And if you helped out, too yes.
Do most parents help out their children to buy a home for the future, or is this just in certain cultures?
2007-02-02 12:55:29 · 11 answers · asked by DREENA 2 in Family & Relationships ➔ Family
And if they didn't help you, why not?
2007-02-02 12:55:43 · update #1
Only if they want to and are rich. Its not the responsibility for them to buy their kids or grand kids a house. Its not like buying them a pair of shoes or giving them an allowance. And some parents finances want let them. There not trying to be mean. They just cant, even if they want to.
2007-02-03 01:46:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No ... my siblings and I were on our own .. and we had to make the decision to become homeowners, and then make sure our budgets could afford what we were purchasing for our homes.
The biggest reason: My Siblings and I ended up burying our parents as very young adults (we all were on Active Duty with the Military), so there was nothing there and they were already deceased.
Now .. as an Empty-Nesting Single Retiree ... I am glad I put a priority to being a HOMEOWNER ... because in my Retirement years ... now that the Children are all adults, out of the home ... and MY HOME is MY OWN (Mortgage is paid) ... I am enjoying renovating MY HOME to age in place .. and yes, it is MY HOME ...
2007-02-02 13:11:32 · answer #2 · answered by sglmom 7 · 1⤊ 0⤋
No, most people in the U.S. do not get help from their parents in buying a house. That's not very common in this culture.
Our parents helped us with advice and moving and other things, but not as much with the financial part of it. They did help pay for our wedding though.
I know some people whose parents gave money towards a house if the kids payed for their own wedding or eloped or if they had gotten a college scholarship.
2007-02-02 13:00:30 · answer #3 · answered by Christine M 2 · 0⤊ 0⤋
purchase, my little brother develop into once in an condominium for 3 years, wasted 36,000 bucks. My friends mom lived interior the equivalent condominium by way of very truth i develop into once about 10, she can be a pro house proprietor through technique of now if she placed that in to an part of dwelling. us of a is so snarled. we are all on credit status. Even households that make nicely funds, may probable no longer keep up and easily purchase an part of dwelling interior their technique. My husband and that i made superb funds nicely proper out of school. we may have stayed together together with his mom and saved up over 100k and purchased an part of dwelling flat out. somewhat we chosen to get a a strategies better position of dwelling in the route of the coastline that we'd probable no longer be finished determining to purchase till eventually we are about 50. Why is this the yankee mind-set?
2016-11-24 20:10:10 · answer #4 · answered by ? 4 · 0⤊ 0⤋
no actually we helped one daughter buy three which they dont have anymore and a son that we helped by a second one and no fault of his on doesn't have anymore and we have five children and have given them five pieces of land and our home when we die to divide between themselves so yes people still do this that can and we did.. don't know if it meant anything but well hope it did..
2007-02-02 13:00:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Actually, yes. The first time my grandfather (who adopted me when I was a child) put up the down payment then after my divorce he outright bought a house for my son and I to live in.
2007-02-02 12:58:58 · answer #6 · answered by Jess M 2 · 1⤊ 0⤋
No, they were doing good to buy their own home. We can't buy our children homes either.
2007-02-02 14:06:46 · answer #7 · answered by Arwen73 3 · 0⤊ 0⤋
Look up "dysfunctional". there are my parents. I never got a damn thing from anybody but ME!
2007-02-02 12:59:02 · answer #8 · answered by Anonymous · 1⤊ 0⤋
yes my mom got me a home because she love me
2007-02-02 13:44:38 · answer #9 · answered by jjclev3 1 · 0⤊ 0⤋
No they didn't help us, because it is not their responsibility.
2007-02-02 13:05:10 · answer #10 · answered by Poppet 7 · 0⤊ 0⤋