Reply to NYT: 30 somethings still being bankrolled by their parents

Forum Index » Money and Finances

Reply to "NYT: 30 somethings still being bankrolled by their parents"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My wife (in her 30's) still has many childhood friends in DC being subsidized by their parents.[/quote]

x100000

Nailed it.  Big families that buy their children houses, etc.  WTH?  How on earth is that teaching them anything?  It hurts far more than it helps, I can tell you first hand. [/quote]

LOL this is delusional.  Of course having help with a house purchase[b] helps[/b]![/quote]

Maybe?  I may be unusual but I don’t want money from my parents.  I like that my husband and I have done everything on our own and on our own terms.  Our parents did pay for college in full.  I do get concerned about inheritances.  We both stand to inherit decent estates (a few million each) but will figure that out when the time comes. [/quote]
Not PP, but it is delusional to say that it hurts unless parents are bankrolling their entire lifestyle. My family paid for our down payment and give annual gifts. We both work hard and do not spend like crazy, but it has made it immeasurably easier to not have to worry about saving for a down payment and to know that we have a cushion...and I don’t feel any shame for not having earned the nice extras myself. I also don’t lie to friends who ask me how I own a home in my 20s. EVERY person I know in my age range (mid 20s) who owns a home received parental support.[b] It’s not restricted to lazy princesses as much as some people on here clearly would like to think that[/b].[/quote]

I don’t think people on here assume that.  I know many friends who have accepted a large check from parents.  They also don’t know how to save.  If you can’t save a downpayment, you aren’t ready for home ownership.  You might be able to afford the payment, but there’s a high probability you’re not saving much besides paying your mortgage.   The same “lesson” that needs to be taught to save the downpayment is what is used later to accumulate wealth.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics