Reply to Can we talk about parents buying their adult children luxury homes

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[quote=Anonymous][quote=Anonymous]We do not come from money, like at all. My mom is gambling away any inheritance that I may have received, and my in-laws are absolutely broke. My husband and I are totally self-made and we bought our $900k home in the DMV a year ago at 30 with no help at all. I’m proud of us and I actually feel a bit sad for people who don’t get to see the fruits of their own labor everyday to the extent that we do. I love our life (and home) because we made it happen. [/quote]

I also bought my own starter home and recent upgrade home, with no parental help.  I'm content with my relative good fortune, but I don't really share your pride in it: nobody is totally self-made and everybody has advantages of one kind or another -- in my case, just really good timing.  I see the fruits of my labor in lots of things, but not particularly the house.

But my parents could absolutely afford to give us life-changing money now and, being honest on an anonymous forum, I'm annoyed that they didn't and won't.  They are blue collar folks and they think the best thing you can do for your kids is leave them something in your will.  They intend me and my sibling to inherit multiple pieces of real estate.  Meanwhile my sibling and I both have only children when we'd like to have more.  (My sibling needs fertility treatment and also has a precarious career; I have a safe but grinding job, and would also need fertility treatment at this point.) It's their choice, of course, and I would never say anything, but receiving that money or property during our 30s would have drastically changed the shape of our lives and families.

BTW, my absolute dream would be for my parents to live with or near us so I could take care of them as they age. They see that as being dependent on their kids and don't want to. The reality is that we'll probably have to liquidate their real estate to pay for their independent living.[/quote]

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