Would your family help you pay for a house?

[wolfcat87]

It's become more common in the past 3 years for families to help Gen Z pay for houses.

Would your family help you? If so, with how much? Would the money be a loan or a gift from them?

Yes

No

Unsure

[Andres77]

I received no inheritance from my parents. Niether did my ex. I’m older. Never plan on getting married again. My ex and I both agreed that we’d leave our houses to our two kids. But in the meantime they have to work for what they need (as they move out) and earn their inheritance. If they show us that they will be wasteful then I’ll do a reverse mortgage and spend my own money. If they prove to be frugal then I’ll leave mine to the frugal one.

no absolute freebees

[rebeliouse]

ye give them a good education then they can get a job and buy there own dont teach them to be lazy

[BoopBoopBeep]

I'm sure she would. I make more than her and help pay for her house, but if the tables were reversed I'm sure she'd have no issue helping me.

[exitseven]

Yes, fortunately none of my kids needed help buying a house. My daughter worked 3 jobs while she went to college. By the time she graduated she has saved enough to buy a condo

[Fireguy17]

They may have, but sine I was an adult I did the adult thing and figured out a way to make it happen on my own.

[Anonymous]

Mine helped me once in getting an apartment out of my sister's home with her nervous breakdown second husband after his mom died. Nothing more though.

[TrueConfection]

Nope, my family would not help. I would help my kids with whatever I could afford.

[LiamJHayden]

My family left me two houses, one from each side. That is what can happen when one is the only child of two only children.

[hahahmm]

I have no sympathy for the young generation when it comes to this. Nobody was holding my hand & giving me anything major since I left home. What I give is advice/encouragement. Not cash.

[Redstang88]

You do realize housing costs vs income is like 3-5x what it was 30 years ago? Not arguing but it’s a wildly different market than it was when you were starting out

[hahahmm]

@Redstang88 What I realize is that every generation has had rising costs. I had more costs than my parents. Yet, the house I bought 5 years ago is light years ahead of what my parents had. I never set my goals low in life. I never thought, "I want to be mediocre and have what most of the whiners, complainers and fast food workers have." I'd actually have way more if I wasn't a creative dreamer type. But still, I did better than most.

[Nikki1989]

I have seen my parents only once in the last 22 years, so that is very unlikely.

[mandyfire98]

No, my family definitely loves me but they love me enough to let me live my own life and achieve things on my own. They'd absolutely step in during an emergency though.

[Anonymous]

no. also what gen z'er is even buying a house in this mess? ?

[NathanDavis]

I would not ask them to...

if I can't buy one myself then I would not try to get one...

[goaded]

Kind if. I used money I inherited when they died to buy this house. I never expected any financial help from them when they were alive, but prices weren't as crazy as they are today.

[blackgaletiger]

Im sure they would if they could because the market is extremely insane at the moment.

[dolemite58]

When my dad was still alive he’d only help my sisters with money like that, the boys were completely on our own from a young age.

[wolfcat87]

That sucks

[Redstang88]

Nope. Dad died years ago and left nothing, and my mom has no money either

[IslaTheWitch]

If I would need it, then yes.

[LaFemmeFatale_1]

If they could, they would.

[Astarlessnightsky]

They propably would, but can't.

[jahaims]

I helped friends and family once I got money

[Anonymous]

Buying a house is a bad move right now, they're way overpriced and you'll never be able to get your money back out when the market crashes.

[wolfcat87]

A crash is unlikely. And, whether or not buying now is a good move depends on the situation.