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Most of my friends who bought a house in Seattle in their 20s or 30s used inherited funds. When I worked in mortgage lending it was basically universal that any
by fumeux_fume 2y ago
Most of my friends who bought a house in Seattle in their 20s or 30s used inherited funds. When I worked in mortgage lending it was basically universal that anyone younger than 30 was getting a lot of help from parents. There's a massive advantage to owning a house when you're young, especially pre-rate hike.
- kristianp 2y agoJust getting into a home loan pre-rate rises is the biggest advantage, due to the fixed-rate nature of home loans in the US. This article is another restating of the fact that wealth inequality is the greatest its ever been.