I was told that they were influenced by their parents and were firm at 182k.

This would give us about $40k in free cash that we would then re-invest into the bigger mortgage of $256k that is currently under my parents name purchasing the house from them for $215k and doing a gift of equity on the remainder of the properties value transferring ownership from parents to my sister but lowering the PITI to a reasonable estimated payment of about $ 1,200- 1,500.00 per month.

The large 20s - early 30s age group benefits from job vacancies left by the boomers but are also more skidish to purchase homes as they have seen the dangers and don't wanna deal with the hassel of homeownership and tend to change jobs and even careers more than their parents.

Controls Delete PostKim Hill:My parents passed away, there house was left to me, my name alone is on the deed....before the deed was put in my name, a loan was taken against the house (not for the full value),now, the bank would not let me make a payment on the loan and put the house in foreclosure....who owns the house?

My parents are very supportive of my dreams and will help me start off financially.

If I had a family and was looking for a house for personal use, I would jump on this one and spend the money to fix it up.From what I can tell, other houses on the street have been selling for 275-300k in the past year.If I were to make a go at this, I would potentially have my parents and another relative who could lend some support/partner with.

His wife was his partner though, lol.With that said you are in a position where you could have a good network between other teachers and parents.

My short term goal, driven somewhat out of necessity, is to purchase a multi-family investment home in NY state, as a means to secure affordable housing for an aging parent on a fixed income.

It is legal for a parent or guardian to be armed while picking up or dropping off their child in the parking lot.

I would venture that anyone locally that is around my parents age and owns a nice little chunk of a solid regional bank probably put $3-5,000 into a local start up 20+ years ago and just left it there through all the acquisitions, splits and mergers over the years.