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[quote=Anonymous]My parents paid 1/3 of the down payment for my first condo in DC (280k), my grandmother paid a third and I paid a third. I was able to pay this third because (a) my grandfather left me money when he died, (b) I’d lived at home for my first year and a half after college and saved my salary and (c) had no student loans (parents paid for college and I paid for grad school with a combination of an academic scholarship and a job working for a professor.). So although it was “my” money my family obviously had set me up to be able to pay my portion. I also covered the closing costs associated with the sale. Once it was mine, I paid for all the associated costs (taxes, insurance, repairs, painting, condo fees etc) though I think my parents’ Xmas present to me one year was chipping in about $500 toward fixing my broken heater. I lived there 10 years which enabled me to save up a ton of my money (condo fees were way less than rent would be.) For 6 of those years my husband lived there too. We sold it when we moved for his job. The company paid all the fees and we didn’t want to manage from afar, but sold it for less than I’d bought it for. That said, it was still a good decision as I would have lost more in rent over the years (all in, the condo probably cost me on average $700 a month, rent would have been a lot more.)  We live in a very expensive area now so have rented since moving. I’d like to own again at some point, but the homes here start over $2 million. [/quote]

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