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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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[–] PowerCrazy@lemmy.ml 7 points 1 year ago

This isn't "nepotism" and trying to conflate everything with "nepotism" is really just providing cover for Capitalism. Having rich parents is a thing that will always occur. Parents that are able to provide you with more support is not the issue here. The issue is that Capitalism has made it where without more support, the average person cannot afford a home.