The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Parents helping with down payment on mortgage is standard middle class t/f?
Poast new message in this thread
Date: May 23rd, 2018 8:05 PM Author: 180 henna crackhouse depressive (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114949) |
Date: May 23rd, 2018 8:06 PM Author: alcoholic arousing market not true for boomers (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114951) |
 |
Date: May 23rd, 2018 8:09 PM Author: 180 henna crackhouse depressive 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) |
|
Date: May 23rd, 2018 8:09 PM Author: Scarlet Famous Landscape Painting T. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36114971) |
|
Date: May 23rd, 2018 8:20 PM Author: Bistre house brethren 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) |
|
Date: May 23rd, 2018 8:29 PM Author: 180 henna crackhouse depressive depends on location but likely umc (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115048) |
|
Date: May 23rd, 2018 8:37 PM Author: Snowy spectacular kitty cat alpha True (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115090) |
|
Date: May 23rd, 2018 8:38 PM Author: charismatic liquid oxygen What’s your def of middle class income? (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115096) |
|
Date: May 23rd, 2018 8:39 PM Author: razzmatazz dark bbw 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) |
|
Date: May 23rd, 2018 8:48 PM Author: Mind-boggling domesticated center F (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115146) |
|
Date: May 23rd, 2018 8:52 PM Author: harsh iridescent pistol 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) |
|
Date: May 23rd, 2018 9:10 PM Author: Scarlet Famous Landscape Painting 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) |
|
Date: May 23rd, 2018 9:27 PM Author: harsh iridescent pistol 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) |
|
Date: May 23rd, 2018 9:12 PM Author: vivacious nighttime kitty nah that's upper-middle (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115281) |
|
Date: May 23rd, 2018 9:13 PM Author: Scarlet Famous Landscape Painting 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) |
|
Date: May 23rd, 2018 10:03 PM Author: vivacious nighttime kitty 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) |
|
Date: May 23rd, 2018 10:20 PM Author: Bistre house brethren 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) |
|
Date: May 23rd, 2018 9:13 PM Author: startled histrionic therapy nibblets 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. |
|
Date: May 23rd, 2018 10:12 PM Author: Idiotic address turdskin XO FIL (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115635) |
|
Date: May 23rd, 2018 10:21 PM Author: startled histrionic therapy nibblets 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) |
|
Date: May 23rd, 2018 9:14 PM Author: grizzly high-end boltzmann false (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115289) |
|
Date: May 23rd, 2018 9:17 PM Author: aromatic sepia university https://amp.businessinsider.com/images/55242b9b6bb3f7b110fc827d-750-847.jpg (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115307) |
|
Date: May 23rd, 2018 9:19 PM Author: clear philosopher-king meetinghouse My parents have millions and arent giving me a penny. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115312) |
|
Date: May 23rd, 2018 9:54 PM Author: Indigo bawdyhouse national security agency (baby goldstein) (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115500) |
|
Date: May 23rd, 2018 9:55 PM Author: embarrassed to the bone becky hunting ground Jews don’t give their kids money for down payments ? Flame (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115503) |
|
Date: May 23rd, 2018 10:21 PM Author: Bistre house brethren 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) |
|
Date: May 23rd, 2018 9:57 PM Author: Wonderful public bath 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. |
|
Date: May 23rd, 2018 10:03 PM Author: Scarlet Famous Landscape Painting 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) |
|
Date: May 23rd, 2018 10:04 PM Author: Indigo bawdyhouse national security agency i didn't get shit. does that make me lower class (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115579) |
|
Date: May 23rd, 2018 10:11 PM Author: Scarlet Famous Landscape Painting 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) |
|
Date: May 23rd, 2018 10:31 PM Author: Scarlet Famous Landscape Painting 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) |
|
Date: May 23rd, 2018 10:09 PM Author: Cerebral offensive gay wizard range Gift tax event when this happens? (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115612) |
|
Date: May 23rd, 2018 10:17 PM Author: Dead theater stage volcanic crater $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. |
|
Date: May 23rd, 2018 10:28 PM Author: Scarlet Famous Landscape Painting 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) |
|
Date: May 23rd, 2018 10:35 PM Author: Dead theater stage volcanic crater 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) |
|
Date: May 23rd, 2018 10:14 PM Author: orange unholy dopamine chad 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) |
|
Date: May 23rd, 2018 10:37 PM Author: disturbing fuchsia generalized bond they would if they had the money (they don't) (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36115765) |
|
Date: May 24th, 2018 1:10 AM Author: light forum coffee pot 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) |
|
Date: May 24th, 2018 1:12 AM Author: adulterous glittery organic girlfriend institution lol fuck that. (http://www.autoadmit.com/thread.php?thread_id=3984912&forum_id=2#36116819) |