How many people in your social group had family support in buying a house?

[Anonymous]

We don't talk about Bruno, and we don't talk about money.

[Anonymous]

It’s not about the house, but the “help” that comes way before the house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have no idea because this is not something that would be talked about.

Same. I not only have no idea, but I also have no interest in the information.

I admire people's houses, ooh and ahh where appropriate and enjoy people's company. Everyone has a different story. We have a pretty good house, and we know many that have bigger and nicer houses, but even more than have smaller or less expensive houses (we probably around the 70-80th percentile in house size/worth in our circle). I care about the people more than I care about the house or the source of the money for their houses.

Good point, but we all innately want to root for the underdog. We want to see the truly self-made (wo)man succeed. So seeing a majority of buyers gifted money to buy homes at the detriment of the rest of us still hurts. Some fresh college grads bought a 700k house I was tracking. Yes, I checked public records.

[Anonymous]

None.

[Anonymous]

Almost all of them. I know because some of these friends are close enough that we talk about it (e.g., when they bought their house, they said something to the effect of "we couldn't have bought it without help from parents/ILs"), some friends I know because they volunteered it in talking about how insanely expensive some parts of this area are.

We're GenX, live in 20910 (not super expensive), but we're also the only ones I know who had zero family help. A lot of people get help in, say, an initial condo purchase when younger, and then don't "count" that, even though they of course were able to leverage that investment later on.

[Anonymous]

One. Her mommy and daddy bought her a house with cash.

The rest of us: zero. But, our parents did pay for our college tuition, so also zero student loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not a single one.

Same.

Same, as far as I know.

another same

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have no idea because this is not something that would be talked about.

Same. I not only have no idea, but I also have no interest in the information.

I admire people's houses, ooh and ahh where appropriate and enjoy people's company. Everyone has a different story. We have a pretty good house, and we know many that have bigger and nicer houses, but even more than have smaller or less expensive houses (we probably around the 70-80th percentile in house size/worth in our circle). I care about the people more than I care about the house or the source of the money for their houses.

Good point, but we all innately want to root for the underdog. We want to see the truly self-made (wo)man succeed. So seeing a majority of buyers gifted money to buy homes at the detriment of the rest of us still hurts. Some fresh college grads bought a 700k house I was tracking. Yes, I checked public records.

I understand what you're saying, but... I am someone who bought a two bedroom/two bath luxury condo when I graduated from college. Did you want me to ... not buy it? Leave it for the elder millennials? I had the money because when I went to college my dad gave me money that was meant to cover rent and necessities and I never spent all of it, plus he gave my child support to me directly, and my trust paid for school. So I was able to save a lot. I was not one of those girls getting her nails done weekly or anything. I got my hair cut twice a year and got takeout once a week and ate out with friends once a week. So I was saving, though I wasn't suffering.

I then sold the condo for a profit and DH and I bought a Victorian.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have no idea because this is not something that would be talked about.

Same. I not only have no idea, but I also have no interest in the information.

I admire people's houses, ooh and ahh where appropriate and enjoy people's company. Everyone has a different story. We have a pretty good house, and we know many that have bigger and nicer houses, but even more than have smaller or less expensive houses (we probably around the 70-80th percentile in house size/worth in our circle). I care about the people more than I care about the house or the source of the money for their houses.

Good point, but we all innately want to root for the underdog. We want to see the truly self-made (wo)man succeed. So seeing a majority of buyers gifted money to buy homes at the detriment of the rest of us still hurts. Some fresh college grads bought a 700k house I was tracking. Yes, I checked public records.

I understand what you're saying, but... I am someone who bought a two bedroom/two bath luxury condo when I graduated from college. Did you want me to ... not buy it? Leave it for the elder millennials? I had the money because when I went to college my dad gave me money that was meant to cover rent and necessities and I never spent all of it, plus he gave my child support to me directly, and my trust paid for school. So I was able to save a lot. I was not one of those girls getting her nails done weekly or anything. I got my hair cut twice a year and got takeout once a week and ate out with friends once a week. So I was saving, though I wasn't suffering.

I then sold the condo for a profit and DH and I bought a Victorian.

This is A+++ level trolling.

[Anonymous]

None. I wouldn't be friends with them if they did.

[Anonymous]

I had none and neither did any of the friends who shared with me about their home purchases. We are also Black so generational wealth is not abundant as it is for others.

[Anonymous]

Anonymous wrote:None of our houses were luxurious nor in prestigious neighborhoods. But that’s what we could afford on a $500k salary and no parental help.

I have to laugh at “but that’s all we could afford on our $500k salary”

[Anonymous]

Anonymous wrote:I had none and neither did any of the friends who shared with me about their home purchases. We are also Black so generational wealth is not abundant as it is for others.

I also have to say this is why I don't have a lot of sympathy for people here whining that they can't buy a house with their $250K-plus salaries, wahhhhhh.

[Anonymous]

One neighbor who mentioned it. In my peer group, none.

[Anonymous]

You would think people would be embarrassed to mention that their parents helped them to buy their house. I don’t get it.