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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Last year I was hanging out with a longtime friend and he got unusually tipsy and told me exact numbers on what his parents contributed for their house, wedding, honeymoon, and kids college fund. It was jaw dropping. I know his parents so I know they are well off, but I had no idea. His dad is a surgeon, but does not come from money and I know things were quite lean for their family when my friend was a kid and his dad was a resident.

His parents gave them 60k towards their down payment (structured as loan they wrote down over several years), 20k for the wedding (half the cost of the wedding), 10k for their honeymoon, and contribute 5k per child per year towards college costs.

The 10k honeymoon really stopped me in my tracks. I knew their honeymoon was expensive but put in those terms I realized how out of reach my friend’s lifestyle is for me. Because that’s just a “nice to have.” So is the wedding, but you figure some of that money is also paying for the cost of hosting their family, so it’s different. But the honeymoon is just a straight up gift. And you could take a lovely honeymoon for a lot less (we did!). The idea of just being able to toss off 10k for a vacation is amazing to me.[/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