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JennZ
MY LIFE!!
Member since 8/05 25463 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
HELL NO!!
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Posted 9/9/08 4:33 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
lucyloo
nope
Member since 1/06 9758 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Hard to imagine my parents being in the kind of situation where they could just buy my house... but if they one the lotto I would let them in a heartbeat.
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| Posted 9/9/08 4:36 PM |
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MikesCutie
May 26, 2007
Member since 12/07 1478 total posts
Name:
Marianne
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
We were in this situation. We paid for our own wedding. When it came time to see about where to live, our parents gave us our wedding gifts early to buy a house. We gladly accepted and bought a house. Neither side had any strings attached. It was very generous of our parents to want to do this for us.
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| Posted 9/9/08 4:38 PM |
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LIPrincess
Foxy Lady
Member since 6/05 1610 total posts
Name:
Jaimie
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
it would really depend (for me) if it came with strings attached.
My great grandmother did it for my mom and us with the condition that when she was old and didnt want to live alone she could go there, and it worked out great.
But, my friend did this and always has it thrown in her face.
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| Posted 9/9/08 4:40 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
My husbands grandparents bought my SIL a house and My BIL a house.
When we bought our house they had none left. They gave us a little bit (not even 1/4 what the other ones got) and my In Laws did match the amount the grandparents gave us. We used this as a down payment. I am so thankful to them.
Im a little annoyed that people are saying "I work hard for my house" well guess what we work our assses off to live in our house. Just cause we got some help with the downpayment doesn't mean we don't have to work and can sit home and eat bon bons all day.
The house is in our name. My In laws don't tell me how to live or how to decorate my house or how to do anything. It's my house!
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| Posted 9/9/08 4:41 PM |
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mamallama
<3 <3 <3
Member since 9/07 5035 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by Beth1210
I would take it from my Dad- it would have no strings attached
my in-laws have offered us money for a dp- I have never seen it - and don't plan on getting it ever
but if my Dad offered (he has offered to add me to one of his accounts so I look like I have a ton of cash in the bank) I would gladly take his money
I feel the same way
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| Posted 9/9/08 4:43 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
my grandfather bought my childhood home, a brownstone in Park Slope Brooklyn, for $6000.00 in 1947.
he sold it last October. He got more than $6k for it.
when he heard dh and I were looking for a house, he gave us money, as a gift, towards our house. it wasn't a down payment but it was about half of what we are putting down and such.
the only string attached was that we actually BUY a house with it, and not squander it away like everyone else in my family does.
but then again, he knows me and knew that was a given, or else he wouldn't have bothered in the first place.
I have other family members that I would NOT accept these things from b/c there are ALWAYS strings attached. I learned my lesson there and wouldn't do it again....no matter how awesome the "gift" would be initially.
I paid for college myself, I paid for the wedding (with dh of course) myself, and I have paid my way through life since I was 15 years old, sometimes HELPING my own parents along the way.
my grandfathers gift does not in any way take away from me the knowlege that I can do ANYTHING on my own. I just appreciate the help.
Message edited 9/9/2008 4:54:58 PM.
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| Posted 9/9/08 4:52 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
"my grandfathers gift does not in any way take away from me the knowlege that I can do ANYTHING on my own. I just appreciate the help."
EXACTLY how I feel
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| Posted 9/9/08 4:56 PM |
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Bellabear
1000 posts...FINALLY
Member since 11/06 1161 total posts
Name:
Michelle
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
I would take it and be really really happy
Message edited 9/9/2008 5:06:46 PM.
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| Posted 9/9/08 5:06 PM |
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LemonHead
Sour Girl
Member since 3/08 5271 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
I'd take it- I'm a homeowner and it was expensive!! So if someone wants to help me out, they can be my guest!
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| Posted 9/9/08 5:08 PM |
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JRG71
*****************
Member since 5/05 5025 total posts
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
My IL's sold us their house for 1/2 of it's worth in todays market. We paid maybe a 1/3 of what it was worth a few years ago.
There are no strings attached.
DH's parents gave us 2 options. To sell this house (and split the money with my DH's sister) or buy this house and DH's parents will give her an enormous down payment when she is ready to buy something.
We still have a mortgage, and we have crazy taxes so I don't feel like we haven't worked for it.
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| Posted 9/9/08 5:21 PM |
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drewsgirl
My loves
Member since 5/05 3221 total posts
Name:
Amanda
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
yes - actually my parents offered to give us some $ for a house..its a decent amount but unfortunately on long island its not going to make a huge difference in what price range we are looking, but i am more then grateful for them offering bc it will help. Now just to finally find something - im tired of looking for a house.
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| Posted 9/9/08 5:23 PM |
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banda61007
LIF Infant
Member since 7/07 296 total posts
Name:
Bonnie
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
It would be hard for me because I am very independent, but having just gone through this process (paying for it 100% on our own) and the unbeleivable frustration of trying to figure out the financing, i think I would.
