Support Strategies
Nearly 24% of young homebuyers (Gen Z and Millennials) use family gifts or inheritances to fund down payments, with others selling stocks (20%), accessing crypto (13%), or dipping into retirement savings (12%) :contentReference[oaicite:10]{index=10}.
To reduce costs, ~18% lived with family, worked second jobs, or reduced retirement contributions.
- Family assistance remains common
- Asset liquidation increases risk
- Personal sacrifices to enter market
Trade-offs
Liquidating retirement or savings impairs long-term financial health, yet remains common due to limited housing affordability :contentReference[oaicite:11]{index=11}.
Living with family or working extra hours may alleviate short-term burden but delay independence.
- Delayed financial independence
- Compromised long-term wealth growth
- Short-term solutions with long-term cost
Conclusion & Actionable Advice
Young buyers should combine family help with disciplined savings and alternative housing models like co-buying or rent-to-own to minimize liabilities.
Balancing home entry with preservation of retirement savings ensures both short- and long-term security.
- Leverage help strategically, not fully
- Continue contributing to retirement
- Explore affordable housing models