3 ms·
Many parents give their children money, but I think its most often just a gift. Other than that, I have never heard of anyone lending more than $100 or so to a
by jalgos_eminator 7y ago
Many parents give their children money, but I think its most often just a gift. Other than that, I have never heard of anyone lending more than $100 or so to another person that isn't in their immediate family.
- ntlk 7y agoIn my friend group it was perfectly normal to borrow / lend small sums of money. That is until a point in my life where my friends now have savings.
- scarejunba 7y agoExpat Asian families do this a lot because the relationship is buttressed by a secondary relationship in the old country. It's not uncommon to see Indian tech workers lend each other six figures here in the Bay Area. A friend just got his downpayment from his friends.
- novok 7y agoIn the USA? Often they don't count those gifts for mortgage downpayments unless you are blood related.
- scarejunba 7y agoIn the Bay Area and it does work. Don't know if that's changes recently. I observed three years ago.
- yardie 7y agoI’ve always been fascinated by how new Indian immigrants with limited resources can pull enough scratch to start a small business or franchise. Mostly without help from immediate family or rich friends.