Quote:
Originally Posted by MonkeyRonin
I'd argue that helping out your kids with a down payment is setting them up for success. In higher cost places, there's really no other way to buy property if you're young and starting out; and being able to start out by owning property makes it easier to build wealth; which in turn makes it easier to then help out your future kids with buying their first home, and so on.
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It’s probably also in the parents best interest as their children are basically investments and their ticket to a place to stay once they’re no longer independent. A way of avoiding the nursing home. Multigenerational households are very common here.