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Reply to "How many people in your social group had family support in buying a house?"
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[quote=Anonymous][quote=Anonymous] On DCUM I learned that a lot of people received downpayments from parents. A lot of that reporting may be the green-eyed monster, honestly, and a self-selecting, wealthy social circle. Most people in the world do not receive help from their parents. We started out in the area in a one-bedroom rental in Silver Spring and went on to a little house in Bethesda. No one in my middle class (not upper middle class DCUM) circle of friends received help from their parents. We are the only ones, and the loan we received was not a gift. We repaid it.[/quote] You don't need to be wealthy to do this. Or maybe my definition of wealthy is different. I know middle class (immigrant) families who do help their children. They just happen to be very frugal people who sacrificed for their children and saved for this sort of thing. I am talking about families who make less than 100k a year. They may not give their kid like 80k+ but maybe 10-20k gifts.[/quote]
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