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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[–] falinter@midwest.social 1 points 1 year ago

Obama (or Illinois?) gave me 10k down payment in 2009 and I got a tiny townhome at 23 right after I got a job outta college. I stayed in it for 10 years and traded it in for a bigger house like a crab after I got married.

I was not money conscious at the time but my dad pretty much forced me to get a house if I had the means. I'm glad he did.

So I guess I was also gifted my down payment from my parents and other tax payers parents.