Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Can we talk about parents buying their adult children luxury homes"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Interesting class study in this thread. It’s very middle class to think you have earn something. Upper class doesn’t view nepotism and social capital as a character flaw but rather a sign that you’re smart and successful and worthy of the benefits this gives you.[/quote] This. I have only seen people here talk so much about making it on their own with parental help and such. My parents love me and want to help me. I appreciate it. And then you pay it forward. [/quote] I have mixed feelings about it. I was raised in a poor immigrant family, spouse in a family that has been well off for a few generations. Nepotism is how all of my in laws got their jobs, and they all had help with housing costs. They definitely don't feel badly about it and I don't think that they should. However, I'm doing just as well as my spouse's siblings career-wise, if not better, with zero help or connections, and we paid for our own house. I have to admit it does feel pretty good. :lol: On the other hand, I plan to help my own children as much as I can. Including jobs and housing. [/quote] This is where my head is at. I didn't get any help from my folks for marriage, house, etc thus far. Have they been helpful in other ways? Of course. But from a money perspective, no and that's because there simply was not that much money. My mother is 75 and she just got an inheritance from her father that just passed away. I sure hope that I am not 75 before I get some passed down wealth. lol I'm not banking on it any time soon, but gosh, it sure would be helpful! In my mom's case, it should so happened that she came into some generational wealth but very late in life. My perspective on this is to help my kids somewhat with college and I'm not so sure how much I would help with a DP on a house. It would depend on how mature they are, etc. That said, I would love to start sharing SOME generational wealth with my kids when they are in their 20s and 30s, if at all possible because I know that although I was able to do it, overall cost of things these days is much higher and I acknlowedge that. I'm in my early 40s, btw.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics