• @[email protected]
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    351 year ago

    Calling that nepotism is a stretch imo. There is nothing wrong with borrowing money from your parents for a down payment just like there’s nothing wrong with your parents paying your tuition.

    The problem you highlighted - luxury development - is a significantly bigger issue. And that’s less of an issue than corporate landlords.

    Then there’s private rentals which I’d say is the biggest factor involving individuals (not companies)

    But a 28 year old borrowing money from dad is a drop in the bucket. It feels unfair to me to place any blame on them at all

    • @[email protected]
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      111 year ago

      It highlights the fact that own housing is not affordable for many unless you have wealthy enough parents to cover the downpayment.