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 return2ozma to c/aboringdystopia

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[–] gornar 18 points 1 year ago (1 children)

I'll definitely be buying my children houses, with all that tons of spare money I have around. Piles of it. Yep. Sooooo much money

Seriously, who are these people that can fork out $100k to each child? I don't even have retirement savings, and I'll die on the job, with any luck! #genx

[–] samus12345 11 points 1 year ago (1 children)

Boomers.

[–] NABDad 7 points 1 year ago (2 children)

Geez, are people putting down $100k as a downpayment?!?

[–] spez_ 7 points 1 year ago (1 children)

I had to put down 300k for my downpayment

[–] NABDad 5 points 1 year ago

Holy fuck! What was the total?!?

(If you don't mind me asking)

[–] Furbag 2 points 1 year ago

I have 100k in savings right now for a down payment, and it's still not enough to get the mortgage payments anywhere near a reasonable amount each month.