by kleinbl00

No one, as Tom Postilio, a real estate agent in New York at Douglas Elliman, put it, wants to post on Instagram: “‘So glad I could move into this apartment that I don’t make enough money to buy, but thanks Mom and Dad for the cash.’” Mr. Postilio estimates that a quarter of his 30-something clients who are buying larger apartments (over two bedrooms) receive money from their parents, whether it’s in the form of a gift, a low-interest loan or co-purchasing.