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Blaze@discuss.tchncs.de to Personal Finance@lemmy.mlEnglish ·
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2 years ago

Welcome to the ‘nepo’ housing market: 40% of homebuyers under 30 get family money to cover their down payment

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Welcome to the ‘nepo’ housing market: 40% of homebuyers under 30 get family money to cover their down payment

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Blaze@discuss.tchncs.de to Personal Finance@lemmy.mlEnglish ·
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2 years ago
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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

  • Zarxrax@lemmy.world
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    2 years ago

    Hasn’t it always been like that? Article doesn’t really give any comparison figures against prior years, but I really don’t think this is anything new.

    • Neuromancer@lemm.ee
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      2 years ago

      deleted by creator

      • RustedSwitch@lemmy.world
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        2 years ago

        “Slightly”

        • Neuromancer@lemm.ee
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          2 years ago

          I own several homes because I travel for work.

          Each one has went up 20% a year at least.

          Homes are supposed to go up the rate of inflation.

          I bought one in 2020 for 320. It’s now worth 650. That’s insane.

          • NovaPrime@lemmy.ml
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            2 years ago

            You time travel for work fam?

            • Neuromancer@lemm.ee
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              2 years ago

              Corrected. Good catch.

    • Blaze@discuss.tchncs.deOP
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      2 years ago

      Some data for US and Canada:

      https://discuss.tchncs.de/post/2426785?scrollToComments=true

      Canada is indeed crazy

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