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Parents helping with down payment on mortgage is standard middle class t/f?

...
disrespectful point elastic band
  05/23/18
not true for boomers
Histrionic piazza
  05/23/18
my folks didn't help me at all in school; full scholly to ug...
disrespectful point elastic band
  05/23/18
T.
pea-brained rambunctious garrison hunting ground
  05/23/18
What if they give me whole down payment? Is that UMC or stan...
Provocative garnet mexican
  05/23/18
depends on location but likely umc
disrespectful point elastic band
  05/23/18
True
Deranged indian lodge
  05/23/18
What’s your def of middle class income?
Duck-like Concupiscible Doctorate
  05/23/18
standard middle class = parents spend your inheritance on cr...
big-titted medicated gaping
  05/23/18
F
mauve friendly grandma lay
  05/23/18
False. Middle class is 50k a year combined household income....
shivering locale
  05/23/18
My parents and in-laws surprised us with 20%. Theyre not MC...
pea-brained rambunctious garrison hunting ground
  05/23/18
Cr, baller weddings are for insecure women who have somethin...
shivering locale
  05/23/18
nah that's upper-middle
flesh round eye
  05/23/18
So at what level do you expect them (particularly brides par...
pea-brained rambunctious garrison hunting ground
  05/23/18
there's no 'level' it depends on whether the parents believe...
flesh round eye
  05/23/18
The bride’s family typically pays for most of the wedding. G...
Provocative garnet mexican
  05/23/18
false. my parents who are umc neither gave nor offered a...
Yellow hairless fortuitous meteor hell
  05/23/18
XO FIL
Narrow-minded Boyish Theater
  05/23/18
he is a good dude. i wish he was my dad and that my wife was...
Yellow hairless fortuitous meteor hell
  05/23/18
false
Floppy immigrant crackhouse
  05/23/18
https://amp.businessinsider.com/images/55242b9b6bb3f7b110fc8...
aphrodisiac resort
  05/23/18
My parents have millions and arent giving me a penny.
Chocolate racy national macaca
  05/23/18
(baby goldstein)
lavender university
  05/23/18
Jews don’t give their kids money for down payments ? Flame
Jade Magical Senate Sound Barrier
  05/23/18
Jew here and they absolutely give down payments, but you sho...
Provocative garnet mexican
  05/23/18
Completely and utterly false. You are UMC at a minimum if...
slate soul-stirring hairy legs crotch
  05/23/18
I dunno man. A trucker, mail room clerk, court interpreter ...
pea-brained rambunctious garrison hunting ground
  05/23/18
i didn't get shit. does that make me lower class
lavender university
  05/23/18
I guess it a class thing. Like they had prole values and no...
pea-brained rambunctious garrison hunting ground
  05/23/18
thinking about it a bit more, i can see a UMC parent thinkin...
pea-brained rambunctious garrison hunting ground
  05/23/18
Gift tax event when this happens?
sickened school idiot
  05/23/18
$28k or whatever it is now will be exempt for the year. ...
onyx at-the-ready parlour associate
  05/23/18
the lifetime exemption is something like 5 million dollars. ...
pea-brained rambunctious garrison hunting ground
  05/23/18
yup. So the answer is basically no gift tax. And that exem...
onyx at-the-ready parlour associate
  05/23/18
most millennials who buy houses in expensive areas are getti...
dashing selfie
  05/23/18
they would if they had the money (they don't)
Galvanic field windowlicker
  05/23/18
this is everyone in California currently in their 30's that ...
Flirting Brunch
  05/24/18
lol fuck that.
Confused unholy station
  05/24/18


Poast new message in this thread



Reply Favorite

Date: May 23rd, 2018 8:05 PM
Author: disrespectful point elastic band



(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114949)



Reply Favorite

Date: May 23rd, 2018 8:06 PM
Author: Histrionic piazza

not true for boomers

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114951)



Reply Favorite

Date: May 23rd, 2018 8:09 PM
Author: disrespectful point elastic band

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)



Reply Favorite

Date: May 23rd, 2018 8:09 PM
Author: pea-brained rambunctious garrison hunting ground

T.

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114971)



Reply Favorite

Date: May 23rd, 2018 8:20 PM
Author: Provocative garnet mexican

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)



Reply Favorite

Date: May 23rd, 2018 8:29 PM
Author: disrespectful point elastic band

depends on location but likely umc

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115048)



Reply Favorite

Date: May 23rd, 2018 8:37 PM
Author: Deranged indian lodge

True

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115090)



Reply Favorite

Date: May 23rd, 2018 8:38 PM
Author: Duck-like Concupiscible Doctorate

What’s your def of middle class income?

