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Money and Finances
Reply to "When your friends live large and you feel like a loser . . ."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If her family lives overseas it could be a family apartment/investment? Chinese or Indian?[/quote] Indian[/quote] I knew it! Parents usually pay for or at least give down payment for a couple's first home.[/quote] What? I'm married to an Indian-American man and his parents never gave us a penny! They are not poor either.[/quote] Do they not approve of you?[/quote] They didn't like me at first (I'm not Indian) but they've warmed up to me over the years especially after having kids. Is that why they don't pay for anything?[/quote] I am from a similar immigrant community and people have really negative stereotypes about American women- the most relevant of which is that they will not stick with the marriage. So they refrain from giving their kids that marry Americans any money in case "the worst" happens, then they will give their kids money. Once you had children and they got to know you this worry was relieved a little bit, but they're not giving your family money until they die. I've seen it happen in my family.[/quote] Wow. This is the first time I've heard this, despite being married to my husband for 15 years! That was an eye opener. Thanks. [/quote] Some Indian people are clannish, and feel this way, regardless of who their kids marry. I'm Indian American, married to an Indian, and my parents are wealthy. My husband's parents are middle class and live in India. My parents will do anything to avoid giving him money. They massively fund our kids' 529s and I have 2 paid off houses in my name in a trust, but they are pretty open about not wanting give us any shared monetary gifts. I'm not complaining, just stating the facts. The situation may be different if my husband's family were wealthy too.[/quote]
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