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"

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@lemmy.world
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91Y

Boomers.

@NABDad@lemmy.world
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61Y

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

I had to put down 300k for my downpayment

@NABDad@lemmy.world
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41Y

Holy fuck! What was the total?!?

(If you don’t mind me asking)

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.

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