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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][quote=Anonymous][quote=Anonymous][quote=Anonymous]Oh please. My parents did this, and it helped us build equity in a good investment. After a while we sold our first home and bought our second without any additional help. It’s not different than any other advantages the well off have. [/quote] Did you pay your parents back the initial sum they gave you from the equity? I can’t imagine just keeping such a large sum of ‘help’ if I was able to pay it back. Dh and I did the normal scrimp and save for our first starter home and built our own equity. It’s much more satisfying knowing mommy and daddy didn’t do it for us. [/quote] +1 completely agree. I feel like it would be embarrassing and infantilizing to accept so much money for a house when you could afford one on your own, just not an 800k one[/quote] Agree. My parents gave me a small sum to help us with our first house and we paid it back. Being an adult means actling like one.[/quote]
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