153
Welcome to the ‘nepo’ housing market: 40% of homebuyers under 30 get family money to cover their down payment (archive.ph)
submitted 2 years ago* (last edited 2 years ago) by to c/personalfinance@lemmy.ml
40 comments fedilink hide all child comments
 

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

you are viewing a single comment's thread
view the rest of the comments
[–] 21 points 2 years ago

It sucks for people who aren't able to get financial assistance from their family (I'm one of them) but this isn't nepotism. This is families doing what is necessary to get a first house in a lot of current housing markets. Nepotism would be if houses were only being sold to family members/acquaintances of the owners.

  • permalink
  • fedilink
  • source
    •