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

Sure, it's not unethical for a kid to accept (necessary) help to survive, though it is to vote for or otherwise institute a society where that is necessary. The point the article is attempting to make is social commentary to draw attention to the fact that increasingly the lottery of inheritance is the only means of owning a home.

The first step to resolving the issue is identifying it. Nobody likes the implication that their success is not earned, by making that uncomfortable point the author is attempting to cause people to support change to correct this trend.