Quote:
Originally Posted by FTE217
answering on from ira - its a leg up kind of thing, my ol man helped me/wife contributing that last bit needed for our 1st deposit and we paid it back.
I have no worries giving my kids that first leg up as mentioned but its under conditions.
You pay back an agreed amount, its yours to manage and keep on the road from there on.
IF your in financial difficulties let us know, we may help get you out of trouble bit like a boomerang we want a return.
I'm happy with the above.
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Fair enough to get a leg up via a repayable loan, but that 'loan' seems to be more of a long term non-repayable loan, AKA an expected 'gift' today than what it was way back when.
Yep, my parents bought my first car, 500 old Pounds, which I repaid, in full, within 12 months, plus paying them for board and keep until I left home at 19, (not to go to uni.)
These sort of arrangements don't seem to be acceptable now.
I could go on about how hard it was last century, but tell young people that now, and they wouldn't believe you.