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Reply to "Parent subsidizing my sib big time but not me. Would you be ticked?"
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[quote=Anonymous][quote=Anonymous]In my opinion, one of the issues here is that OP's whole family seems to think that 120k HHI is poor and living in a 350k house is unbearable. I get the instinct to help a child a bit more who needs more help, but there is a difference between helping and enabling bad behavior, such as buying a 500k house that the sister and her husband will struggle to maintain. I agree with the poster who forsaw the OP's sister always being a dependent on the family. That's just not an ideal situation, and the smart thing for all involved in my humble opinion would be for OP's parents to encourage OP's sister to live within her perfectly acceptable means. If I was OP's parent, I would give extra money to OP's sisters kids down the line for college instead of keeping my daughter addicted to a lifestyle she can't maintain. [/quote] Although I agree that they might struggle to maintain a 500k house, I can guess why the parents are doing this. Have you seen what little 350k buys you nowadays. We shopped all year long in 2015 and 350k buys you an ok 1-2 bedroom condo or a tiny townhouse in a bad neighborhood . 500k opens up SFH or good TH options. [/quote]
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