Placeholding for kid

[Anonymous]

Anonymous wrote:

Anonymous wrote:30 year old, currently lives and works in DC, and he has girlfriend in the area but who knows if they are serious

he probably feels priced out of home ownership and is hoping you will help him find a path to achieving that. if not, prepare for him to resent you and maybe cutoff access to him, future wife and future kids.

After the first sentence you went off the rail.

[Anonymous]

If you can afford it, I would let him live in it until you die, and then give it to him. But I think it's completely reasonable to rent it out until he's ready to take up residence. There are a lot of people here claiming your son is entitled but I think that's BS if he knows you can afford this arrangement.

[Anonymous]

He’s super entitled. It’s not enough for him to get a boost in buying a house but the whole house. I think the whole thing depends on your overall financial picture as to how entitled it is. Like he’s asking for at a minimum one million dollars (don’t know the size or condition if your house). Is your financial situation such that that is reasonable?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course you should give him the home if you can afford it. Why can’t he move there now if he’s in residency in the area and you go where you like? Remember he’s competing with other kids of his generation whose parents are gifting them homes or down payments. If you can afford to do the same why not?

1) Is it really "competing?" I mean, does he "lose" if he only gets down payment assistance from his parents rather than a whole-ass house?

2) How many parents are doing that? Like, as a percentage of the population?

All things being equal, would an attractive high quality woman want a man who rents or one who owns a 2M house? Everything is a competition

OMG an attractive high quality woman should know that a home her DH inherits will always be separate property and will never belong to her, and should want to be co-owner of the house she lives in with her family. Also, a high-quality woman should want a man who can earn enough on his own to buy a home for his own family to live in, not be propped up by his parents like some weakling incel.

Just ew.

[Anonymous]

Anonymous wrote:OP here. We can afford to buy another house and keep the old family home. DS would like us to give it to him, not buy it. He does seem emotionally attached to the house, and asked us not to rent it out meantime.

That is preposterous. Under no circumstance should you give it to him. That is giving money away to the government for absolutely no reason. You should retain ownership and allow him to live there while paying the maintenance, taxes and insurance. This is still an incredible deal for him vs having to pay all this plus a mortgage, and he will still receive the house, tax free, when you die. If he cannot understand this he deserves nothing.

[Anonymous]

Anonymous wrote:Is he your only child? Because if not, that could get really messy.

The answer to that is LITERALLY the very first words of their post.

[Anonymous]

Anonymous wrote:Of course you should give him the home if you can afford it. Why can’t he move there now if he’s in residency in the area and you go where you like? Remember he’s competing with other kids of his generation whose parents are gifting them homes or down payments. If you can afford to do the same why not?

Of Course?

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP again... are we doing him a diservice by dropping a house in his lap, and does he come off as kind of entitled or is this a normal expectation for 30- somethings now?

He unequivocally comes off as entitled by asking you to give him a house. It is not a normal expectation. However, if you are not normal people and gifting a house to your only child wouldn't affect your retirement and it is what you want to do, then do it. I don't think under those circumstances there is any disservice being done.

He unequivocally comes off as entitled by asking you to give him a house AND asked you not to rent it to anyone in the meantime.

There, fixed it for you. 😉

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course you should give him the home if you can afford it. Why can’t he move there now if he’s in residency in the area and you go where you like? Remember he’s competing with other kids of his generation whose parents are gifting them homes or down payments. If you can afford to do the same why not?

1) Is it really "competing?" I mean, does he "lose" if he only gets down payment assistance from his parents rather than a whole-ass house?

2) How many parents are doing that? Like, as a percentage of the population?

All things being equal, would an attractive high quality woman want a man who rents or one who owns a 2M house? Everything is a competition

OMG an attractive high quality woman should know that a home her DH inherits will always be separate property and will never belong to her, and should want to be co-owner of the house she lives in with her family. Also, a high-quality woman should want a man who can earn enough on his own to buy a home for his own family to live in, not be propped up by his parents like some weakling incel.

Just ew.

They need to retitle the house in include her as tenants by the entirety, and she'll be fine. And his earnings are good, he's a doctor, but she needs to bring it too.