The Rise of Nepo-Homebuyers: The Real Reason You Can't Buy a House Today
In today's episode we are talking about a big reason it's a lot harder to buy a house today that I don't hear many people talking about: the bank of mom & dad. Thank you to the sponsors: Try RocketMoney for free here: https://RocketMoney.com/Shelby 00:00 - Introduction 00:49 - Investment Firms... They Don't Buy As Many Houses As You Think 03:07 - Intro to the Bank of Mom and Dad 12:48 - The Impact on Young Buyers 20:06 - Downsides of the Bank of Mom and Dad 22:46 - The Insecurity of Receiving Parental Financial Help 26:27 - The Myth of the Meritocracy in America 29:05 - Strategies to Buy a House Without Parental Help 33:06 - First-Time Homebuyer Programs and Government Assistance 38:44 - Final Thoughts: Is There a Solution? for business inquiries: churchshelby@gmail.com Learn more about your ad choices. Visit megaphone.fm/adchoices