Reply to When do you expect your DC to move out?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No independent and healthy young adult want to live at home, no matter how much they love their parents. [/quote]

:roll: This is an American WASP cultural phenomenon. Around the world, people live at home and save money to start their married life.  There is nothing good about being poor or financially strapped, especially in this country.  If you can get a financial leg up in life then it sets you up to accumulate wealth.

However, we have to understand that many older Americans cannot afford to keep their kids at home and provide that kind financial help either. They are broke too and barely hanging on. They want their kids earning by 18 and out of the house. They do not have the deep pockets to pay for college, let them live rent free in their home after college etc.

When they do let their adult children live with them they ask for rent and grocery money. This is a function of their financial situation and not the function of being American.   Being American just lets them be a non-supportive parent without ridicule from others.  This is cultural abandonment of their children. [/quote]

If you have so much money, gift a house, instead of letting them stay in their childhood bedroom.[/quote]

DP.  Let's say it costs 500K to purchase a condo.  I am going to give my kid 250K and they need to come up with 250K to purchase the condo.  Where I came from in Asia, we paid everything in cash and no loan.  I want my kid to have skin in the game and be responsible.  My kid graduated with a CS degree so saving up 250K will take three years or less (his salary is 220k/year) and he is not responsible for rent, food and utilities.  Once he has 250K, I'll give him 250K and tell him "have a good life, come back and see mom and dad once in a while".  That's how you teach financial responsibility and financial freedom.

I lived at home with my parents until I got married at the age of 33.  I invested all of my earnings into investment portfolios between the age of 22 and 33.  By the time, I got married, I had over 5M+ and that allowed my wife to be a stay home full time.

Living at home for three years to build up a nest egg will not stunt your personal development.[/quote]

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