My House, Your Money: Mommy and Daddy are Paying for the Granite and Hardwood
#1
Posted Nov 17, 2011 @ 6:10 PM
It would be one thing if we get the sense that the kids are genuinely appreciative of the parent contribution in this all, but any mention of that seems tacked on at the end, and instead we get lots of low grade bickering between parent and child, probably at the urging of a producer. Though it does make for entertaining television, I guess.
#2
Posted Nov 17, 2011 @ 7:28 PM
Were they planning on visiting every weekend? Good grief - the kid was of age, give him some space. We've given our children financial help - our stance is once we decided how much and ask it go for a certain cause/need, their choice of the particulars is just that - theirs. Our daughter has a good friend whose in-laws gave them money for a house. She said she had absolutely no say in what house got picked. I guess you can say - well, mom and dad are paying. Guess what - the house the parents chose was the one closest to theirs. Poor kids.
#3
Posted Nov 17, 2011 @ 9:17 PM
#4
Posted Nov 17, 2011 @ 9:29 PM
But I do assume the show encourages that ridiculous bickering. I can't tell if Canadian producers encourage this ridiculous behavior so they can sell the shows to the US, or if Canucks are as ridiculous as we are.
ETA: I much preferred "My Parents House". That show was so fun and often sweet.
Edited by whee whee piggy, Nov 17, 2011 @ 9:30 PM.
#5
Posted Nov 17, 2011 @ 10:04 PM
I miss that show. Where are you Andrika and Emmanuel? This show could use your warmth and humor. Yes, there was bickering, but there was also affection.I much preferred "My Parents House". That show was so fun and often sweet.
#6
Posted Nov 17, 2011 @ 10:21 PM
Unless there were two episodes featuring a pushy set of parents and a whiny, spineless son, I'm pretty sure this was set in Toronto. The condo building where the son ended up, looked like it was close to Lake Ontario.I also saw another one where mom and dad were helping their son, an aspiring actor, buy a condo in LA.
#7
Posted Nov 17, 2011 @ 11:05 PM
#8
Posted Nov 18, 2011 @ 1:13 PM
#9
Posted Nov 19, 2011 @ 10:43 PM
I agree so completely with this. If you choose to give your kids help, it is your choice. That doesn't mean you get to make the decisions. To me, giving people money, then insisting that you get to make or influence their decisions as a result, is nothing more than using your money to control those people. My parents helped us a lot, and never imposed their opinions as a result. We've done the same with our adult daughter. To do otherwise is just gross. It's almost like teaching your children to whore themselves. That's why the whole idea of this show just turns me off.Were they planning on visiting every weekend? Good grief - the kid was of age, give him some space. We've given our children financial help - our stance is once we decided how much and ask it go for a certain cause/need, their choice of the particulars is just that - theirs. Our daughter has a good friend whose in-laws gave them money for a house. She said she had absolutely no say in what house got picked. I guess you can say - well, mom and dad are paying. Guess what - the house the parents chose was the one closest to theirs. Poor kids.
Edited by BDArizona, Nov 19, 2011 @ 10:43 PM.
#10
Posted Nov 21, 2011 @ 12:43 PM
The parents of the aspiring actor were the complete opposite. Especially the father -- I think he was trying to ham it up for TV but all he achieved was giving me a stomachache. What a repulsive "performance" that was. "Cha-ching, cha-ching!" Bleah.
Edited by Richko, Nov 21, 2011 @ 12:43 PM.
#11
Posted Nov 21, 2011 @ 3:50 PM
Unless there were two episodes featuring a pushy set of parents and a whiny, spineless son, I'm pretty sure this was set in Toronto.
And I can tell you definitely was not L.A.
#12
Posted Nov 23, 2011 @ 11:39 AM
#13
Posted Nov 23, 2011 @ 3:13 PM
#14
Posted Nov 24, 2011 @ 12:41 AM
#15
Posted Nov 24, 2011 @ 10:54 PM
They were funny! That was the first episode that I caught, when I just happened upon it late one night. Since then, I've seen the other three episodes, including the one that just aired with the spoiled son and his divorced parents, step-mother, and grandmother all along for the house hunting. While I found the first episode with the med school son funny, I now realize that the bickering in the car routine is a formula set up by the show in each episode.The US pilot episode was the best 30 min. of HGTV I've seen in a long time -- the Polish immigrant parents with the tall son in med school... I would watch those two parents in a sitcom -- they were hilarious and charming and all sorts of awesome!
Btw, I just noticed that the first three episodes are all on tomorrow beginning at 11 am (Episode 1 - med school son, Ep 2- actor son, and Ep 3 - dog trainer daughter).
Next week's new episode (Tuesday, 11/29 at 8:30 PM) brings us the first married couple looking for a home with financial help from the parents:
Also, in case there was any doubt, much of the drama is manufactured. HGTV's website describes the show as:Tracey and Dave Look For Their First Home With Parental Help
HMHYM-105H
Tracey and Dave are a young, engaged couple who want to buy their first home. Tracey's mom, Joan, is a control-freak, and though contributing substantially to the down payment, wants veto power over what property they choose. Dave's dad,
My House, Your Money reveals what really goes on behind closed doors as prospective homebuyers turn to their extended family members for financial help in order to land their dream home. Cameras catch all the drama and high-stakes pressure of the classic generational tug of war as families fight for their property pick and struggle to come to a compromise. What could possibly go wrong when the grown-up kids want a beautiful home to live in and the parents want a safe place to invest their money?
