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re: Parents Buying Kids Homes
Posted on 5/25/26 at 11:11 pm to Mo Debumly
Posted on 5/25/26 at 11:11 pm to Mo Debumly
quote:
Our parents made us buy our own cars when we were teenagers. Much less buy us a house.
Exactly. I worked my arse off for my 1st car, my 1st house and, my 3rd house and my 1st timberland.
If you "help" by coddling children and paying the downpayment... you deprive them of the experience of getting it done on their own. It may make YOU feel good as a parent, but it psychologically affects them for life.
This post was edited on 5/25/26 at 11:14 pm
1
Posted on 5/25/26 at 11:51 pm to dat yat
Wow, down voting the independent spirit of buying your own cars and houses...America is doomed if the next generation thinks this way.
Thank gawd my own children did it without financial assistance (they did it in their 20s). Those who need mommy and daddy to help are weak little pussies. I pray for your souls and pray for the future of our country.
Thank gawd my own children did it without financial assistance (they did it in their 20s). Those who need mommy and daddy to help are weak little pussies. I pray for your souls and pray for the future of our country.
Posted on 5/25/26 at 11:57 pm to dat yat
Whoever down voted "frick you", YOU are what is wrong with our country. Downvote away dependant little pussies.
Posted on 5/26/26 at 12:11 am to TorchtheFlyingTiger
I have 3 houses.
That one is owner financed and money comes from accounts bearing her name. There's other things in play.
That one is owner financed and money comes from accounts bearing her name. There's other things in play.
This post was edited on 5/26/26 at 12:15 am
Posted on 5/26/26 at 12:18 am to Raging Tiger
If I can buy my daughter a house, I’m buying my daughter a house and before she gets married. Her house, period.
Posted on 5/26/26 at 1:12 am to Raging Tiger
quote:
-26% used family or friends gifts to help purchase a house
Well excuse me for having to hide cash.
I handed my buddy 64k in cash, he wrote me a check. Mortgage lender stopped asking questions after a certain point in the build process.
At one point I had three different Amex Platinum Business cards rotating expenses so they wouldn't affect my credit or bank accounts. All hit the minimum purchase amounts as well for points bonuses. Paid for all mirrors, trash cans, Tvs, speakers, and smart devices rather than out of pocket.
Posted on 5/26/26 at 1:24 am to Raging Tiger
Agree. I don't mind helping my kids but there are limits. If they were 5 or 10k short for a down payment to keep from paying PMI I have no problem, but over that then the kid cannot afford the purchase. They need to live within their means.
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