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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] Ditto here, although I'll tweak it to say Idk a single person my age (mid 50s) who had parental help buying a house. But of course, back in the olden days this was possible. I bought a $115k 1BR condo as my first home with a 3% down payment which was pretty easy to save up, even though I was only making $36k/yr. Then saw the latter comment from someone who said they don't know anyone who didn't have parental help. How times change... [/quote] I’m in my 50s. Zero parental help, most of my friends did not get help either. I know one friend whose husband gifted them a large down payment. I saved up for my children’s college, and whatever is left will be their down payment. [/quote]
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