Reply to 44, I don’t own a house but kids are in private and college is paid for…

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not OP or PP, but it seems entitled to complain that your parents don't help with a down payment when you acknowledge you have good salaries and your parents help with college for your kids.  You realize that most people have to save for a down payment and college, right?[/quote]

I'm not complaining. I'm noting.

And, I know very few people who did not receive some form of assistance from their parents. Hell, my parents got $5k from my grandparents in 1971 for their downpayment. My parents have been extremely generous, but there was never a discussion about in what way--I can't complain (and haven't) that they've already financed by kid's college education in advance, but I think that if 12 years ago, they had given me 1/3 of what they have put into our kid's college accounts, I would own a nice house and would be pretty heftily be paying into a 529. But they didn't.

I'm just commenting on the weirdness of it. When talking to my peers, a lot of them are really stressed about how to pay for college and are unhappy they can't send their kids to private school... but they own homes I can't imagine ever owning. I wonder who, in the end, is better off. I think, financially speaking, they are... but I don't regret prioritizing my kid's education.[/quote]

Now this is interesting...

I don’t know anyone at the private schools who is a renter who is not on significant FA…like nearly 100%.

On the other hand, I do know homeowners with decent two fed incomes that receive like 60% FA.

OP…you could have had the best of both worlds as I am pretty sure the privates don’t look at home equity for FA.[/quote][/quote]

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