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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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[–] ax28@beehaw.org 21 points 1 year 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.