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ready2ttc
LIF Toddler
Member since 8/08 383 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 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 
Same for me. I would feel too guilty that they would be sacrificing something that they would enjoy themselves. And we don't need it. It would make our lives easier, but I pride myself on being able to afford it without any help.
If they were millionaires or won the lotto, then sure.
When we have kids, I would much rather help them pay for college than for a house, and that's what my parents did. and that education has helped put me in a position to be able to make enough to pay for a house. I just think it's funny when people put aside house funds for their kids but not money for college.
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Posted 9/9/08 7:24 PM  |
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Goldi0218
My miracles!
Member since 12/05 23902 total posts
Name:
Leslie
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
As a new parent, I would do anything for my child/future children. If I had the means to buy them a home, you can be darn sure I would.
So to answer the question, YES I would accept a gift of a home or a down payment from my parents if they were alive to give it to me or my in-laws if they were inclined to do so.
I'll be the first to admit, I grew up well, never wanting for much. I was extremely fortunate. At the same time, I was also raised knowing the value of a dollar and hard work. My father worked until he was 70 years old as a self-made man.
As our parents' children, we are just beginning the steps to sell their home after the recent loss of my mother. What each of the 4 of us stand to inherit after that sale, will give DH and I a sizable down payment for our own home, so essentially, my parents will have helped us significantly when it is our time for our own place. It would have given them the greatest joy to see us raise our children and (in honor of my father) have equity. However, I would rather be a renter for life and have them here to see my daughter grow up.
But if you really want to know my bottom line, I don't think it is anyone's damn business how you get your and who pays for it as long as all transactions are legal.
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| Posted 9/9/08 7:27 PM |
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saraH
happy birthday sweet kate!
Member since 5/05 16555 total posts
Name:
I know that God exsists, I held her in my arms...
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
I feel like if it came from my parents it wouldn't be an issues.
But if it came from my IL's, we'd never hear the end of it.
They live for everyone to know what they have done and my parents do things b/c they want to.
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| Posted 9/9/08 7:30 PM |
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leese
Sarge!
Member since 5/05 1965 total posts
Name:
Leese
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Without a doubt, yes.
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| Posted 9/9/08 7:37 PM |
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Deedlebugs
Blessed
Member since 12/05 10281 total posts
Name:
Kiki
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by Shelly
I would. But I know it wouldn't come with any strings attached. My family is very close and we just want to help each other out.
Same here...However, I would take it from my parents but NOT my IL's
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| Posted 9/9/08 7:41 PM |
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
I would. I know they would love to give us the $ if they could because they know there is no way we would ever be able to afford it ourselves.
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| Posted 9/9/08 8:03 PM |
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MrsM-6-7-08
<3
Member since 8/06 4249 total posts
Name:
Nicole
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
I would accept it.
My DH's grandfather invested money years ago for all 3 of his grandchildren.
The money grew and grew and he always added more to it.
PS..that money turned into 450k per grandchild and was meant for each grandchild to use it toward a house one day wether as a downpayment or towards building a house.
My DH works so hard, he comes from a family of entrepreneurs and has his own business as well. He never relied on this money, but his grandfather wanted him to use it while he was still alive so he can see it be put to good use. He is a good man, and he doesnt spoil his grandchildren he just wants them to be happy.
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| Posted 9/9/08 8:14 PM |
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stephaniea
LIF Adult
Member since 1/07 1280 total posts
Name:
Stephanie
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Yup.
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| Posted 9/9/08 8:24 PM |
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neenie
Member since 5/05 22351 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...
we had this offer (from family, not my parents/ILs)... and turned it down. The main reason was b/c of who it was from, and the other was due to my stubborness and independance
Also, i don't need a house. I've never lived in one (san the summer in the hamptons- but that was with 19 other people, so it doesnt really count) and I don't need to feel indebted to someone else just for the sake of owning one. DH and I do very well- id rather wait a little while longer and do it ourselves. I've never had anything handed to me and i've been fine- this is no different. 
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| Posted 9/9/08 8:38 PM |
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BaroqueMama
Chase is one!
Member since 5/05 27530 total posts
Name:
me
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by Shelly
I would. But I know it wouldn't come with any strings attached. My family is very close and we just want to help each other out.
ditto. I would never ever, ever, ever, ever accept even $5 from JT's family, though.
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| Posted 9/9/08 8:47 PM |
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MrsPornStar
Partners in crime
Member since 10/05 14656 total posts
Name:
Mama
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Nope, I wouldn't take it from either family. DH and I bought our house without help from anyone. I wouldn't want anyone to be able to hold this over my head.
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| Posted 9/9/08 9:15 PM |
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
I would as long as there were no strings attached. A friend's parents gave each of their children 100K for a house when they turned 30. I thought it was great and would love to be in that financial situation when my kids are that age. I would rather see my child enjoy their inheritance while Im alive.
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| Posted 9/9/08 9:20 PM |
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Jax430
Hi!
Member since 5/05 18919 total posts
Name:
Jackie
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
My parents gave us a sum of money toward our down payment that covered closing costs plus a bit more. We accepted it, knowing that there were no strings attached and that they did it out of love and support. They did the same for my sister and brother in law when they bought their home.
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| Posted 9/9/08 9:34 PM |
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Sash
Peace
Member since 6/08 10312 total posts
Name:
fka LIW Smara
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Heck yeah, but in my family there is no such things as savings for college, extra money for house or inheritance. My college, wedding and condo was all on me.
