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Warning:
You are editing an old version: By Anonymous at 2015-02-20 10:43:04
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I agree with you NJresident the parental money is scnhkiog. I have also seen people get homes from parents. But I think, with the exception of the very wealthy, that may end once the middle-upper class parents realize they their homes are not worth as much as they thought and that they can't afford to give away the retirement money to the kids. I know my parents feel bad for my husband and I and others our age, saddled with student loan debt and facing increasing prices. However, I doubt I'll be seeing any 6-figure handouts. And really, why should I? My parents sent me to college and I emerged debt free, they have helped me out along the way and in law school they deserve a nice retirement. Unfortunately, a lot of kids nowadays feel entitled and care very little (in fact, they probably think very little) for what their parents lives will be like in 20 years. It's kind of disgusting.Hang in there though my husband and I are also closing in on that kind of savings, make well into the six figures and still can't afford but in a year (or more if you choose) we will be able to. Or you can keep that dream rent of yours wish mine was that low!
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