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]I know it's not new for parents to help their adult kids out with their first home financially but the number of parents I know buying their adult kids luxury homes is astounding. Has this become a new trend? I recently reunited with a few old friends from high school (we are now all in our early 30s and yes we grew up in expensive homes in a HCOL area) and a number of them have managed to buy 800K plus homes with their parents co-signing the mortgage because they would never be approved for it on their own. These people include a lawyer who put out a shingle and ekes out 65k a year, a friend who went to dental school and has the loans to prove it but upon graduation got married and pregnant and never practiced while her husband is a middle school teacher and an HR assistant at a fortune 500 company making 55k a year. I get helping your kids but why buy them such expensive houses when there salary would never justify it?[/quote]

Maybe the HR assistant bought $1000 of Etherium in December 2016 and paid for the house in CASH.  You assume a lot and have a toxic jealous mind.  you should focus on yourself and not worry about the financial circumstances of others.  It isn't healthy[/quote]

They've openly admitted to their parents co signing so there's no assumption there. There is no jealousy here,  I personally would not allow for my parents to co-sign a  jumbo loan for me in my 30s. I just find it infantilizing and you'll always be beholden to your parents for their financial help rather than growing up and being an adult. [/quote]

You may believe that, but it actually isn't true.[/quote]

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