Wealth

Wealthy parents are taking out cheap loans to buy their adult children homes and save on taxes. Here's how it works and why it's feeding the all-cash bidding frenzy.


Every week for the past 14 months, wealth advisor Aaron Bell has had to help his affluent clients buy houses. Many of them aren’t buying for themselves but for their adult children. It’s common in the US for parents to help their children buy their first home, with 43% of Millennial homeowners …

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