Redfin chief economist Daryl Fairweather: "It seems like the only way to kind of get your foot in the door to the housing market is to have some help"
  • falinter@midwest.socialEnglish
    1·
    1 year ago

    Obama (or Illinois?) gave me 10k down payment in 2009 and I got a tiny townhome at 23 right after I got a job outta college. I stayed in it for 10 years and traded it in for a bigger house like a crab after I got married.

    I was not money conscious at the time but my dad pretty much forced me to get a house if I had the means. I’m glad he did.

    So I guess I was also gifted my down payment from my parents and other tax payers parents.

  • Sentient Loom@sh.itjust.worksEnglish
    1·
    1 year ago

    That’s not nepotism. Nepotism would be some land baron giving land to his kids, or a city official changing zoning to allow their family member to build something otherwise restricted.

  • GivingEuropeASpook@lemm.eeEnglish
    1·
    1 year ago

    God, if only people could just like pool their resources together to build homes or something…

    We could even call it something like “social housing,” and have it be a publically regulated service instead of treating housing as some sort of game of investment for the wealthy? No no, totally impossible…