#16
Posted Nov 25, 2011 @ 3:15 AM
#17
Posted Nov 26, 2011 @ 6:08 AM
Admittedly, I haven't paid tons of attention when I've caught this show, but is this really an accurate description of what is going on? To me, there are two different scenarios possible here - either a.) the parents are buying a home as an investment, and the parents keep the deed while agreeing to let their kids live there rent free or b.) the parents are buying the home (or contributing a down payment) as a gift and the kids keep the deed. I guess some might seeing it as splitting hairs, but to me there is a significant difference between those two scenarios in how much "say so" the parents should get. In scenario a, I think the parents should have the most say in what house gets purchased, but in scenario b, I don't think they should get any voice - a gift is a gift, no strings attached. So which is it?What could possibly go wrong when the grown-up kids want a beautiful home to live in and the parents want a safe place to invest their money?
#18
Posted Nov 29, 2011 @ 9:04 PM
And the boyfriend? What a waste of space. He wasn't contributing anything in the way of money or personality.
All 3 of the house choices were pretty crappy. Should have called Carlos!
#19
Posted Nov 29, 2011 @ 9:43 PM
I like the first house only if they could do something about that loft, and put some windows in it. Otherwise, I thought they should have kept looking.
#20
Posted Nov 29, 2011 @ 10:01 PM
But property isn't really an investment if you aren't collecting rent. Its appreciation historically is not enough to qualify as an investment with the carrying costs--mortgage, maintenance, taxes. And now, with virtually no appreciation in most markets, it's a loss leader.a.) the parents are buying a home as an investment, and the parents keep the deed while agreeing to let their kids live there rent free
If you need help with a down payment, borrow it--with signed documents--from mom and dad. But better yet, wait until you can afford it yourself. And buy what you can reasonably afford. The idea that everyone is entitled to a dream house (ever, let alone as a first house) is ludicrous.
Edited by BoDiva, Nov 29, 2011 @ 10:03 PM.
#21
Posted Nov 29, 2011 @ 10:05 PM
Carlos has to be extremely happy that he didn't get the call.Should have called Carlos!
#22
Posted Nov 29, 2011 @ 10:06 PM
The daughter was just an entitled brat. When we bought our second house, I waited five years before redoing a kitchen that was considerably worse than the one in the house they bought. Somehow, I survived with my delicate sensibilites intact (sarcasm!)
Edited by jerseydevil, Nov 29, 2011 @ 10:13 PM.
#23
Posted Nov 30, 2011 @ 12:42 AM
I was hoping her fiance might change his mind about marrying her. And future father-in-law can't be too happy about her either. Yikes.
#24
Posted Nov 30, 2011 @ 12:51 AM
If mom really wanted to have a say, she should have said 'no wedding, no money.' I know people live together before marriage, but since she said she wished they had waited, she should have held on to her money. Who knows if these two prize winners will get married? I think mom was engaging in some wishful thinking - if they get the house, maybe they'll get married. But again, who knows?
Was there a reason why this awful woman and her cowed fiance couldn't get a nice condo in the city? Why were they looking at houses that were either too expensive or needed some serious work considering the price.
#25
Posted Nov 30, 2011 @ 9:53 AM
If mom really wanted to have a say, she should have said 'no wedding, no money.
Oh, she had a say alright! To me, it looked like Mom was more interested in giving her daughter a hand in getting a starter home than getting married to that non-entity the daughter called a boyfriend. Mom was not impressed with boyfriend or daddy/realtor at all.
#26
Posted Nov 30, 2011 @ 12:30 PM
#27
Posted Nov 30, 2011 @ 1:33 PM
#28
Posted Nov 30, 2011 @ 5:06 PM
The US pilot episode was the best 30 min. of HGTV I've seen in a long time -- the Polish immigrant parents with the tall son in med school
I loved the mother, especially when she crept out on to the balcony!! You can't fake that kind of fear of heights! They just seemed to have a terrific relationship. The dad was very funny too. I like his suggestion for the shower. Just cut a hole in the ceiling for your head.
Some of the housing they show in Canada is lovely but those semi detached and detached homes they showed on this show and on Property Virgins and a few other Candian based shows... there is hardly a couple of feet between one house and the next. There must be little to no natural light coming in to some of the rooms. For 4/500K I'd want a bit more room.
#29
Posted Nov 30, 2011 @ 6:44 PM
On topic. I wish I could have gotten my parents to chip in for my house, but since they didn't, I never bought my own place until I was 37. Being a homeowner in the lower mainland of BC without inheriting something or buying something tiny and expensive is hard to do. I have no experience with out east, but I imagine Toronto is similar.
#30
Posted Nov 30, 2011 @ 11:00 PM
The fiance's father was donating $10,000 in addition to his commission.
Is the process different in CN from the US? In the US, the buyer does not pay a commission. I suppose he could tell the seller that he wouldn't charge a commission and to lower the price?
All three places were awful.









