2 ms·
I'm one of those 1 out of 4... because I am successful enough to not need it.[1] My father did offer to help with the house but he wanted to charge an interest
by throwaway2016a 10y ago
I'm one of those 1 out of 4... because I am successful enough to not need it.[1]
My father did offer to help with the house but he wanted to charge an interest rate that would have made it cheaper for me to take private mortgage insurance so that is what I did. After all, I benefitted from the record low interest rates.
But my brother, who is not a millennial did get help with his house and his small business from my father when he was my age. And I think I am the only one of my friend's who has a house that didn't get some assistance from their parents (or my wife's parents).
But I'm an exception not a rule. I don't think any less of the 3/4.
[1] By successful enough I mean I make a reasonable (but not great) salary and work hard. So does my wife who is at least as successful as me in her engineering career. Unfortunately I have yet to have an app or company of mine sell for millions yet :)