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Reply to "Giving kids a down payment "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This board is insane sometimes. Idk a single person whose parents helped them buy a house [/quote] You cannot be serious. [/quote] Seriously. They must not know many people. My spouse and I are nearly the only people we know whose parents did NOT help them buy a house. I could not figure out, when I moved to DC, why everyone seemed to be so much better off than me, when we had similar jobs. Turns out, it's because their parents paid for their cars, cell phones, rent, etc. It's very, very common in the DC area. It's not even like this is an exclusively UMC/wealthy urban thing. Even in rural America, parents give their kids parcels of the family land to build on (or swap houses when someone downsizes and the kids need more space for their grandkids).[/quote]
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