Reply to Can we talk about parents buying their adult children luxury homes

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would 100 percent buy my child a nice home if I could.  Who wouldn't want to create intergenerational wealth for their child or grandchild.

[b]What I find bizzare, however, are people who lead others to believe they are Neiman Marcus achievers when really they earn a Macy's living and got an inheritance or financial help from parents or whatever. [/b] Or they behave same but instead of money from parents, they consume as much free stuff as possible and sell lots of used items for under $10 for cash on FB.[/quote]

Yeah I have known lots of people like this. They don’t really let anyone know about the hundreds of thousands of dollars they get from their family. Instead they represent themselves as great financial successes. [/quote]

When you guys say these people represent themselves in a certain way, what do you mean? Like how does it even come up? [/quote]

The people who brag at school pick up about spending the summer at "our summer house" when it is really their parents. I could never figure out why my husband and I were such losers that we worked full time at good jobs and could barely afford a weekly rental andall these stay at home moms could afford nannies and owned summer houses.[/quote]

Vast majority of Americans today have NO ancestors that were in America 100 years ago.merely being in the US in order to buy cheap property, etc 100 years ago is a form of privilege that most of us don't have. How foolish of my in laws not to have had the foresight to "buy a little cabin" while they were in a refugee camp.

Many summer houses are passed through families; especially those from new england/upper midwest. Great grandpa bought a cabin 120 years ago. Family has been slowly upgrading it over the years. The original house was a shack with a separate outhouse. [/quote][/quote]

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