Reply to How many people in your social group had family support in buying a house?

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[quote=Anonymous]We had help. Spouse came to relationship with no student debt (had a lot of scholarships but his family paid for living expenses), and I came to the relationship from a LMC home and tons of student debt. ILs paid off about a quarter of my debt and offered us about a third of the total down payment. We had it saved already from living very frugally for a long time, but the gift allowed us to keep more of our savings in reserve. That was a good thing because the small, old house we bought needed a lot of unexpected work right out the gate.

My ILs were not fabulously wealthy people. Maybe $180 HHI at the end of their careers. But they had family help along the way, lived modestly, and when it came to their kids it was never seriously debated they would help out whether we asked them to or not. I hope to repay the favor to my own kids and have even helped out my siblings during tough times. Having been on my own for all things financial I know how stressful it can be. [/quote]

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