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Adult Children
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I want to help DS to purchase his first townhouse, around 1M, but we want DS to have skin in the game. DS has lived at home with us for three years and saved up 95% of his annual salary, after taxes, for the past three years with about 240K in his account. When he officially moved out two months ago, we gave him 600K for his 1M home purchase down payment. IMHO, that is the right approach. [/quote] That's one tiny "skin".[/quote] Rich/UMC parents often help their kids. If it's not a burden to the parents, I just don't understand why people have an issue with it, beyond jealousy. If you have the money you help your kids get a start in life, especially if they are being responsible adults (and living at home and saving virtually all of your income at a great job is how I'd define responsibility). [/quote]
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