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Some of us don't have parents who have more money than we do.
by CoryG89 9y ago
Some of us don't have parents who have more money than we do.
- c22 9y agoNeither do all of my friends. All that's required is having parents that want to help you get a house. For instance my girlfriend makes twice the money her parents ever did. She still couldn't have afforded the full down payment on her house without a 4% loan from her mother as they were entering retirement. This arrangement ends up being beneficial to all parties.
- bryondowd 9y agoI wonder how common even that much help is. That would be completely unthinkable to anyone in my circle. I personally send about $400 per month on average to help my mother make ends meet. I'm certainly not going to be getting a several thousand dollar loan from anyone in my family. For reference, this is in southern New Jersey and I'm on the older end of the millennials.