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

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[quote=Anonymous][quote=Anonymous]I know it's not new for parents to help their adult kids out with their first home financially but the number of parents I know buying their adult kids luxury homes is astounding. Has this become a new trend? I recently reunited with a few old friends from high school (we are now all in our early 30s and yes we grew up in expensive homes in a HCOL area) and a number of them have managed to buy 800K plus homes with their parents co-signing the mortgage because they would never be approved for it on their own. These people include a lawyer who put out a shingle and ekes out 65k a year, a friend who went to dental school and has the loans to prove it but upon graduation got married and pregnant and never practiced while her husband is a middle school teacher and an HR assistant at a fortune 500 company making 55k a year. I get helping your kids but why buy them such expensive houses when there salary would never justify it?[/quote]

Why does this matter or bother you?  It is their family’s business how the parents want to support their kids.  It is not up to you to judge or try to figure out the whys and how.
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