Not everyone receiving a cash gifts want to make a 20% downpayment, though. Cash gifts are also allowed for low-downpayment mortgages including the FHA purchase mortgage, which requires a 3.5% downpayment; and the Conventional 97 mortgage from Fannie Mae and Freddie Mac which requires just 3% down.
Hardwiring Happiness is a psychology/but actually mostly a self-help book. I obviously went into it with expectations that weren't met, but it's not all bad. I did get the psychological research that I wanted and more.
In their popular book, Happiness: Unlocking the Mysteries of Psychological Wealth, Diener and Diener tell us that âhappiness, as it turns out, not only feels good, but is often good for you and for society.â They include the cynical quotations above, and specifically state that âFlaubert was dead wrong.â.