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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]I sure don't expect an inheritance. Would be nice but I think my parents will have spent every dollar (correctly) on their own care by the time they die. What no one has mentioned yet is that of us older types reading this are the "sandwich generation". We are taking care of parents on both sides (3 still alive); we had kids late in life so we have middle-school and high school tuition payments (yes, shifting to public) plus some of us are just now starting into the college expense years; we should be retiring soon but can't afford to do so, and notwithstanding the fact that I had this figured out 25 years ago and saved, saved, saved, and set up college trust funds for my kids (pre 529s), no one saw the 2006 market collapse coming. Losing 1/3 of your portfolio overnight across the board is very hard. We also had extensive hospital bills spanning a decade for one of the grandparents. And brothers and sisters who lost jobs. It's pretty grim for some of us. [/quote]
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