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Reply to "How common is it for young adults to receive life changing amounts of money from family?"
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[quote=Anonymous]Well we could not have gotten a loan on our $890K home (15% down) without a loan of 10K and a gift of 10K. We have 500K in equity now and that’s a good chunk of our net worth. The loan was from my dad who makes maybe 350 a year, and has no other source of money. So 20K was life-changing for me, but I’m sure it wouldn’t be for a lot of people. And actually it wouldn’t be now.[/quote]
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