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

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[quote=Anonymous][quote=Anonymous][mastodon][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think we can all agree, at least, that anyone that accepts a handout, gift, or other measure of help without providing something of commensurate value in return is a total piece of trash. So, it’s okay to accept a $5M inheritance to buy a home…so long as you turn around and pay that forward by donating $5M of your own to a charitable organization, for example. This is what most people do, or at least I would assume. I can’t imagine a society so broken down where this wouldn’t be the norm?[/quote]

Pay it forward, yes - but not necessarily in that way. We do donate to charity but the way I think of paying it forward is through the generations. So we accepted all the help of college, grad school, wedding, downpayment, etc, and we will do the same for our children. And I hope they will do the same for theirs.[/quote]

lol.  Ensuring that all the money is kept with your own genetic line isn’t exactly paying it forward. It’s the definition of self interest.

Man, rich people are just… different. [/quote]

Are they? Isn’t that what everyone tries to do for their own family, within their means? You’re saying that if you had enough money to pay for all those things for your kids you wouldn’t, and you’d give it to charity instead? That’s lovely of you but I don’t think there are many who would do that.[/quote]

I’m the one whose parents live in an $8m house and we haven’t gotten even $200 over the years. Paid own college. Even on kids baptism, birthdays and communion they haven’t written a gift check. They have never bought a single flight to see them or treated us to a weekend away with them, etc. Holiday gift was a $25 blanket from home goods and we have a very good relationship with them and visit several weeks a year. I often do wonder why. I would have thought they would have helped a little with the kids college fund or something. That said, we are independent and solidly UMC- high income, kids go to great school, we own a second home and live in a very nice neighborhood. We aren’t rich and we have plenty of things we want that we can’t afford and definitely do have to think about money in a way our friends who have help from parents don’t. I do find myself resenting it a bit, mostly because they benefitted from inheritance themselves. I just find it ironic I guess but this is God’s path for us to do it on our own and we are doing a fine job at it so it is what it is. [/quote]

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