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[quote=Anonymous][quote=Anonymous]I know it happens.  But we would never accept money from our parents.  My DH's parents offered to give us money as a down-payment and we turned it down.  That's just not who we are.  We bought a home that we could afford.  And we waited until we could afford a home on our own before buying.[/quote]

That's fine that's "who you are".  But clearly you're making a judgment about those of us who took parents' help.  So let's say you waited 5 years before you could afford to buy.  So now you've probably spent $100k or more on rent during that period, plus you'll pay tens of thousands of dollars in fees/interest/pmi to the bank to use their money, that might have otherwise been avoided if parents gave you the money or a large downpayment.  My parents and I are close and this was a no-nonsense business decision. Better to save $150k (whether through me or them) than to give that money to a landlord or the bank.  Being financially stupid is "just not who we are."

(PS this rationale obviously doesn't apply to those whose families aren't able to help. Just to the nose-in-the-air righteous folk who had the option to take parental help but thought they were too good for it).  [/quote]

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