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Real Estate
Reply to "Can we talk about parents buying their adult children luxury homes"
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[quote=Anonymous][quote=Anonymous] I will say helping your kids get their first true starter home (a townhouse, condo, etc) is one thing. But and $800,000 home is not that and even in this area (suburbs) is a pretty decent home. Perhaps the parents feel guilty that their kids obviously are not good with money, I don't know. OP, just know that you can actually get there on your own (my husband and I did) but it takes a bit longer and being smarter. My parents did end up gifting us a large sum of money later that we have since invested for the future - so I am not criticizing generarational wealth. The difference will be that your friends will probably NOT have their own wealth to pass on, where you will.[/quote] So you think the $800k house will not appreciate bit OP’s $300k house will? Housing appreciation is one of the major means of wealth transfer in the US[/quote]
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