Quote:
Originally Posted by Tapioca
Home equity financing is pretty common here. So is money from overseas. So are gifted down payments from parents. I don't know... I know the North American way is to let children fend for themselves, but most other cultures will do whatever it takes to ensure their children enjoy success in life. This is the reality in Vancouver - kids taking their parents to open houses, etc.
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My kid can rent until my wife and I die then he can have our house which is way more then either of our parents will leave us.
I obviously want my kid to succeed but I can't buy him a house or even give him a huge down payment that's just not in the cards. I'll help him with his post secondary as much as I can, if possible I'll pay for all of it.
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The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa
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