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[quote=Anonymous][quote=Anonymous]There's a lot of young families in Chevy Chase and NW DC who are living in a home owned by their retired parents. In most of the arrangements I know about, the adult children are paying below-market rent. I think the tacit expectation is that the adult child will inherit the home. Retired parents have downsized to a condo elsewhere in the area or Florida (in which case they may spend holidays and weeks of the summer in their house).

It's definitely a thing around here. And its a good way to keep assets in the family.  [/quote]

This. OP, since you’ve said you don’t need to sell it, whenever you and your spouse want to vacate the house tell your child he is welcome to rent it from you at a below-market rent that is still enough to require him to have some skin in the game. If he takes you up on that, you could continue until you’re ready to transfer ownership. If he says oh no I want to keep living in my condo at the Wharf while you leave your house empty for me until I’m ready for it - well, that will provide you with valuable information to determine what you want to do next.[/quote]

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