• WeAllKnowWhyWereHere@lemmynsfw.com
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    1 year ago

    Ok but let’s stop blaming people for buying places to live and recognize that a larger problem is corporations buying properties by the dozens and using them as sky-high rentals or just a place to park money.

    • what@lemmy.world
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      1 year ago

      I’m okay with blaming nepotism. I also want to point out the other problem is the vast majority of new housing builds in cities is entirely luxury condos. You can’t fix a supply and demand issue if you never address supply.

      • glimse@lemmy.world
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        1 year ago

        Calling that nepotism is a stretch imo. There is nothing wrong with borrowing money from your parents for a down payment just like there’s nothing wrong with your parents paying your tuition.

        The problem you highlighted - luxury development - is a significantly bigger issue. And that’s less of an issue than corporate landlords.

        Then there’s private rentals which I’d say is the biggest factor involving individuals (not companies)

        But a 28 year old borrowing money from dad is a drop in the bucket. It feels unfair to me to place any blame on them at all