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Reply to "Placeholding for kid"
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[quote=Anonymous]We live in NoVa and know several families who live in one of the parents' childhood homes. We ourselves have several rental properties purchased over the years that we hope will be identified by one or the other of our children as desirable to raise their future families. OP, you and your spouse need to look at your finances and your plans for the future. Can you afford to buy your desired retirement property without the sale of your current home? Would you be willing to use your current home as a rental? Do you even want your child and his future family living in your current home? There are a lot of variables. You and your spouse need to talk about what YOU want and then you can decide whether or not you'll pay attention to what your child tells you what HE wants. I also agree with other posters that if you have more than one child, you need to be equitable.[/quote]
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