Hello Rock Star,,,ty

Ummmm…. No! Should not have to help with an investment OR buying a house. I mean, unless they got a lot of money OR whatever, but I didn’t get help with nothing like that and my parents only helped me buy a $700 car for my first car. Haha. Maybe I’m salty. (yeah, definitely salty. They bought my older sister a brand new car.!) and i thought i was the favorite 🤣Edited 05-May-25 09:19am

yes

hi Hanno, have a nice day, tyvm...

1pt. Don't have children

After my Dad died, I gave most of my inheritance to my kids and grandkids. I figured they can use it now however they want or need to. Two have invested in TFSA's, one put it into her down-payment-for-a-house account, one is currently using it toward her next home and one is using it for university. I have no problem helping them out when I suddenly had the ability to do so.

No one helped me, life is hard.

I would help my grandchildren if I could. Our kids that we gave up s o much for told us you don't have any money what good are you .They don't come around.My husband had cancer and it came back to us they hoped he died. He came through it.I had open heart surgery and had a 50-50 chance of coming making it. I called for my daughter and she told her daughter she didn't care. My granddaughter told her if she doesn't make it you will regret how you treated your parents. So I would help my granddaughter and grandson..They help us and check on us.We are close to them..We are blessed here.

No. If the grown children want a house, they need to learn to budget and save for it. Too many youngens' are spoon fed these days and the they tend not to know the value of things nor what it means to 'work for it'.

I think it is a dangerous practice for parents to guarantee the house mortgage for children, especially the elderly parents. I also heard a few sad stories that parents lent life saving to children to buy the house but could not get the money back from children at the end.

It's not necessary or compulsory that parents should help their children but their first house. But it depends if they want to then it's ok.

Children have to decide what they want in life. Overseas travel, careers, then marriage and possibly IVF to have their baby and maybe buy a house somewhere in between, or work, buy a house, marry and have a child naturally and in later life have a career and travel overseas. It can be done both ways and strangely the second is easier than the first. Less ego involved and more gratification - easier to play with and enjoy your children and the successes in later life feel really great because you worked for them and all seem to be receptive to you at having achieved your success. Finally travelling to where you really want to go and thoroughly enjoying the people you meet along the way as all your aspirations have been reached and you can relax easily.

They should buy and stop spending money on things that don't count and work 60 hrs a week, I HAD TO, AND DRIVE an old CAR, AND NO holidays, AND WE DID NOT HAVE PHONES

No

My parents didn't help me and I didn't have to help my children. Buying a first home has never been easy. We scrimped and saved and bought a block of land which acts as your deposit, then my husband had 4 jobs in order to pay the mortgage. We didn't eat out, we didn't have take away, we had one car and no phone and I made our children's clothes. I'm tired of hearing the cry "it's too hard to buy our first home". Stop going out, eating out, eating take away, having an overseas holiday every year, and think about the $500 a month phone plan.

You are your own person and make your own decisions. I have no idea why these kind of questions keep popping up. What I would do doesn't matter in comparison to what you would do.

it is up to the parents if they wish to help

Nope. Learn to sacrifice the crp you want to buy but don't need like previous generations had to do. This is what strengthens your character. Don't expect handouts. Parents can assist in other ways!! All my kids have been able to work hard and buy a home of there own on their own steam!! Same things with their cars!!

Guesss it is the parents choice if they can afford it but too many kids these days expect their parents to help them my thoughts with regard to my own parents as there were four children was they had worked hard all their lives and they should enjoy what money they had

Absolutely not

That depends on whether parents has increased the difficulty for their children.

They shouldnt but to be fair I think that can be debated now that gen z has no money ever LOL

If the parents can afford it and it does not cause hardship and they want to. The worst thing is doing something you do not want to and then bringing it up every time you want something else and for them to do something you want. As for my self I do not want my parents to help I want to know I did it on my own and I do not owe anyone anything,

My mother had four children and when she died her will stipulated that her estate, which consisted mainly of the family home was divided equally. We had a family meeting and I was the only one who wanted the house. As I had sufficient funds I granted each of my other siblings their share of the value in cash and I and my husband lived in the house for several years, after we carried out necessary renovations.

My mother is gone now, but when she was alive , and after I got with my man she started calling and asking for money for thing for the car and other reasons with the promise to pay it back , but never did , and then after she was placed in a nursing home by her grandkids , I get a call and of course I said yes when asked if I wanted to see her , witch was on her finale day on earth ,,,, what a mistake that was on my part

Thank God I purchased my home and had somewhere to move to after my partner passed away and my bitch mother in law and bitch sister in law fought me to get the family home back into their hands as it was gifted to him many years ago.

You need to stop filling the country with migrants maybe they'll have a chance.

