“Sibling Rivalry Exposed: Why One Woman’s Financial Success Sparks Unfair Family Favoritism!”
The recent report from Oxford Economics found that merely 36% of American households earned enough money to afford a new home. That’s a massive drop from 59% in 2019. It’s not just an issue with earning potential.
The spike in home prices is also due to higher demand and fiercer competition in the real estate market. Another major factor is the rise in mortgage rates. “While house prices increased in every metro, the rise in mortgage rates eroded affordability more significantly as rates nearly doubled from 3.7% in Q3 2019 to a high of 7.3% in Q4 2023,” explains senior Oxford Economics economist Barbara Denham.
What’s your take on the situation, dear Pandas? Are you siding with the dad for supporting his son when he needed it or do you think this is too much favoritism? How are you supporting your kids as they’re moving into adult life? Have you ever had any family help you with your down payments, college tuition, or bills? Let us know!
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