I'm starting my first real job after completing graduate school in a few weeks. So far I've been temporarily staying with my parents in Brooklyn (just moved back) and looking for a place to rent in Brooklyn or Manhattan to be closer to work. However, my parents recently informed me that they have actually been saving up money (~$120k) so that I can pay a down payment on a small apartment, which came as a shock to me. They want to give me the money (no repayment) to buy an apartment instead of renting one and see renting as a waste of money. They won't let me just take the money and invest it.
I'm not sure what to do about this offer. Considering this is my first real job and that I have no money saved for retirement yet (when I start work, I'll max out my contributions for retirement), it makes me nervous. Any advice would be great.
About me: Single, 28, $110k/year, $22k in student loans (4%), $10k in savings, credit score 792
Submitted June 29, 2019 at 08:44PM by imfinallyanadult https://ift.tt/2LsfxIs
