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Real Estate
Reply to "Can we talk about parents buying their adult children luxury homes"
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[quote=Anonymous][quote=Anonymous]I trust you are reading the news about the increasing gap between the haves and the have nots? This is what it looks like to build generational wealth. [/quote] This. Giving your child money (or property) during your lifetime, when they are trying to build their family and buy a home, is more helpful than them inheriting the same amount when they are 50+ and you die. As for "luxury" homes, land is a finite resource and, in general, getting in earlier means better returns. I don't know why you would help your kids buy a condo or townhouse if they wanted a detached house and you could afford to help them. Why not put them in their "forever home" from the start? (Obviously if they prefer a condo, that's different.) [/quote]
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