Too late to edit.
I gave my nephew a $6000 check to help pay for any appliances, minor R&R, paint, furniture, etc…. he will need for his starter home. Folks his age 25-26 really can’t afford to buy a home unless their parents help with purchase.
Really???
All 3 of my daughters owned their own homes, no help from anyone. Yes my oldest is now deceased, but she bought her house at 23, the other two girls were 22, and 24 when they purchased.
They are now 24, 28, and should be 30 this year if still alive.
Work hard, get a good job, don't blow every nickel you make at your jobs between age 15 and say 23, and you can buy a house easily. Then rent out the basement as a mortgage helper, and pay it off. It isn't really tricky or difficult.
Nobody helped me with anything, and I am glad they didn't. It meant that I had to learn how to do it for myself.
My kids knew not to come asking for money for stuff like cellphones, college, cars, etc. Because they were aware that my answer would be get a job...or two or three or four jobs if need be. My youngest is a dental hygienist, she worked and saved money for college. When she had enough saved to go, she went to college and still worked.
In April she bought a house, at age 24. Her renter in the basement pays 58% of her mortgage, and she makes good money as a dental hygienist, plus she is also still a part time pool life guard for the city.
She makes $65/hour as a hygienist, and $38/hour as a life guard.
Stop coddling kids, and tell them to spread their wings and soar instead.
My 28 year old moved back in with me, but to help me, not because she had to, and I'm glad she did.
Her house that she bought at age 22, is now rented, and makes her money every month. But she may choose to leave and go back anytime, and resume the life she had, before flipping her own life upside down to come back here, and help me.
She is the 1 of my 3 girls who was like me, and hated school, and dropped out. She worked hard from age 16 to 19, and then went into business for herself, and is doing really really well.
My middle child is also the smartest of the 3, which most people probably wouldn't expect, considering that she was the high school drop out, and the other 2 went to college.