Quote:
Originally Posted by Richie
My daughter got married last June, her and her husband moved in with us to save for a house in an area where people are overbidding the very few houses that ever hit the market. They just found one and moved in last week. The point is, its almost impossible to try to save 80k for a 20% down payment if you are renting. I know several parents that newly married couples are living with, seems to be the new way
|
With the cost of houses these days, it's prudent. On of my other sons also did the same thing a few years back. Doing so for 18 to 24 months is a big financial swing for him, which will put him over the top for his down payment goal.
