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by rightbyte 347 days ago
> I don't know where these people are getting money from

Inheritance?

2 comments

Quite possibly. Along with all the other crosscurrents right now, you have a fabulously wealthy boomer generation starting to give their wealth to their children. If I'm not mistaken, the millenial generation has a lower average wealth than previous generations, but the millenials with inheritances or family money are doing much better than almost any generation before.
I don't know if actually being able to afford real estate is 'doing better', it's more a 'not doing worse' situation imo.
Definitely inheritance.