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Reply to "Buying a first home - did you get the downpayment from your family?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No. And honestly, it never occurred to me to ask them. Both DH 's and my parents have plenty of money. However, we would never accept money from them to purchase a home. If we were in a dire financial crisis, it would be different. But to buy a home? No. [b]We are adults capable of earning our own way[/b]. [/quote] This is a noble point etc - but it basically says that SAHMs aren't adults, yes? Since they aren't "earning their own way?" Hope there aren't any SAHMs on here bragging about how "they" bought a house.[/quote] Well then, let me be the SAHM to say that I am the reason we are could buy a house. I may not make the mortgage payment but because I put the money in a 401 k which rolled to an IRA, I withdrew it under the FTHO clause since we had no other help. We found a way- not how others did it but it worked for us. OP, yes, I am your same age and have tons of friends who have parents that just throw cash their way- 20% down on any house you want, money to fix things, furniture to sit on, new HVAC when it breaks, oh your kids need clothes- just circle what you want and we'll buy it. Oh you want a vacation? Where, we'll pay for it multiple times a year. DH and I have none of that. It sounds nice but we are capable of doing things on our own- that includes watching our children, buying our own furniture and finding a way to buy a house without our parents. For parents that gift their children money, I think that's great that your parents are able to do so but asking for the money because you've been single and enjoying life...you don't get my sympathy.[/quote]
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