Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Giving kids a down payment "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]We got significant help when buying our house. Ours will be paid off much sooner than it would have otherwise been, and therefore it will be easier for us to gift our children with a down payment (super hypothetical, kids are elementary aged). Depending on where the kids eventually live/if they have kids, it might make more tax sense to offer to pay for our grandkids’ private school tuition and give a smaller amount for a downpayment. Again, super hypothetical. Without help from our parents, we would have chosen a much smaller house and/or not been able to afford private school. Dual physician family, so we are now high earners but spent our 20s and early 30s in medical school/training, so we didn’t have a significant nest egg. [/quote] I actually don't understand the moral of your story. So, you would have owned a smaller house and your kids would attend public school. Not exactly the worst outcome either. Obviously, you likely could easily upgrade both with your dual-physician income, so it's simply a matter of timing. Would you somehow resent your parents if that had been your trajectory? [/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