If your recent college grad is heading to a big city after grad….
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Anonymous
| Are you supplementing / helping with rent or living expenses? If so how much per month? |
Anonymous
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No. Kid making a ton in San Fran and renting AirBnBs at like $1500/month. Wants to explore multiple different neighborhoods for a year to figure out which they like the best.
Also, a strange disconnect between long-term rental prices and Air BnBs (especially considering you don't have to buy any furniture et al for the Air BnB, or pay any utilities). Have to believe perhaps due to pro-tenant laws or something. |
Anonymous
| My child is also earning enough to support their (tiny) Seattle apartment. I would consider some support in the early years if I thought the need was temporary. |
Anonymous
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Our daughter moved to NYC right after graduation making 60k. She found a tiny 2bd with a roommate - we helped with the deposit. She’s also still on our family cell plan, but that’s it.
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Anonymous
| Yes. 2k. |
Anonymous
| No. |
Anonymous
| No |
Anonymous
Our rental rowhouse/investment property in NW. We bought the year he was born. Mortgage paid off by renters. He is renting the other room to a college buddy (at a considerable discount  ).
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Anonymous
| No. Their decision regarding where they locate needs to be based on their own evaluation of COL and whether they can afford it. They need to learn this information, from their own personal experience and circumstance - circumstance that is within their control. Not skewed by Mom and Dad. If they can't afford it, but are hopeful they can improve their salary, they'd consider sacrifices to be short-term. They'd have roommates, they'd live in a lesser part of town. They then either find a way to advance their career and make more money or decide differently on their geographic location. They find a geographic area better suited to them, that offers a better quality of life. We think too much parental financial support is counterproductive to their journey of self discovery. |
Anonymous
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DS is coming back to DC. Only supplementing by letting him live with us for a while, charging him below-market rent.
I expect it won't be long before he moves out to a house/apartment with friends but right now he's the first in his friend group to accept a DC job. |
Anonymous
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It can be hard for new college grads to come up with first and last months rent, brokers fee, and security deposit, often all required in NYC. So yes we helped with that. But we made clear after that she was on our own, other than staying on our health insurance till age 26. She has to make enough to cover the rent, etc.
I remember my college roommates' parents couldn't afford to help her much when she moved to NYC right after college. it was super stressful for her. My parents wound up gifting her a thousand dollars and loaning her another thousand. |
Anonymous
My kid is coming back to DC but if he'd moved elsewhere we'd have provided this with expectation that he was taking an apartment that was a reasonable cost vs. his salary. |
Anonymous
| We offered to pay for living room and bedroom furniture. Because he’s always had roommates and just taken whatever he found. |
Anonymous
| I paid the first and last month’s rent plus security deposit as his graduation gift. He pays for rent, utilities, etc. He is also on my cell phone plan so I pay that. His grandmother pays for his gym membership for his Christmas and birthday gift. |
Anonymous
| No. |