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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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[–] mnemonicmonkeys@sh.itjust.works 2 points 1 year ago (1 children)

If we instead built more mixed housing near transit lines (e.g. business at ground level and a purchasable apartment above it), you could own something and not need a car to get around.

Unfortunately, zoning laws don't allow this in most US cities

[–] sugar_in_your_tea@sh.itjust.works 2 points 1 year ago

Right, so the focus should be on fixing zoning laws, not on trying to get people into needlessly expensive homes.