Welcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down payment
Welcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down payment
Redfin chief economist Daryl Fairweather: "It seems like the only way to kind of get your foot in the door to the housing market is to have some help"
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I'll definitely be buying my children houses, with all that tons of spare money I have around. Piles of it. Yep. Sooooo much money
Seriously, who are these people that can fork out $100k to each child? I don't even have retirement savings, and I'll die on the job, with any luck! #genx
Boomers.
Geez, are people putting down $100k as a downpayment?!?
I had to put down 300k for my downpayment
Holy fuck! What was the total?!?
(If you don't mind me asking)
I have 100k in savings right now for a down payment, and it's still not enough to get the mortgage payments anywhere near a reasonable amount each month.