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Reply to "Family wants to give $ for house down payment- WWYD?"
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[quote=Anonymous]It is actually very common for parents to help with a down payment. Think of it this way, you can do the same for your kids someday. Parents have the benefit of accumulation of wealth over time. We accepted down payment assitance from my parents 12 years ago, and it has gone completely fine. My DH was initially opposed, but he came to see that it was a good decision. We were able to buy a house (nothing great) but in a good neighborhood, where the homes hold their value. That will set you up to have a good situation for your kids now, and be able to help them down the road when you sell and downsize. [/quote]
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