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Reply to "Anyone's parent ask them to move out of the house after college? How did they say it?"
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[quote=Anonymous][quote=Anonymous]As immigrants that live in multi-generational joint families, there is zero pressure from us on my kids to move out of the house. Why? It does not cost us anything extra (or significantly) to continue to let our kids stay in our house for free. But, it will make a severe impact financially for my kids if they have to pay for shelter, food, utilities and other assets that they use at home for free - for example doing their laundry or using the family car etc. As parents we pay completely for all education and enrichment, let them be on our medical insurance till they are 25, their first car, their wedding, downpayment to their first home etc - so that they can save their money and grow their wealth through the power of compounding. If we do not have the money to give college, car, wedding to them for free, letting them stay for free at our home is the least we can do for them. [/quote] I feel exactly the same way. I come from an immigrant family where I would have been welcomed home after college as long as I was a functioning member of society and had a job, etc. The only reason I did not was because my job was located in a different city. If it was in the same city as my parents, I 100% would have lived at home for free for a couple of years to save money for a down payment. Everyone in our family has never had a problem "launching" and being self-sufficient as adults. [/quote]
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