tiny data point

[socrattt]

[quote=scaredycat]probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?[/quote]

Even more so now that we are in bubble number 2. I can understand walking away and renting, but using mom and pops credit to buy again sounds like an adult form enabling. As the saying goes, “He who dies with the most toys, wins.”

[CBad]

Why would parents give their adult children $ in this scenario? A better question is what kind of adult would ask for it? I guess the kind who enjoys stealing toys.

[CBad]

Why would parents give their adult children $ in this scenario? A better question is what kind of adult would ask for it? I guess the kind who enjoys stealing toys.

[CBad]

Why would parents give their adult children $ in this scenario? A better question is what kind of adult would ask for it? I guess the kind who enjoys stealing toys.

[CBad]

Why would parents give their adult children $ in this scenario? A better question is what kind of adult would ask for it? I guess the kind who enjoys stealing toys.

[CBad]

Why would parents give their adult children $ in this scenario? A better question is what kind of adult would ask for it? I guess the kind who enjoys stealing toys.

[scaredyclassic]

i think it’s pretty easy to justify to one’s self and not some leechy. hey, bad break, housing market crashed. parents help with down payemnt, get you back on your feet, good invetsment, house the grandkids. not like just writing a check…or is it/

[scaredyclassic]

i think it’s pretty easy to justify to one’s self and not some leechy. hey, bad break, housing market crashed. parents help with down payemnt, get you back on your feet, good invetsment, house the grandkids. not like just writing a check…or is it/

[scaredyclassic]

i think it’s pretty easy to justify to one’s self and not some leechy. hey, bad break, housing market crashed. parents help with down payemnt, get you back on your feet, good invetsment, house the grandkids. not like just writing a check…or is it/

[scaredyclassic]

i think it’s pretty easy to justify to one’s self and not some leechy. hey, bad break, housing market crashed. parents help with down payemnt, get you back on your feet, good invetsment, house the grandkids. not like just writing a check…or is it/

[scaredyclassic]

i think it’s pretty easy to justify to one’s self and not some leechy. hey, bad break, housing market crashed. parents help with down payemnt, get you back on your feet, good invetsment, house the grandkids. not like just writing a check…or is it/

[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[Author]

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