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[quote=Anonymous]I would not allow this. It's one thing if the kid is in graduate school, or working their way up at some entry level job with a $30k starting salary, but at $95k, he should get his own place. Yes, it will impact his ability to find a spouse, but much more than that, it will impact his ability to grow as a person and become a self-supporting adult.

I would tell him he's welcome to live with me while he settles in/finds a place/builds an emergency fund, but for a maximum of one year. I would also consider charging rent/utilities well below market rate ($300? $500?) AND make sure he's holding up his end of the household chores - cleaning, cooking, doing his own laundry for sure. I would also make sure that during that year, you're working on moving things over to his responsibility. Transferring him to his own phone plan, his own car insurance, etc, etc, so that at the end of the year, he's fully independent. But that can happen slowly.

Additionally, (and I saw this with friends) it's really easy to live with your parents with super low expenses to "save a ton" and save... but not a ton, and then have to drastically lower you standard of living when you're on your own. Ex: he makes $95k, after taxes he's taking home about $5k a month. His fixed expenses are small - car insurance, cell phone, maybe he chips in on groceries. Let's say $1k. He saves $2k a month, and has $2k spending money. Saving $2,000 a month, he feels great! He's saving sooo much. But he's also living in a world where he can blow tons of money on stupid crap. I don't get $2k in spending money a month, and I make double what he does. He should learn to live on what he makes NOW and save at the same time. [/quote]

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