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[quote=Anonymous]https://www.refinery29.com/en-us/manager-washington-248k-joint-money-diary

My iniital thoughts are that they're on track (a bit ahead, actually) for retirement but don't have any dedicated college savings.  I know some private school parents just think they'll transfer those payments directly to college but I don't think that logic holds if you're only paying $17k/year.  I can see the appeal of a condo that includes everything including utilities/laundry/gym, but they still may regret the decision when it comes time to sell.

Honestly between being overwhelmed by taking care of a house to having her parents give them lump sums for [i]multiple [/i]down payments to her parents giving them $10k toward a car purchase when she was 34 (!!), the whole thing reads like cosplaying as grownups while waiting for her parents to die so they can be rich.  I have a hard time believing they'll be able to support their son the way her parents are supporting them.

But good for them in being able to have a very low stress life in a HCOL area.[/quote]

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