Reply to How old were you when you bought a house that is $1.2m+

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think the OP you are referring to is Asian. It is very common for Asian parents (especially ones that are still in Asia) to pay for huge downpayment or buying outright. I know one Chinese colleague, she and her husband bought a $2.2m townhouse in Georgetown at 28. It was paid entirely by the parents.

But do keep in mind, they have to take care the parents after they retire. No senior living community, which is considered a shame. I'm not sure I would trade parents help for that.[/quote]

No, no and no. [b]Please stop with the cultural assumptions.[/b]

[/quote]

I am curious about whether this is a person who is progressive or not. Because the anti-racist education that is on the rise is *entirely* predicated on making these types of assumptions.[/quote]

It is also anti-factual.  Reality is that many Asian families do have these kind of expectations.  Not all, of course, but many do.  I don’t know why we are now not allowed to acknowledge facts because we don’t approve.[/quote]

I mean, it would help if you provided a source. Maybe you have one but I think most Americans have ideas of cultural expectations based on their narrow experiences with that culture. The vast majority of Asians cannot help their children buy a home in the US. Obviously that’s going to play out differently when we look at Asians who were able to immigrate to the US, but that in and of itself says nothing about “Asian expectations.” And remember “Asia” is not just Singapore. It’s like people watch crazy rich Asians, read the joy luck club, have a few Chinese acquaintances, and think they know what Asia is like.

Plus, around half of Americans get help with their home purchases. So if it’s a cultural thing, Americans have that in common with “Asians.”

(Sorry for all the scare quotes but I swear people forget that India and the Philippines and other countries with vastly diverse cultures are part of Asia.)[/quote]

Shoot here is the link. https://www.usatoday.com/story/money/2021/02/03/homes-near-me-52-first-time-buyers-get-help-family-friends/4364255001/[/quote]

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