There is nothing wrong with getting help from family to buy a home.
It is indicative of a problem that nearly half of home buyers have to. And indicative that we are possibly heading in a direction where only those with familial wealth will own housing. This is objectively a problematic direction.
Also, yes, if it’s some absurd amount like $200k borrowed, nepotism is the right word. A couple grand may not be a lot to you, but there are places where it is as well. I know for a fact plenty of people from my hometown would struggle to loan their child even a couple thousand to buy a home. But the child is stuck paying rent that’s more than a mortgage, keeping them from savings up for said down payment. The fact we can’t save money is a problem, and parents giving their children money to buy a house just masks the issue except for those without that money.
You’re not wrong but again it because of greedy corruption and corporations buying our politicians.
Until we rise up and demand better it going get worse. Unfortunately we can’t band together when 40 to 50% of Americans like the boot on their necks. Long as it hurts others too.
It is indicative of a problem that nearly half of home buyers have to. And indicative that we are possibly heading in a direction where only those with familial wealth will own housing. This is objectively a problematic direction.
Also, yes, if it’s some absurd amount like $200k borrowed, nepotism is the right word. A couple grand may not be a lot to you, but there are places where it is as well. I know for a fact plenty of people from my hometown would struggle to loan their child even a couple thousand to buy a home. But the child is stuck paying rent that’s more than a mortgage, keeping them from savings up for said down payment. The fact we can’t save money is a problem, and parents giving their children money to buy a house just masks the issue except for those without that money.
You’re not wrong but again it because of greedy corruption and corporations buying our politicians.
Until we rise up and demand better it going get worse. Unfortunately we can’t band together when 40 to 50% of Americans like the boot on their necks. Long as it hurts others too.