Reply to Can we talk about parents buying their adult children luxury homes

Forum Index » Real Estate

Reply to "Can we talk about parents buying their adult children luxury homes"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I caught a lot of grief in another thread for saying that I bought a house in a highly desirable inner suburb for all cash and with no contingencies so my kid and spouse could rent from me.  I did it because they were having trouble finding the perfect rental house (harder to find than apartments/condo rentals) but aren't looking to buy yet for a variety of reasons.  I view it as a win/win situation -- a good investment for me, and a nice place with a good landlord for them.  I'm not sure why people think people that others with a little bit of money are not supposed to help their kids out when they can.  There's this assumption that if you do that you're spoiling the kids and that they don't appreciate it or understand "real life."  That's a generalization that certainly doesn't apply to my family.

Simply put, why would parents with plenty of money sitting in the bank and with good relationships with hardworking and responsible adult children want/need to sit back and watch those children struggle to get into good housing when they can easily help without even feeling it?  To build "character?"  That assumes that the kids don't already have character, which is a very big assumption.   [/quote]

You got grief because you went into a thread about how heartbreaking it is not to be able to compete for properties in today’s market, due in a large part to all-cash investors, and helpfully shared the story of… how you bought an investment home for cash.  [/quote]

That wasn't my intent, but it doesn't even matter.  Posters turned on my kid with stereotypes and insults.  [/quote]

DP. Doesn't actually matter what your intent was. This is an anonymous forum on the internet - no one cares about understanding your inner motivations. You came in, posted something tone deaf, and got dragged. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics