Reply to Can we talk about parents buying their adult children luxury homes

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think this is a "trend" per se, it's just parents giving their children what they can afford. In your instance,  you are hanging out with people whose parents  can afford to help with $800+  homes.

This is very common in other parts of the world. The childhood home I grew up in (not here) was given to my dad by his parents.  
My DC are preschoolers now, but when the time comes, if I can afford to do it,  I will absolutely help with housing. 
 [/quote]

Sure, I think it's one thing to help with housing, it's another to put them in a home they would never get close to be able to afford. Forgetting even just the principle and interest on these mortgages the property taxes and maintenance alone on these houses would take a chunk out of their salary. 
[b] There is also the matter of what others in their circle think or know of them[/b]. I feel like this is almost a face saving or vanity measure for the parents. Yeah my kid only makes 55K but if I put them in a 800K house nobody will think that, they'll think they're "winners" just like me. 
[/quote]

I don't see why that matters. DH and I received no financial help from our parents towards housing, but many of our friends did. I'm happy for them and don't judge them for living in a house they couldn't afford to live in without help. 
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Agree.  Unfortunately, with Biden's inflation seems like we will all need to help our kids with housing at this rate. [/quote]

🙄🙄🙄[/quote]

I'm a Democrat, and I support many of Bidens programs.  But if they pass trillions in infrastructure spending, with the government competing for resources with private capital, there will be severe inflation, despite what the talking heads tell you.[/quote]

Much better to continue to ignore infrastructure- the crumbling bridges add character to the landscape and the laughable fiber networks are quaint [/quote]

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