how much would you charge your AC?
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Anonymous
| Does your son work remotely? I think a lot of young adults who began working remotely during COVID were lonely. He may be craving some human interaction on a day-to-day basis and not want to live in a group housing situation where he works & sleeps in the same room. |
Anonymous
| You deserve to know his eventual goal. This living situation is stifling for him, not good long term, not with out a plan. I would charge him 1/2 - 3/4 market rate and put it aside for him. Forced savings. Forced savings you give back to him in X years for his life ahead -- downpayment, engagement/wedding. |
Anonymous
| I would collect rent but "gift" that amount later when he is ready to purchase his own home. |
Anonymous
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this would only be doable for me if he was a contributing member of the household, as in helping with the grocery store, cooking, cleaning, lawn, etc.
it is kind of annoying when kid is living with you but acting sort of like they did when they were a kid. mine has been in and out over the last couple of years due to covid and she doesn't help out as much as i think she should. when she leaves i am always ready! btw, she has an apartment a few hours away. |
Anonymous
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Definitely charge. They need to get used to paying rent, budget, responsibility etc. Ours just graduated last May and is working first job. We charge a small amount now as not being paid a lot.
However, we are putting the money in an account (he does not know.) He will have a security deposit and more, or a downpayment for a condo ( depending on how long he is with us) when he is ready to move out, or we sell and move to our retirement place! |
Anonymous
He needs his parents. Not everything is about money. I wouldn't charge anything, OP, unless you actually need it. Your DC is doing extremely well financially for his age. He needs something emotional -- a rest, some love, etc. Don't charge him for that. |
Anonymous
Do not let him stay for free. If he's making 125k, $800 sounds good. If you don't need the money put it aside and for a house downpayment when he's ready. btw, He's going to stay single forever is he's living at home. |
Anonymous
| OP - you should ask your kid why they want to move home. Maybe something happened in their life. |
Anonymous
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When our child lived at home after college with a good job, we did not charge rent, but we had them send $3k a savings account each month. They chose a Fidelity brokerage account. They made around $80k. This was to get them used to not have all their money as disposable income. The6 also put in the max they could at their employer 401k. They saved quite a bit. With $125, I might increase that to $5k a month.
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Anonymous
| I would charge him. $800 a month seems fair. He can pay that and still save up for a down payment if he wants to. |
Anonymous
| $125k/year is NOT failure to launch. That is ridiculous. |
Anonymous
This. |
Anonymous
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OP you do not know the definition of failure to launch. What you have is a son that likes his mother to do his laundry and cook his meals, he is not a failure to launch kid.
I find it incredible that people are asking you why he hasn’t moved out and you do not know. Why don’t you know? He is 28 years old and making a wonderful living, are you afraid to ask him these questions? |
Anonymous
You see what a house costs and inflation. It's a good idea to save until you can make at least 200k |
Anonymous
Really? I won't think poorly at all of any young man or woman who were working and still living with their parents. They could be single or married. I would assume that they and their parents are benefitting by living together in many ways. I actually envy multi-generational households that have the resources and space to accommodate everyone's needs. |