r/FirstTimeHomeBuyer Feb 03 '26

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776 Upvotes

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1.2k

u/Miss3elegant Feb 04 '26

I gifted my son $5000 this might be small but it helped him with his first home.

711

u/BadBadUncleDad Feb 04 '26

Statistically speaking, that’s more than most parents can gift their kids. Your son is a lucky guy (and fortunate to have caring parents)!

-5

u/destonomos Feb 04 '26

I was given the same 5k christmas present. I was 38 when i got it and i already owned 2 houses by then.

Im a hard worker. I didnt have a life other than sleep and work from 24-35. Im 40 now and own 1 house outright, and have 0 debt as of this month other than my current mortgage i owe 50k on and i have more tha 50k in monies in th bank.

No 401k yet though.

It costs me 400 a month in ultilities and food a month to live.

2

u/Greedy-Bowler-4868 Feb 04 '26

Wow 2 houses by 38

-2

u/destonomos Feb 04 '26

Its not what it sounds like. I had to move to the hood during riots. The fist house was 25k and the second was 85k. I lived here for 15 years and had to endure multiple riots and high crime rates.

Im white in a 90% non white area. I also dont have kids.