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Reply to "Buying a first home - did you get the downpayment from your family?"
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[quote=Anonymous]My parents set aside a certain amount of money for my college, but I graduated in less than 4 years so I had some left over. In 2001 I bought my first place in Brooklyn - the money left over was enough for 20% down. 10 years later I sold it for more than 2x what I bought for and bought a small house in AU park. For me it was really good timing and luck. I would talk to your parents. I don't think there is harm in asking, and they of course can say no. [/quote]
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