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 [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 year ago (1 children)

I wish I had a rich bad.

[–] [email protected] 3 points 1 year ago (1 children)

3k doesn't make you rich. I get 3k every tax return just on the kids or I did now one is over 18.

Now if it was 10k or more than maybe but even that is middle class not rich people money. Believe it or not having a million dollars will not make you rich. Oh it helps but it easy to lose and go poor again.

People don't understand what rich really is. 10 million our more now your a rich fuck because you now have generational wealth.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

It was a joke on "bad" not "dad". Not saying there is anything wrong with parents helping family to buy a home. Its not the parents or childrens fault that the market requires this now.

Edit: I will make a comment on your statement about rates however. Rates are and have been historically low but prices high and going ever higher. It does not matter if the rate is 0.5% but the price is so high you can't even save the down payment.