Parents can financially suffocate their kids by helping them buy houses
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Today’s big test of parental devotion is the gift of money for a house down payment.
Talk to financial planners and advisers these days and you’re almost certain to hear about their experiences with parents who want to help their adult children buy a home. The parents worry that, without this assistance, rising prices will keep their kids from ever owning, and so they’re getting expert help to see how affordable it would be to carve off a slice of their savings to help out.