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Money and Finances
Reply to "Giving kids a down payment "
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[quote=Anonymous]This is going to be so specific to each child. -are their strings attached? What if the child divorces and their spouse gets the house? -is it tied to anything like marriage or children? -I’ve had friends give 15k a year (30k from the dad and mom combined to the kid) so there aren’t tax implications. If married you can double that. -what if one kid refuses to buy a house? This happened with my sister. My parents tried to give her 250k, which was half of a sfh in her cheaper state and she refused. I took the help however. [/quote]
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