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Parents helping with down payment on mortgage is standard middle class t/f?
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Date: May 23rd, 2018 8:05 PM Author: Azure out-of-control office (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114949) |
Date: May 23rd, 2018 8:06 PM Author: Diverse box office roast beef not true for boomers (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114951) |
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Date: May 23rd, 2018 8:09 PM Author: Azure out-of-control office my folks didn't help me at all in school; full scholly to ug; 1/2 scholly to LS + loans (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114969) |
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Date: May 23rd, 2018 8:09 PM Author: sapphire excitant community account rehab T. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114971) |
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Date: May 23rd, 2018 8:20 PM Author: seedy toilet seat digit ratio What if they give me whole down payment? Is that UMC or standard MC? (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115020) |
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Date: May 23rd, 2018 8:29 PM Author: Azure out-of-control office depends on location but likely umc (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115048) |
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Date: May 23rd, 2018 8:37 PM Author: Frozen abode True (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115090) |
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Date: May 23rd, 2018 8:38 PM Author: slap-happy center nibblets What’s your def of middle class income? (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115096) |
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Date: May 23rd, 2018 8:39 PM Author: Gold Son Of Senegal Party Of The First Part standard middle class = parents spend your inheritance on cruises and HSN gadgets and nigerian scams (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115100) |
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Date: May 23rd, 2018 8:48 PM Author: saffron bonkers church building coldplay fan F (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115146) |
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Date: May 23rd, 2018 8:52 PM Author: Comical multi-billionaire False. Middle class is 50k a year combined household income. If upper middle class, THEN it’s true. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115161) |
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Date: May 23rd, 2018 9:10 PM Author: sapphire excitant community account rehab My parents and in-laws surprised us with 20%. Theyre not MC i would guess. I feel like you either get a baller wedding or down payment. We waited on down payment. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115269) |
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Date: May 23rd, 2018 9:27 PM Author: Comical multi-billionaire Cr, baller weddings are for insecure women who have something to prove to their “friends” (i.e. people they secretly look down on and don’t actually like that much) (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115353) |
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Date: May 23rd, 2018 9:12 PM Author: milky talented jewess nah that's upper-middle (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115281) |
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Date: May 23rd, 2018 9:13 PM Author: sapphire excitant community account rehab So at what level do you expect them (particularly brides parents) to pay for the wedding? I always thought it was a 1 or the other kinda thing. Has that changed? (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115284) |
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Date: May 23rd, 2018 10:03 PM Author: milky talented jewess there's no 'level' it depends on whether the parents believe in tradition (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115574) |
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Date: May 23rd, 2018 10:20 PM Author: seedy toilet seat digit ratio The bride’s family typically pays for most of the wedding. Groom’s family just lays for groom’s necessities and honeymoon. Extenuating circumstances notwithstanding. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115667) |
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Date: May 23rd, 2018 9:13 PM Author: pearly bawdyhouse false.
my parents who are umc neither gave nor offered anything. my bus driver father in law who makes about $30k/year and barely speaks english loaned us $7k. |
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Date: May 23rd, 2018 10:12 PM Author: aquamarine mind-boggling alpha XO FIL (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115635) |
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Date: May 23rd, 2018 10:21 PM Author: pearly bawdyhouse he is a good dude. i wish he was my dad and that my wife was my sister. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115671) |
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Date: May 23rd, 2018 9:14 PM Author: Anal Smoky Feces false (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115289) |
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Date: May 23rd, 2018 9:17 PM Author: 180 bipolar stag film https://amp.businessinsider.com/images/55242b9b6bb3f7b110fc827d-750-847.jpg (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115307) |
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Date: May 23rd, 2018 9:19 PM Author: Stirring Know-it-all Organic Girlfriend My parents have millions and arent giving me a penny. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115312) |
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Date: May 23rd, 2018 9:54 PM Author: tripping plaza (baby goldstein) (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115500) |
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Date: May 23rd, 2018 9:55 PM Author: henna ape site Jews don’t give their kids money for down payments ? Flame (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115503) |
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Date: May 23rd, 2018 10:21 PM Author: seedy toilet seat digit ratio Jew here and they absolutely give down payments, but you should do the right thing and pay them back. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115678) |
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Date: May 23rd, 2018 9:57 PM Author: Galvanic dilemma Completely and utterly false.
You are UMC at a minimum if your parents are "helping" you with a downpayment, aka giving you tons of free money. I certainly haven't gotten anything. |
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Date: May 23rd, 2018 10:03 PM Author: sapphire excitant community account rehab I dunno man. A trucker, mail room clerk, court interpreter and supermarket check out lady--all retired--cut us a 60k check for a down payment. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115570) |
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Date: May 23rd, 2018 10:04 PM Author: tripping plaza i didn't get shit. does that make me lower class (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115579) |
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Date: May 23rd, 2018 10:11 PM Author: sapphire excitant community account rehab I guess it a class thing. Like they had prole values and not matter the money they saved...whereas umc people born that way and maintain it have certain values like a bootstrap mentality with kids. Which is fine generally but not really reflecting what boomers did to the landscape. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115624) |
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Date: May 23rd, 2018 10:31 PM Author: sapphire excitant community account rehab thinking about it a bit more, i can see a UMC parent thinking "i gave tim everything he needed to be successful, at least successful enough to save a down payment on a house" and them actually being 100% right and justified in feeling that way whereas a working class parent may think "eh, he didn't have it too easy growing up. now i have a little i can give it." i know that's how my dad viewed it and i'm sure my FIL thinks the same way. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115719) |
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Date: May 23rd, 2018 10:09 PM Author: unholy den lettuce Gift tax event when this happens? (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115612) |
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Date: May 23rd, 2018 10:17 PM Author: cowardly spot generalized bond $28k or whatever it is now will be exempt for the year.
The rest could go under lifetime exemption from gift/inheritance tax.
Also, gift tax is paid by the giver. |
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Date: May 23rd, 2018 10:28 PM Author: sapphire excitant community account rehab the lifetime exemption is something like 5 million dollars. most of the stingy bastards here will never have to worry about it. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115712) |
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Date: May 23rd, 2018 10:35 PM Author: cowardly spot generalized bond yup. So the answer is basically no gift tax. And that exemption is per parent. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115749) |
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Date: May 23rd, 2018 10:14 PM Author: light station yarmulke most millennials who buy houses in expensive areas are getting help from mom and dad. Most were renting with help from mom and dad too. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115638) |
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Date: May 23rd, 2018 10:37 PM Author: Fishy kitchen half-breed they would if they had the money (they don't) (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115765) |
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Date: May 24th, 2018 1:10 AM Author: provocative chad this is everyone in California currently in their 30's that is a homeowner (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36116811) |
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Date: May 24th, 2018 1:12 AM Author: Narrow-minded gaped cruise ship lol fuck that. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36116819) |