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Real Estate
Reply to "How many people in your social group had family support in buying a house?"
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[quote=Anonymous] There is no shame in having relatives help you financially. My parents loaned me part of the downpayment on my first home. I repaid it promptly. Some people are gifted money, private school tuition for the grandkids, cars, vacations, homes, etc. My adult nephew does not have a paid job and is entirely supported by his father. None of these people are bad people. They pay taxes, they buy things, they volunteer and contribute to society. There is no problem with building generational wealth and passing it on when the time comes. It's rare, but always pretty awesome, to pass it on when the children or grandchildren can make most use of it, in the prime of their life, or to invest in education. My parents can not to that for me, but I hope to do that for my children and grandchildren. Anything else, and it's just jealousy talking. [/quote]
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