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Real Estate
Reply to "Can we talk about parents buying their adult children luxury homes"
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[quote=Anonymous]Informal poll: do you have a different perspective on this kind of gifting based on parents social status when you or they were growing up? My parents both grew up working poor; my mom on the verge of poverty. They became lower/middle middle class with civil servant jobs. My dad was super cheap... My mom instilled a value of self reliance. I got a hs job at 14, got a merit scholarship to college, saved for my first purchase with no help. Doing fine but DH has student loans that has really cut into our lifestyle especially early on. On the flip side..my moms first cousins grew up upper middle class. Their kids (my generation) upper middle class and then some. Those kids fully expected $400k downpayment from the bank of mom and dad. Full payment of summer camps for Kids, vacations , cars etc. It wasn’t an ask, it was a given.. [/quote]
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