Would you buy your child a house if you could?

[NoCat]

What the title says I guess.

Our eldest is starting is starting uni after the summer and dh and have been talking (not with him yet) about buying his first house for him after he finishes uni.

Things to consider in our situation are - we have enough to do the same for his siblings and we live in Scotland so we haven't paid tuition feed for uni for him and house prices are (I believe) in general cheaper than in England.

Yes, absolutely. It would be wonderful to be able to give them the security of a home that is all their own. They can then make life decisions without having to worry about how they will pay their mortgage. I'd do it in a heartbeat.

I think it would depend on my children. If they are sensible, hard-working, ambitious, then yes. If it means it will take away their drive and ambition, then no. I know people from moneyed backgrounds in both camps, some who work hard and are motivated despite having family money. And others who are lazy layabouts as they know they'll never have to worry about money.

My sis in laws parents bought her a house to live in while away at uni, she rented out 2 bedrooms and it almost paid for itself. Then they sold it when she graduated and used the profit for a deposit on another place nearer home.

He's sensible and very driven (and his younger siblings seem to be following in his footsteps, touch wood) so I'm not concerned about it making him lazy.

The main reason I want to do it is so they don't get stuck renting forever

I would if I could!

Yes I would, i wish i could do this for my DC.

In a heart beat!

We've managed to give our DCs a sizeable deposit. Would certainly buy a whole house if we could.

Absolutely.

No, not at that age. It would undermine their own achievements & might be demotivating. I would be more likely to match their savings or double/triple them after they’d worked for a while.

I think i'd find a way of 'protecting' the house, so they can't sell it and go off travelling round the world, or make a disastrous marriage and lose half of it, but yes, in theory i would.

Yes, especially if likely to incur inheritance tax later.

I'd offer up deposit and help to furnish rather than out and out purchase. They need to make their own way in the world. Their first home is unlikely to be the only home they'd own, esp with partners. If they own their first home outright it might put them off moving to buy bigger etc.

If I could afford to then yes.

We plan on house sharing with my dm in the next year or two
Both having two bedrooms but she just wants a kitchenette/utility/kitchen area in the lounge type scenario. But seperate.
Long term plan is for dh and I to swap with dd when dm is gone (15/20 yrs) so she will have her own home

Yes, I would love to be able to help our children out

Yes

Yes, we did.
Son and daughter in law bought their first house together. After 2 years we were in a position to buy them a house outright, so we did.

Yes.
We'll definitely be helping with a deposit then we'll pay the odd chunk off here and there plus other bits and bobs.

Yes definitely.. what an amazing thing to be able to do for them

No. I would worry it would dent their ambition and their abilities to look after themselves properly. If I had the money I would invest it for them all so they had a deposit and some cash when they were in a position to buy for themselves.

If I could afford it , at an age when they are ready ( ie can afford the bills , and would be thinking of buying a house regardless ) then yes , in a heartbeat .

Well, as Long as it doesn't mean I can't get my retirement villa in Spain

God yes! I would love to be in the position where I could do this for my kids in the future.

Yes, but like other parents keep it in your name. It reduces gold diggers and if the relationship fails the house isn’t in his/her name (marital asset to be split).