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this post was submitted on 14 Aug 2024
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A Boring Dystopia
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Misleading statistic. This doesn't include parents/grandparents who buy houses and then put their kids name on the title. Nor does it include when parents pay for all their kids college expenses, or rent, or their cars... etc...
Yeah, my wife and I didn't inherit any money or get any kind of gift for a down payment but we wouldn't be homeowners unless our parents paid tens of thousands into each of our college educations.
Yeah for sure, a vast majority of people in the United States receive financial help from their family. 70% or so. Less than a third don't.
Which I guess swings us back to the surprising fact that a broad majority of millennials can afford a home and a simple majority already own one. Just seems crazy.