Posted Jan 29, 2024, 7:41 PM
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Unapologetic Occidental
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Join Date: Aug 2006
Location: Province 2, Canadian Empire
Posts: 69,179
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Quote:
Originally Posted by lio45
As I said earlier, the more kids you have the less well this works. Maybe we could go back to a somewhat feudal system in which one lucky kid (firstborn typically) inherits the property while the other kids get nothing…
You don’t need to move out to give downpayment help to your kids, you can simply refinance your mostly-paid-off SFH. Again though, the more kids one has, the less real-estate-equity-per-capita for the next generation. With more than two-three kids it’s likely not even viable.
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All true.
Also, some of us may have other sources of cash not property-related that we can use to help our kids out.
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