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Started By
Message
re: Parents Buying Kids Homes
Posted on 5/25/26 at 3:13 pm to Scruffy
Posted on 5/25/26 at 3:13 pm to Scruffy
quote:
many words by Scruffy trying to attach blame to MIZZ
MIZZ understands that politicians have fricked everyone over, including boomers.
MIZZ also understands all generations are pawns so worrying about when the shite hits the fan is futile.
MIZZ is fascinated that Scruffy doesn't understand the above statements and continues trying to assign blame to pawns.
1
Posted on 5/25/26 at 3:17 pm to DR93Berlin
I bought a home for my son and his family. I am happy , they are happy and their dog is happy.
Posted on 5/25/26 at 3:19 pm to Raging Tiger
Surprised at all the animosity towards some of y’all’s parents and an entire generation. My parents are boomers and I’ve never held animosity towards them or aunts and uncles. Dad retired a mechanic and fought in Vietnam while my mom was a school teacher. I didn’t even know people compared themselves as adults to their own parents until this thread 
I have honestly never tried to compare how I am as a dad to how my dad was or who was more successful
My FIL retired from the railroad and MILis still a secretary for an H&R Block type place. Neither of us came from good money but we still appreciate our parents even if they didn’t buy our house or pay for our college
I have honestly never tried to compare how I am as a dad to how my dad was or who was more successful My FIL retired from the railroad and MILis still a secretary for an H&R Block type place. Neither of us came from good money but we still appreciate our parents even if they didn’t buy our house or pay for our college
This post was edited on 5/25/26 at 3:25 pm
Posted on 5/25/26 at 3:20 pm to ChatGPT of LA
quote:
I bought a house for myself/investment property, but in my daughter's name....if I pass away, she'll already own it taxes free. It would go to her anyway
I'm guessing you didn't consult anyone who knows anything about taxes before doing this lmao
Posted on 5/25/26 at 3:21 pm to Wolfhound45
I am not saying I don’t. Life is not fair… I get that.
It’s just interesting to hear how this board handles situations like this. I guess that they are real OT ballers.
It’s just interesting to hear how this board handles situations like this. I guess that they are real OT ballers.
This post was edited on 5/25/26 at 3:22 pm
Posted on 5/25/26 at 3:22 pm to Raging Tiger
In the town I work in, a few months ago a man bought his grandsons a street full of duplexes so they have as rental income while they are starting out.
Posted on 5/25/26 at 3:25 pm to Mizz-SEC
The "Tytler Cycle" is a real thing and wasn't started by boomers, nor were boomers given the opportunity to break that cycle
But it is a convenient answer for the uniformed and poorly educated
Your post is spot-on.
But it is a convenient answer for the uniformed and poorly educated
Your post is spot-on.
Posted on 5/25/26 at 3:27 pm to Mushroom1968
quote:
Surprised at all the animosity towards some of y’all’s parents and an entire generation. My parents are boomers and I’ve never held animosity towards them or aunts and uncles. Dad retired a mechanic and fought in Vietnam while my mom was a school teacher. I didn’t even know people compared themselves as adults to their own parents until this thread I have honestly never tried to compare how I am as a dad to how my dad was or who was more successful
I never did either. Happiness always trumped the accumulation of possessions in my circle.
Unfortunately that seems to be a lost concept among the young. Sad to see..
Posted on 5/25/26 at 3:28 pm to Raging Tiger
Got no problem with that. But think it's usually best to have some "skin in the game". Eventually, most kids inherit something down the road anyway.
My mother loaned us money for our first house. I set up an amortization schedule at a fair rate (better than what she was getting from a money market account, but less that the going rates for 2nd mortgages). Paid her off over time.
Loaned my son and new wife money for a downpayment. On this one, when he sells, we split the net profits and he keeps the rest for another downpayment.
My mother loaned us money for our first house. I set up an amortization schedule at a fair rate (better than what she was getting from a money market account, but less that the going rates for 2nd mortgages). Paid her off over time.
Loaned my son and new wife money for a downpayment. On this one, when he sells, we split the net profits and he keeps the rest for another downpayment.
Posted on 5/25/26 at 3:29 pm to BluegrassBelle
quote:my children's boomer grandparents are this way. I was shocked when they said comments about this. Needless to say children no longer have a relationship with their grandparents.
Unless you’re someone like my Boomer father who is resentful that I’ve done better for myself than he did for himself.
