Reply to Giving kids a down payment

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I remember when I finished college thinking that I was finally on an equal playing field with all the rich kids. Right? Because you either got the high paying job or you didn’t. Life was finally a meritocracy, and I, the middle class kid of color was finally on their level.

Let’s all laugh together now. 🫠

By the time my peer group was getting married in our late 20s/ early 30s, I realized that I would likely *never* catch up to the sheer engine of generational wealth. My peers were being funded weddings, down payments, and as several people have said here, private school tuition and nannies. It was honestly a good lesson for me to finally stop comparing myself to people who came from very different means.[/quote]

You had me until the “even private school tuition” line.  That had me rolling my eyes. Private school is just not necessary.  [/quote]

PP. I'm not following. Most people I know who can fork over $$$ for a down payment are happy to support private school tuition.[/quote]

Well you don’t know me obviously.  I’ve provided down payments to my kids and will likely end up helping with college tuition but wouldn’t dream of paying their kids’ private school tuition.  It’s not even a remotely necessary expense.   You need a place to live and for all practical purposes need to go to college.  You don’t need to go to private school though, and if you’re not satisfied with your public than you don’t buy the house I’m giving you the down payment for in that district.  You buy somewhere else.

Private school is a waste of money for most kids and most families.  [/quote]

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