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Old 06-27-2009, 03:42 AM   #17
JonatonM

Join Date
Oct 2005
Posts
435
Senior Member
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Call me old fashioned but it seems bizarre to treat a kid to car they probably aren't going to be able to afford themselves for a good 10 years. It's also about frugality as well I guess maybe that's more respected in some parts of the UK than others.
I think supporting your Kid's completely during adulthood is wrong (i.e they don't work) but big purchases if you have the money is OK as they are good investments, particularly a house, as well as saving on vast amounts of mortgage/other interest payments. My flatmate has been bought a £500,000 flat in London by his parents (yes half a million pounds) and a brand new £30000 car. Good for him though, he works 12 hours a day on his own business and works hard for the rest of his money. If I have money I'll do the same for my kids.
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