I can only speak for myself. I went through a divorce when I was in my late 20's. We were purchasing a mobile home, and my dad paid the balance owed on it since I got to keep it. Probably the most loving thing he ever did for me. He didn't know how to say, "I love you." He only knew how to buy gifts. That gift said it all... ;-D

Parents can help but not, I think, in a way which is accepted today. When we were young, there were 5 of us children, when we started work the, unwritten, rule was that, just like Dad, we would bring our pay packet, there were no computers, no mandatory paying of wages into bank accounts, home and hand it, unopened to Mum. She would have taken us to the bank where we opened Savings Accounts with Passbooks which Mum held. Mum would then give us 1/3, take 1/3 for Board and put the remaining 1/3 into our savings bank accounts. We all suspected that she and Dad added a little extra if they had any spare. She had a brilliant memory - except when it came to where she kept those Passbooks and what the balances were - she could never, ever remember! The response always was I will check next payday and let you know. She never, ever did. But Bless her memory lapses because those savings grew and we all managed to get together enough to put down big deposits on our first Very Modest Homes. None of the current nonsense where people want their McMansion, the 5 bedrooms. 6 bath or en suites, the 4 car, 4WD of course, garages. As time went by we all sold and bought more suitable houses for our growing families.

Yes, parents should help their children.

should be encouraged to put money aside when they first start earning wages.

teach them to save from a young age. if still needing a hand with the last bit maybe depending on the situation

Good luck.

Bought rural land last year, building a one bedroom home, my two sons' will have a two room cabin each. All off grid with solar, water tanks, livestock... living off the land. Deal is they pay the rates, internet and their own food if they don't want home grown. Downside for them is travelling to work and intermittent internet. Toughen up buttercups! You're both welcome!

it all depends on the parents finances.

If they are in a position to help out and can afford it why not?

We married, no money, lived in parents home, saved cash, rented, bought Housing Trust home, then began the story. It was good.

Not even an option for me. Had to do it myself.

No - parents should not help. They have their own needs to look after, especially in retirement. I rented for years before buying my own house. You have to be prepared to do the hard work for ownership

NO Most of the time parents lose their own home when these arrangements are made parents fall out with their adult children and the adult children's relationships break down too and every thing needs be sold and divided . Children should not expect to put their parents in this position .Work long hours ,7 days, multiply jobs a week to achieve your home owner ship dream your parents worked hard all their lives for the roof over theirs and your head and mostly on one wage .Put all lending through a solicitor if you are guilted into helping at the cost of the borrower to protect all parties.

I would never go guarantee for one as if things go belly up everyone loses. If the parents have money then they can lend them the money or help if they wish, that is up to them but most parents do not have this extra money. I am 75, on a pension and still have a mortgage as I am a single parent so not have the wherewithal to do so.

lol the not a good thing like riches

Not when you have 5 and the one who earns nearly the most won't save all other 4 have done it on their own

I have helped mine, but they still need to look after themselves as well. if they don't have goals to work for the same as we did, they don't appreciate what they get as much. They have good jobs, no children, so they can afford to do what they want.One is off overseas on holidays at the moment & the other one is set to go overseas for his second holiday this year.Edited 04-May-25 13:30pm

If you can help a little bit

Yes,if you can...

yes I would help if I was in a situation to help. Affordability of home ownership is getting harder and out of reach for many.

I have 4 kids. Two I helped with their first home purchase. Two are older adults but still live at home. They like where we live and our house, so I figure they will inherit my house when the time comes. I love my children and just want the best for them. And we still have an annual holiday together as well as meeting up at easter and christmas. But I also think that when my wife and I are older we will need help from them in some way, so I see it as a win win.

What houses? There are no houses, only apartments. Apartments are not homes.

It is hard for many people to buy a home these days and everything is very expensive. Help your kids when and if you can with no expectation of outcome.

yes, make sure you give them an education first, train them as they grow up to know the value & how to save, we have been fortunate to help our chilldren they will all get the same when we go to glory, we believe it is better to help then while we are still here rather than wait as we are living much longer these days.

Parents never cease being parents - or should continue to be, they should do whatever they can to help their children.Edited 04-May-25 11:40am

On average young people find it hard to buy a house. Where possible, parents should help their children, (if they deserve it) and should treat each child equally.

I don’t have children but it seems awfully difficult to get on the property ladder these days

Here is another way of doing it, rather than throwing money around buying houses/ deposit for house which come on how many average people can afford to do that anyway? Set up a bank account for your child when they are born and put some money in when you can, they then when adults can use the money that has accumulated over the 18 or so years towards a house deposit. That way you are still helping your child but in a more doable way. It's what I have done for my now 3 month old.Edited 04-May-25 11:31am

Not likely with all that is going on now with our New PM, who is ?????

It's all just a bit of a more property grab for the bank, making them think they own more because they might think they own the parents house as well if they have to back it up on the childs loan. Or if the parent has to take out a loan so they can help the child. But now that they think the debosit is dropping from 20% to 5%, maybe first home buyers will be able to make deposits again. then it won't be long before it needs to drop to an 0.5% depost. Money sucks big time. Or maybe the banks will let people buy houses in the future by backing their Neo robots up on the house! then it will be a so called 0% deposit. And then before long the banks will own all the AI robots. which will be even more bank control.

If you can great, if not then they have to understand.

