The article discusses the complexities surrounding financial assistance from parents to adult children, particularly in the context of the competitive property market. It highlights the challenges of initiating conversations about financial support, emphasizing the need for sensitivity and understanding. Parents often wish to help but may be hesitant to discuss the implications of such assistance. Furthermore, the article notes that this practice contributes to the growing disparity in home buying, where those receiving parental help can outbid others without such financial backing, thus intensifying market competition and raising equity issues.
The unspoken rules around discussing financial support from parents can be a challenge; it's important to approach the topic carefully and with empathy.
Parents who assist their children financially are inadvertently affecting the property market, giving them an advantage over those without family support, which raises equity concerns.
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