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Reply to "It’s extremely hard to raise kids in a nice neighborhood without generational wealth "
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[quote=Anonymous]Op- I generally agree with you. I bought a SFH in McLean at 2M, both of us were 34 at the time but had 50k gift from parents to cover the gap for the down payment. I could have paid it myself but it would have meant liquidating stocks and paying a lot of tax. On the back end I spend lot of money on my parents in other ways so in my mind it evens out. We had a 400k W2 income at the time, now 500k. [/quote]
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