Reply to Do you regret allowing your adult children to live at home?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I let one adult kid live at home for a few years and will do so with the others if they want. My feeling is that it’s the family home, and I’m not charging anyone rent to live here. I’d rather have them live here and save up money so they can buy a house. We are not in an economic bracket to be making huge gifts to help them with a down payment, But free rent is something that we can offer and are happy to offer. That said, we did have some friction around doing the dishes, especially.[/quote]

You should charge market rent, to teach them adult responsibility and how the real world works. No problem with choosing to give them a gift of cash or down payment later. [/quote]

DS will be paying rent, a bit below market rate, and we will gift that money back to him when he moves (but haven't told him that).[/quote]

I posted above. We have a similar plan; however, we figured if we didn’t tell them, then they’d have no incentive to actively work to move out. For example, They’d be comparing $3000 market rent to the $1000 we’d be charging him all in? I guess it friends in the kid, so may work but we’re hoping that after a 12 months paying into our fake rent fund  they’d be looking forward to freedom and $12000 refund check.[/quote]

What about if they can’t pay one month. How would you handle? [/quote]

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