Is there something wrong when youth must rely on family cash to buy?

BOMAD isn't open for business everywhere
  • Not everyone can afford to borrow from BOMAD (Bank of Mom and Dad).
  • It seems perfectly reasonable that the parent and grandparent beneficiaries of increasing scarcity should pass on some of the winnings to offspring. And also that offspring would have a tougher and tougher time in the competition and require help.

From professional housing publications to worried social theorists and city councils, we have today a lot of justifiable hand-wringing about the plight of first-time homebuyers, millennials, renters, low-income, seniors — all sorts of groups confronted with difficulty buying a home.