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Real Estate
Reply to "Shocked at how many families in nice DMV neighborhoods are living in relatives' homes"
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[quote=Anonymous]I get the sense that multigenerational living is the norm everywhere on the planet but the US. The "rent" is usually just the way the adults all contribute to the mortgage and utilities equally. It is a way to build wealth for one generation while keeping the older generation in their own homes as long as possible. Which saves money on assisted living and/or potential nursing home situations. If you don't have that option and are the first to be building that life in a family then it can be frustrating to see other people already reaping the benefits. But it's just pure jealousy to be so angry about the situation. FWIW, I think for most it's a trade off. Yes, they are building wealth, but it can be rough emotionally. I would only live with my parents as a last resort.[/quote]
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