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115096)



Reply Favorite

Date: May 23rd, 2018 8:39 PM
Author: big-titted medicated gaping

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)



Reply Favorite

Date: May 23rd, 2018 8:48 PM
Author: mauve friendly grandma lay

F

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115146)



Reply Favorite

Date: May 23rd, 2018 8:52 PM
Author: shivering locale

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)



Reply Favorite

Date: May 23rd, 2018 9:10 PM
Author: pea-brained rambunctious garrison hunting ground

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)



Reply Favorite

Date: May 23rd, 2018 9:27 PM
Author: shivering locale

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)



Reply Favorite

Date: May 23rd, 2018 9:12 PM
Author: flesh round eye

nah that's upper-middle

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115281)



Reply Favorite

Date: May 23rd, 2018 9:13 PM
Author: pea-brained rambunctious garrison hunting ground

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)



Reply Favorite

Date: May 23rd, 2018 10:03 PM
Author: flesh round eye

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)



Reply Favorite

Date: May 23rd, 2018 10:20 PM
Author: Provocative garnet mexican

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)



Reply Favorite

Date: May 23rd, 2018 9:13 PM
Author: Yellow hairless fortuitous meteor hell

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.

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115288)



Reply Favorite

Date: May 23rd, 2018 10:12 PM
Author: Narrow-minded Boyish Theater

XO FIL

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115635)



Reply Favorite

Date: May 23rd, 2018 10:21 PM
Author: Yellow hairless fortuitous meteor hell

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)



Reply Favorite

Date: May 23rd, 2018 9:14 PM
Author: Floppy immigrant crackhouse

false

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115289)



Reply Favorite

Date: May 23rd, 2018 9:17 PM
Author: aphrodisiac resort

https://amp.businessinsider.com/images/55242b9b6bb3f7b110fc827d-750-847.jpg

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115307)



Reply Favorite

Date: May 23rd, 2018 9:19 PM
Author: Chocolate racy national macaca

My parents have millions and arent giving me a penny.

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115312)



Reply Favorite

Date: May 23rd, 2018 9:54 PM
Author: lavender university

(baby goldstein)

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115500)



Reply Favorite

Date: May 23rd, 2018 9:55 PM
Author: Jade Magical Senate Sound Barrier

Jews don’t give their kids money for down payments ? Flame

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115503)



Reply Favorite

Date: May 23rd, 2018 10:21 PM
Author: Provocative garnet mexican

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)



Reply Favorite

Date: May 23rd, 2018 9:57 PM
Author: slate soul-stirring hairy legs crotch

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.

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115520)



Reply Favorite

Date: May 23rd, 2018 10:03 PM
Author: pea-brained rambunctious garrison hunting ground

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)



Reply Favorite

Date: May 23rd, 2018 10:04 PM
Author: lavender university

i didn't get shit. does that make me lower class

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115579)



Reply Favorite

Date: May 23rd, 2018 10:11 PM
Author: pea-brained rambunctious garrison hunting ground

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)



Reply Favorite

Date: May 23rd, 2018 10:31 PM
Author: pea-brained rambunctious garrison hunting ground

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)



Reply Favorite

Date: May 23rd, 2018 10:09 PM
Author: sickened school idiot

Gift tax event when this happens?

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115612)



Reply Favorite

Date: May 23rd, 2018 10:17 PM
Author: onyx at-the-ready parlour associate

$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.

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115656)



Reply Favorite

Date: May 23rd, 2018 10:28 PM
Author: pea-brained rambunctious garrison hunting ground

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)



Reply Favorite

Date: May 23rd, 2018 10:35 PM
Author: onyx at-the-ready parlour associate

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)



Reply Favorite

Date: May 23rd, 2018 10:14 PM
Author: dashing selfie

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)



Reply Favorite

Date: May 23rd, 2018 10:37 PM
Author: Galvanic field windowlicker

they would if they had the money (they don't)

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115765)



Reply Favorite

Date: May 24th, 2018 1:10 AM
Author: Flirting Brunch

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)



Reply Favorite

Date: May 24th, 2018 1:12 AM
Author: Confused unholy station

lol fuck that.

(http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36116819)