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Money and Finances
Reply to "Buying a first home - did you get the downpayment from your family?"
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[quote=Anonymous]My parents paid for my closing costs. This was 30 years ago. They gave a couple thousand dollars. I was very grateful. It is a hardship for many parents today to offer money to help their children buy a house, as many have just finished shelling out for college tuition. If they keep giving all of their money to their children, how will they have enough for retirement and end of life expenses? Then of course the children expect inheritances.[/quote]
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