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Adult Children
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[quote=Anonymous]I'd say set a shorter timeline and then everyone reconsiders after that. 7 years is a long time. If your son has really never lived outside the dorms (and thus has no real concept of budgeting), I'd want to go over his savings quarterly to ensure he really is saving. You don't want to find out in 7 years he doesn't have that down payment. I'd also be really thoughtful about what you want him to do around the house. If he's a good kid, pitching in won't be an issue, but laying out expectations up front will help everyone. Do NOT do his laundry. [/quote]
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