Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Parents assisting children with first house

MoneyGuy · 01-03-2014, 02:47 PM

I'm researching the following:

If you're a parent with adult children who have bought a first house or if you're the adult child, how much did the parents give as a cash gift to assist (with no repayment required).

Also, was there a loan provided to be repaid? Again, if you're willing to disclose it, how much was lent?

I'm interested in financial assistance provided for a first house only.

Feel free to add any relevant commentary, such as parents' ability to assist financially. Obviously, some have lots of money and giving $20,000 isn't a big deal, but for others a $5,000 gift may be a big sacrifice. That kind of thing....

I thank everyone who is willing to contribute. PMs also gratefully accepted.

01-03-2014, 02:47 PM	#1
MoneyGuy Franchise Player Join Date: May 2006 Exp:	Parents assisting children with first house I'm researching the following: If you're a parent with adult children who have bought a first house or if you're the adult child, how much did the parents give as a cash gift to assist (with no repayment required). Also, was there a loan provided to be repaid? Again, if you're willing to disclose it, how much was lent? I'm interested in financial assistance provided for a first house only. Feel free to add any relevant commentary, such as parents' ability to assist financially. Obviously, some have lots of money and giving $20,000 isn't a big deal, but for others a $5,000 gift may be a big sacrifice. That kind of thing.... I thank everyone who is willing to contribute. PMs also gratefully accepted.