Eldercare doesn't seem to be race-correlated. Lots of whites take a significant part of eldercare when their parents get older. Some have their parents move to the same town or even move in to an in-law unit of their house. |
I am the poster to which you are responding. I am myself a former Pell Grant recipient at an Ivy, and certainly jumped SES compared to my parents, and am all those things which you describe above. What I'm saying is that the current capitalist economy is different from the 90s when you and I were coming up and benefitting from our Ivy educations. Nowadays, it's so much harder to get established as a young adult even with a great education, and a high paying profession. Even in the 90s, consider how different the post-grad years were for my friends from more modest families, compared to those who had parents who could help them out, even if they had identical jobs. Where I live, you'd need a million dollar downpayment just to get a reasonable "family home" of 2000 sq ft. Even with high wages, young grads will be saving for years and years, to scrape together a downpayment by the age of 40, unless they come from a family that can help, or at least, do not have huge student loan burden. I would prefer if our side are not the only ones who are able to provide that help. |
| I hear you. I hope my kids all fall in love during college at the very least |
lol the non white non Christian PP was just as racist… Indian immigrants…. South Americans… frequently very racist against others…. But it’s only whites in your view, I’m sure… |
Is “here” the DMV? |
Not the same as in South Asian culture, trust me. The parents of the husband run the house. |
From which countries? |
DP. Many from eastern europe. |
Midwest or west coast — all the smarts but more laid back |
| As long as they don’t bring home maga I’m good |
This. Plus I would be sad if they fell in love with and settled down with someone who lived far away. |
Where do you live…Palo Alto? Considering this is DCUM, you most certainly don’t need $1MM as a down payment on a starter home in the DMV unless your idea of a down payment is 50%+ of the house value (and $2MM is far from a starter home). Your kid could marry someone from a UMC background who just doesn’t agree with your view philosophically. I think DCUM provides a very distorted view of how the vast majority of even UMC parents think. I would wager less than 25% of UMC parents view a down payment as something they will provide their children. BTW, I don’t understand how the economy is any more or less capitalistic than the 1990s. 1990-1994 was a generally crappy time looking for a job with overall unemployment much higher than today. 1995-1997 was good…then 1998-1999 was turbo as the dotcom boom took off. |
| Speaking as someone from high cost urban areas, like NYC and West Coast where real estate routinely costs >$1000/sq ft, it absolutely could take a million dollar downpayment to be able to carry a million dollar mortgage on a 300k combined income which is at the margin between middle and upper middle class. That would get you 2000 sq ft of home, on an income that seems reasonably likely to be achievable without having to be one of the lucky or talented few who can land that superstar unicorn job. |
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This is quite the thread - I find the honesty refreshing actually, even if it is racist, classist, etc.
These are all factors we as parents think about. It's hard out there to make a good living nowadays, even as a super smart kid. Job security and high pay are not as guaranteed as they were when we were graduating. I def don't want DD to bring home MAGA, although I can't imaging that happening. That would be a serious parenting fail. And yes, I want her spouse to be from a somewhat similar SES, doesn't have to be as wealthy, but debt would be a huge burden. I'm ok with kid of tech immigrant - they're actually more down to earth than some others. Yes, I would consider helping kid with down payment on a house - I mean, why not if you can afford it? Very interesting comment from a PP that inherited wealth trumps salary. Do you all talk to your kids about all these things? Or just hope for the best? |
Expectations for elder care are GREATLY influenced by both race and family culture. What is considered normal/typical/expected can vary widely and is often not the same between two different cultures. DH and I are from different religions and different regions of the US and our families have vastly different expectations of our help, our visits, our gifts, etc. |