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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Oh please.

My parents did this, and it helped us build equity in a good investment. After a while we sold our first home and bought our second without any additional help.

It’s not different than any other advantages the well off have. [/quote]

Did you pay your parents back the initial sum they gave you from the equity?  I can’t imagine just keeping such a large sum of ‘help’ if I was able to pay it back.  Dh and I did the normal scrimp and save for our first starter home and built our own equity.  It’s much more satisfying knowing mommy and daddy didn’t do it for us.  [/quote]
+1 completely agree. I feel like it would be embarrassing and infantilizing to accept so much money for a house when you could afford one on your own, just not an 800k one[/quote]

PP here.

[b]What is and isn’t infantilizing really depends on your culture and social group. [/b]This kind of help is incredibly common among my peers.

It wasn’t a big deal for my parents to give us 150-200K for a down payment. They also gave us 50K for furnishings, and paid for our wedding, and paid for graduate school, and are funding our kids’ 529s, etc.

There are a lot of people who are not trust fund wealthy but still wealthy enough to get significant help from their families.[/quote]

This is true. I know of people in their thirties that still have mom do their laundry. Many adults who are still taken care of by their parents feel comfortable with it and not infantilized whatsoever. [/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