The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (27864)	3/7/2005 12:11:01 PM
From: Rutgers	Read Replies (4) of 306849

These folks went into these situations almost right out of college with no thought of returning to any parent's home.If she purchased the Condo right after college/grad school, did her parents help/loan her funds? And, if they did not help her with a down payment, did they pay for both her undergrad and grad tuition? If they d/n and she has done everything on her own forever, the condo must be pretty cheap b/c it's hard to believe that many kids right out of school could afford to buy their own place w/o financial assistance. This sounds like it might be akin to the proverbial rich get richer thing. For example, even with your kids, which I applaud, paying for some or all of their schooling and purchasing their first auto. is a huge adv for them v. their peers. Other youngsters w/o support from their parents are stuck making that $2000/mnth college-grad school loan repayments and $500/mnth car payment, which, taken together, could have been applied toward a monthly mortgage payment...now, d/n misunderstand, it still takes someone with real financial discipline to purchase RE at such a young age, but it sure helps to have parents with $$$$$$

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