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August 1, 2018 01:59 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/6tcIBTaDuLw/multigenerational-inequal.html
California home-buyers are increasingly reliant on parental gifts to afford their down-payments
California's housing bubble has pushed prices so high (the median Californian home sells for double the national average) that, in some cities, 48% of first-time buyers could only afford to purchase their homes because their parents gave them the downpayment. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/6tcIBTaDuLw/multigenerational-inequal.html
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