Hong Kong’s high housing costs pose a serious challenge even for middle-class families. After paying for their children’s university education, many parents must also cover a down payment and help with the mortgage.
Traditionally, parents were often willing to help their children buy homes. Today, however, graduates face an unstable job market, 
making them reluctant to take on long-term mortgage payments even with parental support to pay the down payment.
Although this may seem irresponsible, many graduate jobs are short-term contracts lasting only one or two years. With uncertain income, young people cannot confidently commit to a mortgage. Some even think they will eventually inherit their parents’ home, further reducing their willingness to buy property now.
For example, a friend’s daughter graduated from the University of Hong Kong and worked for the Lands Department on a two-year contract, which was not renewed. Despite wanting to buy a home, her unstable career prospects make it unrealistic.
