Nepo babies using 'mommy and daddy money' to buy homes spark wave of friendship-ending jealousy
Many Gen Z Americans and Millennials are suffering from 'house envy,' a growing anger towards others their age who are able to buy a home easily with help from family. They are fed up with being outbid with all-cash offers from fellow members of their generation and have been forced to resort to desperate measures in order to land a house. Despite grappling with a rocky market, economic uncertainty, and the aftershocks of Covid-19, both groups want homeownership even if it comes with huge risk.
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