Reply to Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home

Forum Index » Money and Finances

Reply to "Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home - RENT FREE"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Her advice makes sense for people who grew up poor, made it to the middle class, and are terrified about being scammed or wasting/losing their money. Which makes sense based on what she's shared about her background. And it is good advice for a lot of people. But it would not work for everyone. Things like paying off her low-interest mortgage early are emotionally comfortable but not economically wisest. Having kids live at home is good for some families, but not all.[/quote]

It's a really sad state of your relationship with your kid if "it's not good for you" to have your 23 yo kid living at home, if you have space.

We don't have the space (downsized to a 2 bedroom condo as soon as last kid went to college---had been planning that for 6+ years).  So it's tight when kids are home from college.  If one gets a job in our area (VHCOL) we will help them with rent, if needed, the first few years.  We would even rent them a place in our luxury condo building (one of the top 3 buildings in the city) if it works with job location---so they are close by yet independent.  But if we had a 3-4 bedroom place we would let them live with us.  All while giving them their independence and encouraging them to save $$$.

I guess I just don't understand why you wouldn't want to let your kid live at home if you could.  They can still become independent adults, and are well on the way to doing that if you let them. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics