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.

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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.

Wow, can I have those parents?  Seriously.  I'm the PP who paid for her own wedding from start to finish.  I'm curious.  How do you find out that your friends are receiving "500K" from their parents?  Isn't that sort of tacky to talk about money?  I haven't even told ANYONE, not even my children about a recent inheritance due to a death.  I can't imagine bragging to someone that I was receiving $500K from my parents for anything - especially when everyone is struggling so to make ends meet.

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