apartment that we luckily locked in as COVID started and rent increases were put on moratorium, the appreciation of properties was so aggressive that saving $1300 a month meant we were actually losing ground on hitting a 20% down-payment on half decent starter homes. We desperately need the housing bubble to burst, but it's not even """really""" a bubble.