A Boring Dystopia

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Welcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down payment (fortune.com)

submitted 1 year ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] dangblingus@lemmy.dbzer0.com 8 points 1 year ago (1 children)

Only 40%? That seems....not true.

[–] Badass_panda@lemmy.world 3 points 1 year ago

I bought my first home at 19, in the middle of the 2008/9 housing market crash. I made an exceptional amount for my age, and put a good deal less than 20% down.

I'd guess a lot of that 60% are in the same boat ... doing well for their age, and taking out an FHA loan.