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Adult Children
Reply to "Buying Property for Young Adult Children"
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[quote=Anonymous]I know families where the parents bought a small NYC apartment with the idea that kids would live there and pay below market rent while young and getting established and then it would be a pied-a-terre for the parents later. In this case the parents picked out the apartment/neighborhood and kids could agree to live there or rent in some hipster part of Brooklyn and pay their own way. In some cases this worked well, in other cases it may have contributed to failure to launch.[/quote]
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