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I’m chief loans officer at the bank of mum and dad. It’s a trait I inherited

8 3
29.01.2024

I’m a parent. I’ve spent plenty of time and money giving my kids a head start in life. My eldest is nearing the end of school and one thing I plan to do soon is help him buy a home.

Should I feel guilty about this? If you read press coverage about the bank of mum and dad, you might suspect so. But when I die, my kids will get everything I own anyway. Why not help them accumulate assets and provide stable housing when they are young adults and need it?

One of the new big lenders on the block. Credit: Marija Ercegovac

The........

© The Sydney Morning Herald


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