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Phrase: The bank of Mom and Dad
What do you do if you 1) don’t have money but 2) want to buy your own home?
Well, you could try the bank of Mom and Dad.
The bank of Mom and Dad means that your parents will give you the money that you need to get something.
You shouldn’t treat your parents like a cash cow, but with sky-high housing prices, everyone needs a little help.
This is a very common idiom used in Canada these days.
You see, the average price of a detached home in Vancouver is about $1,000,000.
Yeah, that’s right, a million dollars.
So, what do young people do when they want to buy a house?
Of course, they ask their parents to give them some money or at least loan them some money so they can buy a home.
Unfortunately, sometimes, the bank of Mom and Dad is permanently closed.
When that happens, you’re on your own kid!
Flesch-Kincaid Readability Test
This post is simple and easy to read. It’s likely to be understood by someone with at least a 6th-grade education (age 11).
On the Flesch-Kincaid reading-ease test, this post scores 87.
The easier a passage is to read, the higher the score on a scale of 0 – 100.