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[quote=Anonymous]OP, do you not read DCUM? A simple search using the search bar would've returned quite a few lengthy threads on this topic.

In my cultures (mix of Mediterranean and Middle Eastern) it's absolutely the norm where parents either pay the down-payment, or more common, they just buy their kids a house outright. My parents started buying property for my sisters and I when we were kids. Being the oldest, I was initially planning on selling one of those properties for my down-payment on my first place, but my parents just bought it outright, giving me many years of rent-free / mortgage-free living. I then used my savings to buy homes and condos in Potomac, MD, Los Angeles, CA, and Palm Springs, CA.

And unlike many here, we weren't always wealthy. We came to this country with $214 and my dad's dream to become a physician. But he knew that he wanted to set his kids up to never need or want for anything, so growing up in South Florida, any time a property became available that he could afford, he bought it up. It also doesn't hurt that he was an early investor in Apple, at a time when most people thought he was crazy for believing in it, which really turned life around for our family. [/quote]

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