Comment on Welcome to the 'nepo' housing market: 40% of homebuyers under 30 get family money to cover their down payment

Echo71Niner@lemm.ee ⁨1⁩ ⁨year⁩ ago

• regular_human@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Yeah the market sucks, but being salty about parents financially supporting their kids ain’t it

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  • Echo71Niner@lemm.ee ⁨1⁩ ⁨year⁩ ago

    being salty

    It’s the year 2023.

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  • Very_Bad_Janet@kbin.social ⁨1⁩ ⁨year⁩ ago

    I can see, however, that people buying homes with the financial help of their parents could make it almost impossible for people without that help to purchase. It's one of the reasons why I bought my first place in my 30s - I was competing with people who had huge down-payments courtesy of their wealthy parents.

    It's the same reason why people resent homebuyers moving from a VHCOL location to a lower cost of living place, bringing with them the relatively large amounts of money they made from the sale of their old home or larger WFH salaries, driving up the housing costs and pricing out the locals. Also the same reason people dislike expats purchasing homes in relatively LCOL countries.

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• Zorque@kbin.social ⁨1⁩ ⁨year⁩ ago

  other people have rich parents who have the brains

  *bank accounts

  I dont know why you're conflating throwing money at your children with intelligence. If anything, it'd be empathy over brainpower.

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  • Echo71Niner@lemm.ee ⁨1⁩ ⁨year⁩ ago

    Actually it’s brain power, to not allow the humans they created, to be subjected, to insane rent costs for the rest of their lives.

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    • Zorque@kbin.social ⁨1⁩ ⁨year⁩ ago

      Again... empathy, not brain power.

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    • Alto@kbin.social ⁨1⁩ ⁨year⁩ ago

      Nah you're right, the parents who simply can't afford it are just dumb

      Fucking idiot

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• nxfsi@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I for one support the revival of neo-feudalism and the divine right of kings, seeing as that is how the housing market is trending towards.

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  • Echo71Niner@lemm.ee ⁨1⁩ ⁨year⁩ ago

    No thanks, we need to get rid of the (Royal Families) we have on this planet dirt, not add to it. Having said that, if you create a human being that goes on to live to 70-90 years, you are solely responsible for them until your death.

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    • Zorque@kbin.social ⁨1⁩ ⁨year⁩ ago

      So the kids aren't responsible for themselves?

      But honestly, this is all besides the point. The issue is that people need that assistance to even have a chance at buying a home. Not that there's parents with the means and empathy to help provide for their children. Trying to imply the blame is on the parents instead of the system thats been created is misinformation at its finest.

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      • Echo71Niner@lemm.ee ⁨1⁩ ⁨year⁩ ago

        In a world where everything runs pn money, if parents didn’t teach their kids how to make money before they are abandoned financially at 18, then those parents didn’t do a good job and in fact failed them. They brought them into this world, so they should have helped them learn how to make and handle money in this world that’s all about money. They wouldn’t have had to struggle with the “system” they knew about before having them.

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