View Full Version : Daughters get more help to buy first home


pattricia
16-03-2006, 22:15
Daddys girls are getting more help to buy their first homes than sons,according to report out.Parents provide almost twice as much financial assistance to daughters than sons.My two sons have their own property,but we never gave them a penny.Also my mom was a widow,so us girls got no financial assistance at all,and never expected it.The "Parental Pound" has become more important than ever because of soaring property prices.

killerbabe
16-03-2006, 22:53
ooooh, i guess thats good news for me! :hihi:

Bago
16-03-2006, 23:40
Hm..interesting.
I guess I'm lucky. My dad see all his kids as equal. (Not like his generation.) Though, I know my oldest bro had less help cos we weren't exactly rolling in it then. If I had kids, I'd try and do the same too. Equality for all of them. Support in education and getting a start in life, if I have the ability, I'd do that.

youwhatref
17-03-2006, 05:55
Interesting considering that blokes also tend to have to fork out for the wedding too for his daughter. I'll try to keep it equal and if one gets the other soes too. Although at this moment in time with my bank statement they'll get sod all :D

Cyclone
17-03-2006, 06:27
I think that tradition is quietly on the slide. (The wedding costs going to the brides family I mean).

banesmabes
17-03-2006, 10:02
Indeed - I haven't heard of anyone these days saying that the bride's family is paying for it all - not at an average cost of £17,000!

On the home buying front, I did get help from my parents who gave me a small deposit as I was finding it so hard to save whilst living in rented accommodation. My sister didn't have this help from them, but she bought straight from leaving home and when property prices were reasonable. However they have helped her a lot since having a family, which was their justification for giving me the deposit money.

I don't have any brothers so I couldn't comment on how they would be with them. However maybe it is because sons live at home longer and are more likely to go from this cheap living (and easy saving) circumstances to buying their own homes, whereas girls are more likely to strike out younger, go into rented accommodation and pay market rate for their living costs and so it's harder for them to save. It'd be interesting to see which costs parents more - subsidising their sons are home for longer, or giving a one-off payment to their daughters!

Cyclone
17-03-2006, 10:05
i'm not sure i'd agree with that assessment.
Obviously anecdotal, but both myself and my brother left home before my sister (or at least before she managed to do it for good).
Both of us have already bought a house, she's still renting.
And until recently she was constantly being bailed out by my parents because she has the money management skills of a goldfish.
She'll probably need help with a deposit, because she's unlikely to be able to save that much on her own (unlike myself and my brother).

nick2
17-03-2006, 10:07
I left home before all my sisters too.

grandadtee
17-03-2006, 18:40
I think that tradition is quietly on the slide. (The wedding costs going to the brides family I mean).
It obviously didn't slide past me. 3 daughters - 3 weddings (2 last year in July and November) - not a bean from the groom's side. Oh, tell a lie. My wife and I were given a box of Thorntons special chocolates as a thank you for organising one of the weddings. Most expensive chocolates I've ever received.

Bitter? No, my daughters had the weddings they wanted. Somethings are more important than money.

fierysatsuma
17-03-2006, 19:29
My daughter is 6-years old, I started saving for her first car, her wedding and a deposit for a house when she was born. I think I pay more into that account than I do my pension!

pattricia
17-03-2006, 20:44
My daughter is 6-years old, I started saving for her first car, her wedding and a deposit for a house when she was born. I think I pay more into that account than I do my pension!
Ah, bless you, what a good idea !

banesmabes
17-03-2006, 23:58
i'm not sure i'd agree with that assessment.
Obviously anecdotal, but both myself and my brother left home before my sister (or at least before she managed to do it for good).
Both of us have already bought a house, she's still renting.
And until recently she was constantly being bailed out by my parents because she has the money management skills of a goldfish.
She'll probably need help with a deposit, because she's unlikely to be able to save that much on her own (unlike myself and my brother).


The ONS released data on this subject last month. In the age group 20-24 57% of men still live with their parents compared to 38% of women. Between ages 25-29, nearly one in four men still live with their parents as opposed to only one in ten women.

Not many people in the younger age group can afford to buy a property, so it can be safely assumed that a healthy majority of those not living with parents are renting, and so are not in a great position to save.

Jake01
18-03-2006, 00:25
What makes me laugh is I bought my first house at 19yrs and starting at uni although working as well.... my Mum and Dad told me I was stupid and don't expect any help from them. :D My Brothers are 5 and 6yrs younger than me and when they came to that age My Parent's advised them to buy into property.... and they would help. :D

As it turned out.... I lost my long term investment after a divorce.... if only they could have advised me against that. :hihi:

kittykat
18-03-2006, 00:31
I wouldnt accept any help from my parents to buy my house! Id feel sad doing that and like i hadnt fully escaped the reins of being a child. Whatever happened to independence!?

Kei_Kei
18-03-2006, 10:59
If women continue to earn less than men someone has to take up the slack. I know a few men with their own houses who live alone and don't need to rent out a room etc to pay the mortgage. The women I know who have bought houses are having to rent out rooms or have decided to move in with a partner.

Don't think I'll ever be able to afford buying a house without a bit of help from my parents. House prices in Sheffield are rising faster than anywhere else in the UK outside of London.