House help is a demand too far
We’ve been treated to a run of news stories about young people who’ve bought homes in their 20s, most with the help of their parents.
I like to see people get ahead, and I congratulate these young people, especially on their good fortune to be born to parents wealthy enough to help them.
These stories must make painful reading for less fortunate young people, and for parents unable to help their offspring into homes.
It seems on top of everything traditionally expected of parents, the pressure is on for them to help their young ones avoid a lifetime rental serfdom in the city of their birth.
Here are the four messages parents in high house-price cities might take from these articles on young home-buyers.
Two are all achievable, one a stretch, and the other all-but impossible.
I rate each one on a one-10 ‘‘doability’’ scale.