If children are buying a house, then they are adults and must learn to stand on their own two feet

Not unless you are extemely wealthy

i helped mine but its made my retirement a lot harder

If they can and their kids are rationale, but generally they need to work for it to learn responsibility and accountability and prioritisation. Get off social media and concentrate on your own life instead of envying fake lives. If you want something work for it. No one in the real world is offering handouts without strings attached.Edited 04-May-25 09:53am

Most young ones these days can earn good money. They could spend it wisely! Set themselves up for life.

This is a personal decision. WHY IS THE AI asking so more and more personal questions???

I think if parents are able to, they should. If they have more than one child, maybe buy a place for them to share, and hopefully they can build up enough equity so that one child can buy the other out then they can buy a place. In Canada, buying a home is so difficult, between the high prices and all of the regulations they've put on mortgages these days, it's nearly impossible in cities like Vancouver and Toronto. As for buying investment properties, I personally am not a fan. I think housing should not be commodified like it is these days; it should be a basic human right. I don't think you're helping anyone at all by renting out an "investment property", you're moreso part of the problem. Having been a renter, I've had good and bad landlords, and the bad ones are pure evil in my opinion.

no a Morgan car would be better

What if there is three, and you can't help any? It is what it is. Definitely help when possible but not all parents are comfortable and some kids aren't even grateful.

I belive we should be able to stick to squatters rights

Andrew! If no body buys an investment property, how will anybody rent a property. This is not greedy, it is using your finances.

Yes. But don't fully fiance it as they need to know how to support themselves. A help up, not a hand out. They have to learn how to support themselves.

I help my kids with rent now, so if they ever buy a house suspect I'd be helping there as well.

Nobody should be allowed to buy an "investment property" nor a "flip property" - it should be illegal to own more than the one house you actually live in. Anything else is just pure greed at someone else's expense and simply causes increases for house prices. 😠Edited 04-May-25 12:11pm

If you can afford it and understand that you will be responsible for the mortgage if you guarantee it.

Only if the parents are financially able

I am 1 of 5 children so it wasn't an option for my parents to give us all a leg up onto the property ladder. Having said that, all 5 of us own our homes and some of us own several investment properties as well. We were all lucky enough to find husbands and wives with similar life goals as our own.

Yes but must be under 2 Mill. Worst house in best street.Edited 04-May-25 07:40am

When I started work in 1952, I got 1 shilling and 10 pence farthing an hour. I got married in 1957 and, in 1958, my parents lent me 500 pounds as a deposit on my first home. The total price was 2,600 pounds. I had to pay 3 pounds a week and any extra money went to paying my parents back as soon as possible. They were not rich and made the effort to let me get ahead. Of course, I appreciate this but not all parents can afford to do this especially, if they have large families,

HI,TY JANN R...

When they are all on the less wealthy side, then they should have the children work toward such a goal. Realities of life are more poignant when they face them without guards.

It depends on I bought a house for my daughter she was a single mum and was paying more in rent than the house payments my other 2 children were married and had bought there own homes she now lives in the house and is paying it off it will be in her name when its paid for and thats her inheritance so when I go she doesnt get the share in my houseEdited 04-May-25 07:06am

Yes if you can yes

I believe if you have it or can afford it by all means in give your child a little help. There's an old adage "you can't take it with you" so what better way to spend it than to help your child or children with that extra boost. God knows my husband and I worked hard and with all the right things that said we should have been able to afford a house, there were many roadblocks and prejudices in the way. So if I can help my child, I will.

Depends on what parents can afford, but to teach their children the value of money and how to manage it, yes, if it can be afforded by the parents to help, and at the same time to support learning and serious thought ! but money without help and thought, will do nothing useful and just foster entitled children without serious thought and consideration or themselves or others.

Not I don't believe that parents should help. They need to learn about life the way we had to and work for everything you need and want.

Don't complain about the cost of living if you can afford this

no

turn your assets into money and share it

It's up to the parents. They shouldn't HAVE to and they don't have to and it should stay that way.

My husband and I bought a condo years ago for $34,850 and 18 months later sold it for $60,000 and bought a 3-bedroom/2-bath home for $62,000. That house is now appraised at $989,000. Do NOT understand how young people can afford anything not a shack these days.

Hi guys nope,we all had to work for what we wanted,kids too day too lazy,unless the parents are wealthy big difference so go ahead.

It's a no brainer for me, if you have it then share it and watch them enjoy, not watch them suffer hardship.

No dependents Sarah.

Hi Sarah G 76834 (a well written 'Discussion of the Day'). I don't have a child (or any children). Therefore, my response to all three question you asked would be an 'unequivocal' - NO!

Entirely up to the parents isn't it. Though do kids expect it or manipulate their parents into doing it because all I see is a lot of the younger generations not willing to work for such a privilege as owning a house.

Depends on the child/children. Have they worked hard or just expect a hand out.

My parents made me work for everything I got! So should mine.

HELL NO

If they have the swag, yes, they should help out their kids until they and their families can afford to pay their own freight.

Help if they can

If you have the money Yes help your kid buy a house 🏡... If there's more than 1kid in the family Sorry no don't help them buy a house because it's not fair to the other kids. Unless the kids when they get older are all going to live in that house together that's the only way I would help one of my kids buy a house...