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[quote=Anonymous]I would like to hear the perspectives from both parents and the adult children who experienced this:

My parents offered to help with a down payment on a house if we stay in the DC area, ideally very close to them(in DC) but they could accept DMV area. The amount would be substantial and would allow us to buy a nice house and keep our mortgage affordable. However, we don’t love the area and have long wanted to move elsewhere (another relatively HCOL area). If we did, they would not give the same help. We would stay renters, or possibly buy a much smaller condo in not as nice of a neighborhood.

We are both responsible, in our mid-30s, and have two young children. We do not have super high paying jobs and we both spent years in graduate school which delayed our savings. We can absolutely support ourselves but homeownership is challenging in a HCOL area.

My question to parents who have done something similar like this - why? Because it’s hard to give so much money without feeling like you are getting something in return? A guarantee of physical proximity and thereby more time spent together?

And to adult children who faced a similar situation - did you take the help with the strings attached? How did it turn out?[/quote]

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