Rent vs. Buy: Can Down Payment Help from Family Tip the Scales?

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 18 November 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich Girl Lauren lives in an expensive city, and her parents are offering her some money—but she only gets the money as a down payment for a home and she’ll have to pay it back eventually. Is it worth it? And separately, how are home buyers affected by the recent NAR agreement? We are not licensed professionals; please do your own due diligence. Rich Girl Roundup is Money with Katie's weekly segment where Katie and her Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. 💰 JOIN THE 2025 MONEY WITH KATIE WAITLIST FOR 25% OFF AT LAUNCH Transcript, show resources, production credits, and more can be found at: https://moneywithkatie.com/down-payment-help. Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You know what that is.
0:04.0	An ice cold beer.
0:07.0	What's different?
0:09.0	It's Budweiser.
0:11.0	Food longer for a refreshing, smooth taste.
0:15.0	Like no other.
0:20.0	Cheers to that. Budweiser, like no other Cheers to that
0:22.6	Budweiser
0:23.6	Like no other
0:25.6	Please drink responsibly
0:26.6	For the facts visit drinkaware.co.
0:28.6	com.
0:29.6	Rich girl roundup
0:32.6	Woo
0:34.6	I love it
0:36.6	You could fit a full bouncy castle in this backyard, and have you considered that?
0:41.6	I mean, that would be one of the first things I'd do for my dog.
0:53.7	Welcome back to the Rich Girl Roundup weekly discussion of the Money with Katie show.
0:58.5	I'm Katie Gattie Tossan, and this is your favorite place to spend a Monday morning with me and my executive producer, Hannah, where we use this segment to talk through all sorts of money-related topics right after a quick break.
1:18.2	You want a home soon, but you also want kids someday. So how do you balance both financial
1:25.3	priorities? Emma and Tom weren't sure how much they could afford
1:29.0	to buy in New York City, given that child care was going to be a major expense one day.
	...

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