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Reply to "How many people in your social group had family support in buying a house?"
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[quote=Anonymous]I don’t know anyone in my social circle who received help on their homes. But we don’t talk about such things. We did not receive help nor did any of my siblings or DH’s siblings. We started out in a tiny 1940’s brick box, moved to a 1960’s split level, and finally to another 1940’s close-in small red brick colonial (this is what one gets for over a million?). 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. We save a lot of our income though and hope to be able to help out our children on their down payments. I didn’t know it was a thing until I read DCUM—generational wealth.[/quote]
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