Have you ever scrolled through social media and secretly wondered «How the heck are my peers affording that lifestyle?»
Yeah, we don’t know how they are funding those Bora Bora vacations, either. But a recent report from Zillow gave us some pretty good intel on how people are actually affording down payments for homes in big cities. We’ll give you a hint: It has nothing to do with skipping avocado toast or cutting Netflix from the budget.
Rather, 54 percent of urban buyers are using financial gifts from family members or friends to help cover the down payment. Ah-ha, right?