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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: stirring cuckoldry scourge upon the earth (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114949) |
Date: May 23rd, 2018 8:06 PM Author: Walnut rambunctious lodge preventive strike 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: stirring cuckoldry scourge upon the earth 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: white friendly grandma 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: hilarious meetinghouse codepig 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: stirring cuckoldry scourge upon the earth 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: titillating vermilion senate 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: nighttime foreskin crackhouse 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: Laughsome Nursing Home Community Account 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: clear library famous landscape painting 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: cocky immigrant 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: white friendly grandma 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: cocky immigrant 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: iridescent alcoholic site mood 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: white friendly grandma 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: iridescent alcoholic site mood 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: hilarious meetinghouse codepig 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: domesticated hateful hospital depressive 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: awkward sienna stead 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: domesticated hateful hospital depressive 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: turquoise space gaming laptop 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: Medicated out-of-control office karate 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: Chartreuse Party Of The First Part 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: thirsty goal in life reading party (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: Umber theater roast beef 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: hilarious meetinghouse codepig 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: drab vigorous legal warrant property 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: white friendly grandma 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: thirsty goal in life reading party 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: white friendly grandma 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: white friendly grandma 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: Lilac Effete Tank 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: coral station queen of the night $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: white friendly grandma 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: coral station queen of the night 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: Wonderful Indian Lodge Organic Girlfriend 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: Marvelous Lettuce 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: charcoal windowlicker business firm 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: bronze bull headed theater stage newt lol fuck that. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36116819) |