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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This board is insane sometimes. Idk a single person whose parents helped them buy a house [/quote] really?

Im in my 40s-  live in DC and I dont know a single person who bought a house without some family help, either living rent free with the parents for a few years, a loan,  , shared equity in the home, or just a gift from either parents or wealthy siblings who gave a loan.   [/quote]

Similar except early 30s in Arlington. We are the only ones who bought without family help and I guess we even got help cause we used the $25K we got for a wedding on our closing costs (since you can’t really have a proper wedding for $25K in this area unless you do it in your backyard or a public park). [/quote]

Yes I certainly know people who got family help.  But also know people who didn't.  I guess it depends on where you live- I suspect those making these statements live in places where houses are $1.5 million+.  Not all of DC (or even Arlington) is like that, but those people would probably never look at those parts of DC or Arlington to buy/live.[/quote]

I don't know definitively about my neighbors in Upper NW DC...but I strongly doubt any had significant family help buying their homes hearing some of their back stories (they will mention growing up middle class or equivalent or mention that they are actually helping support their own parents).  I am older but had no family help either.

Many of the new buyers are dual-income BigLaw senior associates or partners in their mid-to-late 30s, or similar dual-professional type jobs.  It really doesn't seem like they were stretched to come up with $400k for a downpayment just on their incomes and savings.[/quote]

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