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A comment on Billions in 'unknown' funds flowing into Canada's housing market [video]. Parent comment

Re:Billions in 'unknown' funds flowing into Canada's housing... by mistrial9 on Friday July 30, 2021 @09:19AM (#28007632)
huh? both Mom and Dad - you lost a great number of people right there.. pulling their supers? over-65 wealth is that common? and this one, really interesting.. "gifting" .. what is that ? I see tooth-and-nail fights over any piece of money in sight among otherwise ordinary relatives.. Mostly Los Angeles SoCal but everywhere in California really.. "gifting" ?!?
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Re:Billions in 'unknown' funds flowing into Canada's housing... by panzagl on Friday July 30, 2021 @10:47AM (#28008550)
Really? Because in places like Colorado and Montana the Californians who sold their parents' house to move there and start their 'lifestyle business' is so old it's beyond a cliché. Maybe substitute 'inherit' for 'gifted'?
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Re:Billions in 'unknown' funds flowing into Canada's housing... by Kye on Friday July 30, 2021 @11:22AM (#28008970)
Just because something happens often enough to become cliché doesn't mean it's common, representative, or sufficient to move markets. And I've never heard of this, so it might be a noisy but localized thing.
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Re:Billions in 'unknown' funds flowing into Canada's housing... by anonAndOn on Friday July 30, 2021 @12:37PM (#28009737)
Well, according to the loan docs it's a "gift" but to everyone else it's an interest free loan from mom & dad until they sell the place. It's quite common in California, and everywhere else I've lived in the US.
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