I believe that this is an overlooked factor (albeit small) in the recent boom. As prices escaladed, Mom and Dad dipped and helped finance the kids so “they could get into the market before it was too late”, helping to drive prices up. The boomers are also incredibly selfish, and they ‘ve helped to create a culture in their offspring of “I want it all, now”. I know ALOT of people who were handed hundreds of thousands for that $850,000 “started home”….
