So the average price of a condo in DC is $530,000. And for young professionals who are trying to make do with sky high rents, it's not very likely that home buying is within reach when a hefty down payment of cash is necessary. Unless you have Grandma Giver or Daddy Deep Pockets, that is. Higher numbers of sympathetic generations want to help their relatives start building equity in a home when rates are low--and when they are still alive. Family bonds are better than stocks and bonds. [Washington Post]
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