• Fredselfish@lemmy.world
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    1 year ago

    Borrowed 3k from my bad didn’t have to pay back. There is nothing wrong with getting help from family to buy a home. Fuck this article. The housing issue is caused by large corporations who are buying up all the houses along with interest rates keeping average person from buying a home.

    • pokemaster787@ani.social
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      1 year ago

      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.

      • Fredselfish@lemmy.world
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        1 year ago

        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.

      • Fredselfish@lemmy.world
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        1 year ago

        3k doesn’t make you rich. I get 3k every tax return just on the kids or I did now one is over 18.

        Now if it was 10k or more than maybe but even that is middle class not rich people money. Believe it or not having a million dollars will not make you rich. Oh it helps but it easy to lose and go poor again.

        People don’t understand what rich really is. 10 million our more now your a rich fuck because you now have generational wealth.

        • M0oP0o@mander.xyz
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          1 year ago

          It was a joke on “bad” not “dad”. Not saying there is anything wrong with parents helping family to buy a home. Its not the parents or childrens fault that the market requires this now.

          Edit: I will make a comment on your statement about rates however. Rates are and have been historically low but prices high and going ever higher. It does not matter if the rate is 0.5% but the price is so high you can’t even save the down payment.