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.
- 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.
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Inman Connect New York | January 29 - February 1, 2019