Quote:
Originally Posted by Traum
My understanding of what Tapioca is saying is -- if you can afford to help you your kid with either laying a huge down payment down for him, or buy him a house, is that something you would do?
Many people from different cultures (in Vancouver) are doing exactly that. My parents did the same by helping me cover ~1/2 of the down payment for the condo that I'm living in right now, and I am both grateful for their help, and not ashamed to acknowledge that I received this help.
When it is my turn to support my kid(s), I will definitely do everything I can to help them with a down payment too. But for me at least, buying them a house outright -- even if I could afford it -- is a big no no. That would be too easy for them, and I want them to understand first hand the responsibility to fend for themselves.
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If I had the money I suppose I would help where I could as far as housing but I doubt I'll have that much excess cash available. I won't go into debt to help my kid buy a house but I would go into debt to pay for his education, I don't know that might sound messed up but that's how I feel about it. The education thing will be a mute point anyway as my son fully expects to be playing for a NCAA school on a full ride scholarship just ask him. Who am I to tell him any different? Dream big kid.
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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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