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Reply to "Feel poor at 300k HHI"
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[quote=Anonymous][quote=Anonymous]There's a TON and I mean a TON of family money and family-subsidized lifestyles in the greater NW DC area. I live in upper NW and can think of at least 30 families who get (or got) money from their parents---be it through giant downpayments (think $500K or more), annual distributions to the gift max x 2 parents x every member of the family, actual trust funds, college accounts paid in full, vacations paid for by grandparents or all of the above. I've never encountered this anywhere else I've lived besides NW DC. [/quote] Have you lived in Ny?[/quote]
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