Re:How Many Years of Life Does That House Cost?
by bryondowd on Saturday September 09, 2017 @10:35AM
(#15207252)
I 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.
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.