this post was submitted on 29 Aug 2023
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A Boring Dystopia
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I don't get it.
I understand the current housing market is messed up, but parents helping their kids putting a down payment for their house is dystopic "nepotism" now? Wouldn't you help your loved ones if you have the means to do so even if you are not super rich?
Would it have been better if they told their kids to pick themselves up by their own bootstrap and get a 30 year loan from big banks instead?
I believe the point is that people need nepotism to afford a house
Calling it "nepotism" is really weird. It's just family lending money to their kids.
Nepotism would be more like your parents owned a second home with renters living there, then you kicked the renters out because of your family connection just to live there rent free.