Reply to Retirees buying 4,000 sq ft houses?

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[quote=Anonymous][quote=Anonymous][quote]our kids and grandkids love visiting the "estate" throughout the year[/quote]

Is it bigger than their home? More expensive? I would want to pay-it-forward instead, to assure that a growing family had the more spacious home. 
Imho, it just doesn't seem right to live the way you do as a retiree. Why not gift more money to them to help with their housing?
- signed, a retiree myself[/quote]

We have gifted them plenty of $$ to get a head start in life - free educations, home down payments, college fund for next gens, etc.   We are not cheating them in any way and the property continues to appreciate (comes with sub dividable acreage) so they will all benefit handsomely after we are gone.   We have always planned it this way - to keep the family together so to speak and not become "empty nesters" after kids move on.   Being an empty nester represents a depressing position.   The memories and bonds that we continue to build are priceless.   BTW, we are an ethnic family, with a different mindset vs. the traditional "American family".      [/quote]

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