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| Posted 9/9/08 5:27 PM |
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dm24angel
Happiness
Member since 5/05 34581 total posts
Name:
Donna
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
If they had that kind of money sitting around and wanted to, Of course we would. Not sure why anyone wouldnt. A gift doesnt have anything to do with "Earning" something?
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| Posted 9/9/08 5:37 PM |
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QuoteTheRaven424
22 Months?!!!!
Member since 5/05 13659 total posts
Name:
And If That Isn't A True Blue Miracle
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
i never look a gift horse in the mouth 
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| Posted 9/9/08 5:42 PM |
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Candy Girl
Candy girl- you are so sweet!
Member since 11/07 6349 total posts
Name:
erin
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Being that my Mom was NEVER able to give me much financially (I paid for my own college, wedding, worked since I was a teen etc.) if she suddenly offered a down payment on a house I would definitely take it. I know it would mean a lot to her to be able to do that for me.
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| Posted 9/9/08 6:16 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
My MIL sold her late husband's house and gave us 1/3. It was more than enough for a down payment and I don't feel bad. I feel bad that my husband never knew his father.
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| Posted 9/9/08 6:35 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
no way - unless they won the lotto and it was truly a GIFT
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| Posted 9/9/08 6:35 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by SweetestOfPeas
no way - unless they won the lotto and it was truly a GIFT
Why do you have to win the lotto for it to be "truly a gift"?
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| Posted 9/9/08 6:38 PM |
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justbeachy
So close....
Member since 7/07 2900 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by Bxgell2
In a heartbeat. In fact, we already did. My MIL gave us our downpayment for our first house, and helped us purchase our investment house.
Her theory is that she would prefer to give us money now to see us comfortable and happy while she's still alive, and we're still young, rather than as an inheritance.
No strings attached, so it wasn't an issue. And I hope to do the same for my children one day as well.
Same here. We are graciously taking it. They set up accounts for their children for this very reason. They wanted their son (and future wife) to have less of a financial burden starting out. I admire that kind of planning, and hope I can one day do the same for my children.
I will be forever grateful to them. Thinking about it now makes me want to cry. They are just such kind, generous people.
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| Posted 9/9/08 6:42 PM |
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
My mother offered to help us get a house. By help I mean offer to purchase the house, but we make all the payments and pay the taxes. Our credit is shot and my mother wanted to help us. We have a modest home that we picked based based on a comfortable mortgage. In 13.5yrs our house will be paid off and title transfered to us. If something happens to her then the title is switched to us. I will NEVER forget what she did for us...No strings were attached and I will forever be grateful
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| Posted 9/9/08 6:46 PM |
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GioiaMia
Let's Go Rangers!
Member since 1/07 14818 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by Ophelia
my grandfathers gift does not in any way take away from me the knowlege that I can do ANYTHING on my own. I just appreciate the help.
thanks so much for posting this!! people judge me every day bc my parents are letting me and DH live upstairs in an apartment so we can save up for a house. . .why shouldnt we take the help?! they think we are immature and taking advantage and i had a woman laugh and tell me today that "you and your husband have nothing to fight about, move out and call me when you get REAL problems"  if we didnt have this help, we would be JUST fine but it would take a little longer to get a house thats all.
Anyway, I would take it from my parents bc I know for a fact it would be with NO strings attached. I could take it and move wherever and whenever I wanted!! I paid for my own wedding, my own college and my own car and I have always worked and helped them out when I could
If it were my IL's I am not as sure. My FIL is a PERFECTIONIST and I would be worried that he would be overly concerned with the maintenance and upkeep on the house. . .so that would be up to DH!
ETA: I just asked DH and he said he would take it without question and just always make sure our lawn was mowed and our windows were clean
Message edited 9/9/2008 8:14:15 PM.
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| Posted 9/9/08 6:58 PM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
depends. if it was my mom that offered the money, no i wouldn't take it. she is a PIA with anything to do with my life and would want to put her 2 cents in all the time.
if it was DH's parents, I think we would only consider helping us with a down payment, not actaully buying the house for us. His prents completly know how to keep their opinions to themselves and I think they would be fine in this situation. But DH is to proud to allow them to pay for a house for us, unless that is they won the lotto or something and it was more of a found money type of situation.
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| Posted 9/9/08 6:59 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by hazeleyes33
Posted by SweetestOfPeas
no way - unless they won the lotto and it was truly a GIFT
Why do you have to win the lotto for it to be "truly a gift"?
well, b/c neither my MIL or my parents have the extra cash to buy us a house
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| Posted 9/9/08 7:00 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by SweetestOfPeas
Posted by hazeleyes33
Posted by SweetestOfPeas
no way - unless they won the lotto and it was truly a GIFT
Why do you have to win the lotto for it to be "truly a gift"?
well, b/c neither my MIL or my parents have the extra cash to buy us a house
Totally understood then. :)
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| Posted 9/9/08 7:06 PM |
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