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kleinbl00 · 3420 days ago · link · · parent · post: Renting in America Has Never Been This Expensive
I think that's simply not the case. The typical intergenerational assistance these days is 'boomer parents giving millenials their down payment and it's still a killer. We've got friends that are able to own a 2br condo as teachers for the simple reason they teach in the Pacific Palisades, and a 1-hr commute is manageable. However, they had twins so now they need a 3br condo (at least) and a 3br condo within an hour of their jobs is $600k. Even with a downpayment (and the parents paid the first one) they're looking at $2500/mo in rent.