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Real Estate
Reply to "Can we talk about parents buying their adult children luxury homes"
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[quote=Anonymous]What else do you propose that people of means do with their money? My in laws came from nothing and with hard work built a small fortune. It was obvious they planned to leave everything to their kids. A couple of decades ago my spouse approached them and basically said "our family doesn't need anything but nieces and nephews sure do. It's your money and no one is expecting anything but if you're planning on leaving money to them wouldn't you rather help them now when they really need it and see the results of your generosity?" At that point they started giving, and college tuitions were paid. Made a huge difference. We're now doing something similar for our kids when it comes to housing. This is an extremely high COL area. We're helping our kids get into housing, and we're helping them a lot. We can afford it. So what exactly is the problem? [/quote]
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