Reply to Did you get parental help to buy any houses you own?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m interested if those who had help with a downpayment will be able to do the same for their kids.
Seems to me if you had your college paid for by your parents, you should strive to do the same for your kids, similarly to getting help with a down payment, you should really try to do the same for your kids. Otherwise it is clear that the generational wealth is drying up and you haven’t done your part[/quote]

Yes but the reality is in most cases the wealth is gone in 1-2 generations. It’s the norm not to work as hard or be as motivated to preserve it if you didn’t have any skin in the game in earning it. Nothing kills motivation or potential like having a pretty big financial cushion to fall on. It’s simply human nature. [/quote]

You’re acting like everyone who has received and will give family help are wealthy trust funders raising lazy kids who will blow through the family wealth.

But I think most people who are posting that they received help are saying they got maybe $100-200k. That gets you on the property ladder or maybe upgraded compared to what they could have bought. They still have to make the monthly payment, do repairs, etc.

Helping set up your adult children with an education and buying property is a very MC to UMC tradition.[/quote]

Yeah…not a MC tradition considering almost no truly MC people have the money to do this.[/quote]

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