Reply to Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I agree that the headline of this post is obnoxious and honestly it’s incredibly smart to allow the kids to come home and save for a few years after college.  Just like a kid graduating without any student loans is going to have a leg up so is one who can save a few years of rent staying in what would be an unused basement.

By coincidence the best job offer my kid got after college was back in this area.  I’m happy to have him move to my basement (not back into his old bedroom).  He can be my roommate.  No expectation of me behaving like his mom.  He can have people stay overnight and he can live his life and I can do the same.  He just won’t have to spend one paycheck on rent at a crappy apartment or house.  I think Michelle Singletary is doing her kids a huge favor by allowing it and it’s a financially savvy decision.[/quote]

Land the heli, and let go of that man child.[/quote]

It is NOT helicopter parenting to let your just graduated adult kid live in the basement/area of the house as an independent adult for a few years.  As long as they are saving, it is just another perk to launch them well.  First perk is no student loans, then another 2 years or so of no rent/etc. and your kid will have many advantages over most kids.

I may not have $50K to just give to my kid, but I do have a 4K sq ft house that now has just the 2 parents living in it, as the youngest just went to college.  Had the one who just graduated college found a job in our area, they most certainly would be given the choice to live in the basement (ironically where there room was---walk out basement with full bath, living room and mini kitchen (small fridge and microwave) ) and have full access to the full kitchen and laundry upstairs.  1 bedroom rents in our area start at $2100 for an adequate place, 1800 will get you a dump.  Why would we make our kid waste that $25K per year just to say they are "not living at home".  When we have tons of space (new empty nesters)?  In reality, the smart independent kids will take advantage and save save save and have $60-80K in the bank before they move out after 2 years. 
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