Reply to Shocked at how many families in nice DMV neighborhoods are living in relatives' homes

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Reply to "Shocked at how many families in nice DMV neighborhoods are living in relatives' homes"

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[quote=Anonymous][quote=Anonymous]How does this affect you? If those elderly people put their house on the market, it would be another $1m++ house that you couldn’t afford anyway. [/quote]

Yes, everyone comes from a different background in life.  Life isn't always "fair".  I went to what's now a 90K+ college.  I was part of the 40% getting FA.  I had to work my ass off to have enough money.  My weekends were a choice of "I have enough for dinner out with friends or to go to a movie but I cannot do both".  Meanwhile, 50% of the kids spent whatever they wanted as M&D funded it.  They went to Cancun on Spring break and to Europe to ski over winter break.  And spent their first few summers traveling wherever they wanted.  Meanwhile I was working 60+ hour weeks.  Such is life.

Some people inherit their family home.  Others have parents gift them $200-300K for a downpayment.  Others fully pay for college and graduate school. Some do all of that.

And some have to work for everything themselves.

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