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Real Estate
Reply to "Can we talk about parents buying their adult children luxury homes"
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[quote=Anonymous]I think you’re seeing it more for two reasons: First, there’s a huge inter generational transfer of wealth occurring in society (bigger than ever before). Second, parents are seeing what their kids are able to afford even with good, white collar salaries, and feel bad for us. This was us. When we first moved to DC we were making $220k. Took my parents to look at houses one weekend and my mother basically said, “oh dear I feel sorry for you.” They ended up giving us a bit extra for a down payment that enabled us to live a similar lifestyle (modest my parents lived (modest house, close in) when they first moved here. [/quote]
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