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Reply to "Buying a first home - did you get the downpayment from your family?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We were given $100K by my husband's parents. We saved another $300K by living very, very frugally in a low cost of living area for 6 years and bought a 1 million dollar house here in NW DC. I don't travel in high-end circles in NW DC but I can easily think of 10 good friends who received more than 500K for a down payment from parents/grandparents. These are just friends from church, playgroup, preschool etc---not from a high end private school or country club. Just my NW DC neighbors. It's wild how much family money there is in NW DC. [/quote] Seriously, this is the kind of disconnect people seem to have with wealth. You DO travel in "high end" circles if you know people who received more than 500k for a down payment from parents. [/quote] [img]http://i.qkme.me/3r0plg.jpg[/img][/quote]
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