However, I am setting up my life so my kids grow up in a different type of enivornment where I wll be thinking about their future. Thats why i have life insurance and when they are born will be putting aside for college fund.
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| Posted 9/10/08 1:21 AM |
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IrishLasss334
I'll be there soon!
Member since 1/08 6549 total posts
Name:
Patty
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
I would never take any money from my MIL, EVER. I would live in a refrigerator box before I would take 10 cents from her. It's like giving blood and I'll never let her say she gave me anything, b/c she'd hold it over my head for the rest of my life. Yes, sore subject.
My Dad on the other hand - when we bought our house, we "borrowed" $8000 from my Dad for closing costs..we had a full 20% down payment, we were going to finance teh closing costs, but he offered to lend us the money. We have tried to pay back this money over the years and he wouldn't let us.
My Mom is not an issue, she doesn't really have the money to give.
Message edited 9/10/2008 8:27:05 AM.
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| Posted 9/10/08 8:26 AM |
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kahlua716
3 Girls for Me!
Member since 8/07 12475 total posts
Name:
Keri
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by Goldi0218
As a new parent, I would do anything for my child/future children. If I had the means to buy them a home, you can be darn sure I would.
So to answer the question, YES I would accept a gift of a home or a down payment from my parents if they were alive to give it to me or my in-laws if they were inclined to do so.
I'll be the first to admit, I grew up well, never wanting for much. I was extremely fortunate. At the same time, I was also raised knowing the value of a dollar and hard work. My father worked until he was 70 years old as a self-made man.
As our parents' children, we are just beginning the steps to sell their home after the recent loss of my mother. What each of the 4 of us stand to inherit after that sale, will give DH and I a sizable down payment for our own home, so essentially, my parents will have helped us significantly when it is our time for our own place. It would have given them the greatest joy to see us raise our children and (in honor of my father) have equity. However, I would rather be a renter for life and have them here to see my daughter grow up.
But if you really want to know my bottom line, I don't think it is anyone's damn business how you get your and who pays for it as long as all transactions are legal.
Well said!
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| Posted 9/10/08 8:44 AM |
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MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
No, I don't think I would. I love my dad tremendously but he is the type that likes to remind you of his generosity. DH and I will be doing this the old fashioned way.....
If my parents won the lotto, then heck yea, but out of their savings, nope.
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| Posted 9/10/08 9:19 AM |
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SpiceGirl
Dream big
Member since 1/06 2486 total posts
Name:
j
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
My ILs have a LOT of $$$....they've been very generous with us in the past and if they feel the need to share their wealth with us...I'm more than willing to accept 
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| Posted 9/10/08 9:25 AM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
We borrowed money from my parents but paid it back.
We have friends who could ONLY afford a house IF their parents/in laws gave them money.
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| Posted 9/10/08 9:49 AM |
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watersdeb04
Back to school is here
Member since 12/07 1052 total posts
Name:
Deb
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
We did but if I had to do it over again probably not.
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| Posted 9/10/08 3:45 PM |
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SpiceGirl
Dream big
Member since 1/06 2486 total posts
Name:
j
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
Posted by Bxgell2
In a heartbeat. In fact, we already did. My MIL gave us our downpayment for our first house, and helped us purchase our investment house.
Her theory is that she would prefer to give us money now to see us comfortable and happy while she's still alive, and we're still young, rather than as an inheritance.
No strings attached, so it wasn't an issue. And I hope to do the same for my children one day as well.
I wish my ILs felt the same way. As a matter of fact, my FIL goes out of his way to say we'll have to wait until they die to get their $$$. Very strange!
I hope I'm in the financial position to help my children out one day. I'd much rather give them money when they need it most and when I'm alive.
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| Posted 9/10/08 4:16 PM |
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legallyblonde
LIF Adolescent
Member since 8/08 850 total posts
Name:
K
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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 "helped" DH with the down payment on what is now "our" house (we legally changed the deed/title to add me to it). What a nightmare. So no. Unless I inherited it from a dead person who won't come and haunt me. LOL
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| Posted 9/10/08 4:17 PM |
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VirginiaDeb
Don't eat me, hippo!
Member since 5/05 9252 total posts
Name:
Deb
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
I would never borrow money from my mother and step-father. My dad, mil, and fil I would, but not my mother. My mom likes to hold it over me.
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| Posted 9/10/08 4:31 PM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
i've had issues with money and my soon-to-be-ex-in-laws... so i wont' go there
but...
if MY parents were to be that generous, I'D TAKE IT IN A HEARTBEAT!!! even with my crazy mother, i know how them well enough to know that it would be with no strings attached
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| Posted 9/10/08 5:29 PM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: if your parents or in laws offered to buy you a house/give you down payment money...
my in-laws are offering my husband money for a DP on a house when he is done w/ his master's and gets a full-time/perm position. they are offering this to him with or w/o me -- meaning, if i had never met vin and he was single on his own and doing whatever -- they would give him money for a DP. that has always been something they have told him since he was younger. so, when i came into the picture nothing changed. since it is not my parents offering this and this would happen regardless -- meaning, say i met vin two years from now and he already had his house that they helped him to get then what's done would already be done.
my parents are not in a situation financially to help me in any way. so, it really isn't my decision - it is vinny's and he, happily, will take all the help he can get haha. his dad made it clear that he worked hard his whole life not only to provide for his mother and make a nice life for them -- but so that his kids don't have to struggle like he did. it is his thing and not for me to say one way or another.
will i be different with my kids? i dunno - i'll have to see when i get there.
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| Posted 9/10/08 5:57 PM |
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