Posted on 5/25/26 at 3:35 pm to NotoriousFSU
quote:
As a male in his 30’s
quote:
I take it you have a problem with this boomer?
quote:
The Baby Boomer generation ruined home ownership
quote:
Someone must have forgotten to tell the boomers.
Posted on 5/25/26 at 3:38 pm to Raging Tiger
quote:
Jennifer’s dad, Mark Gross, had a spending limit of $700,000, and one condition: She had to stay within 2 miles of him. The house they closed on last month was $625,000, and an 8-minute bike ride away. The mortgage is in her father’s name, and Jennifer pays him $2,200 a month to cover a portion of the payments. He bought her sister, Jessica Locati, a house nearby a few months earlier, fulfilling their mother’s dying wish that the family live close to each other.”
This is a fantastic story, what’s the problem?
There was a time in this country when children inherited the house and several generations would occupy the same domicile
I don’t see what we are angry about here
Posted on 5/25/26 at 3:39 pm to Raging Tiger
I understand where you’re coming from.
My wife and I are early 30’s she comes from money, I do not. Her parents owned a decent size business and did very well.
They could have easily helped us with purchasing our first house, but they didn’t. And I’m glad they didn’t. We also paid for our own wedding. We paid for our own vehicles. I paid off my student loans. The only caveat is they paid for all her schooling, including law school. (huge caveat since that degree lead to her being able to purchase things on her own)
But as someone who doesn’t come from money, I never wanted their help. It’s the principle of earning what you have and being rewarded for hard work. I hate when people our age have things given to them. And I hate feeling indebted to people, even family.
My wife and I are early 30’s she comes from money, I do not. Her parents owned a decent size business and did very well.
They could have easily helped us with purchasing our first house, but they didn’t. And I’m glad they didn’t. We also paid for our own wedding. We paid for our own vehicles. I paid off my student loans. The only caveat is they paid for all her schooling, including law school. (huge caveat since that degree lead to her being able to purchase things on her own)
But as someone who doesn’t come from money, I never wanted their help. It’s the principle of earning what you have and being rewarded for hard work. I hate when people our age have things given to them. And I hate feeling indebted to people, even family.
Posted on 5/25/26 at 3:39 pm to madamsquirrel
quote:
my children's boomer grandparents are this way
My parents are older Boomers and they are awesome. Nothing like any of the stereotypes perpetuated online.
Posted on 5/25/26 at 3:39 pm to ChatGPT of LA
quote:So you deprived her of stepped up basis at your death? Did you do this for Medicaid purposes? What other advantage could it have? You might want to look into unraveling this potential mess.
bought a house for myself/investment property, but in my daughter's name....if I pass away, she'll already own it taxes free. It would go to her anyway
Posted on 5/25/26 at 3:43 pm to fallguy_1978
My grandparents bought forty acres and gave each child a portion to build. Kept the grandkids close. None of the boomer parents (my parents) gave any of it to their children. My husband and I's next purchase will be land in case any of the children want to build near us. I would absolutely be the babysitter if the grandkids are close.
Posted on 5/25/26 at 3:51 pm to Auburn80
quote:
Parents have helped with down payments for decades.
Yes. And dowries started around the 5th century. Parents helping children to ensure a better life when they can afford to do so nothing new.
Posted on 5/25/26 at 3:52 pm to fallguy_1978
quote:Same here, but if the boomers on this website have taught me anything, our parents are the exception, not the rule.
My parents are older Boomers and they are awesome. Nothing like any of the stereotypes perpetuated online.
Hell, my dad fully supported my position in the social security thread of completely giving up all claims to any of the money he paid in for nearly 60 years so that his children wouldn’t get saddled with the debt SS brings.
The entire cohort of boomers on here would fight to the death to keep their meager SS benefits at the expense of their children and grandchildren.
We got lucky that our parents are the exception and not the rule.
This post was edited on 5/25/26 at 3:53 pm
Posted on 5/25/26 at 3:59 pm to JohnnyKilroy
nvm, I'm dumb.
This post was edited on 5/25/26 at 4:01 pm
Posted on 5/25/26 at 4:33 pm to Raging Tiger
I was surprised when I first learned of this. Guess I never really considered it. Didn’t know that was how life went: grow up, go to school, get a job and be a big boy … but still on the payroll? Wish them well though. Everyone has different situations
My dad offered me a few bucks when buying a house. I turned it down. I told him he made his way in the world, now I need to make my own
My dad offered me a few bucks when buying a house. I turned it down. I told him he made his way in the world, now I need to make my own
This post was edited on 5/25/26 at 4:38 pm
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