Reply to Buying a first home - did you get the downpayment from your family?

Forum Index » Money and Finances

Reply to "Buying a first home - did you get the downpayment from your family?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]No, my parents came to this country when I was a kid with nothing and were able to make a middle-class life for themselves.  They both grew up overseas to parents that were farmers, so neither went to college or thought about saving up money for college while I was growing up, so I have a lot of student loan debt.  They managed to buy a home and start a restaurant when I was a kid, which is where their money is invested right now.

They wish they could help out after hearing how other parents could put a large amount of money aside to be used either for college, or for a downpayment, but I know it isn't possible for them.

It seems we are slowly moving up the rungs each generation as all my grandparents have been picking their cherry and olive groves nearly their entire lives, and my parents worked in restaurants as a chef and hostess my entire life.  I was the first in my family to go to college and, and just getting to where I am now was considered an accomplishment to them.  I can only hope that I can continue to move up so that maybe I can be well-off enough to help my kids out in the far future.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics