He Agreed To Help His Kids With The Down Payments On Their Houses, Except Instead Of Loaning Them Money, He Wants Equity In Their Purchases

While his son thought that was a reasonable plan, his daughter was upset that he wouldn’t just give her the money or an interest-free loan. She told him he was being ridiculous.

“My son took up on my offer and bought himself a moderate home,” he explained.

“Between a first-time home buyers program, my investment, and his and his partner’s savings, we managed to buy a house for them with almost a 50% down payment.”

Meanwhile, his daughter is still angry with him. So now, instead of getting the home she wants, she will settle for a condo within her personal budget. She also accused him of taking advantage of his son.

Was he wrong not to offer his kids an interest-free loan? 

You can read the original post on Reddit here.

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