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

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[quote=Anonymous][quote=Anonymous]If you’re not born of this world - and I didn’t join it until college - it is truly shocking to learn how much help some people get. Sure I knew some people had college paid for and a lucky few got a wedding, but I sort of assumed the help stopped there. When I first learned that adults got help with down payments (and likely engagement rings and spendy honeymoons), my first thought was “So wait, what do you actually pay for?!”

It’s also frustrating because it perpetuates this myth of meritocracy. The reality is most people will never be able to earn enough degrees from Harvard to catch up with these massive generational wealth transfers.

I’ve made my peace with it, and absolutely hope to do it for my kids because it does make sense, but I get the jealousy. [/quote]

The ones I know are paying for Golden Goose sneakers and tasting menus with their own money.  Which is fine-  their parents have bought them relatively modest homes by DC standards.  I do wonder if they know how to manage their money but if their parents are getting all the big expenses does it really matter?[/quote]

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