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

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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Honestly, it seems like a reasonable and responsible set-up.  Taking what she says at face value, they contribute to the household and are saving.   I assume she lives in the DC area - rents are ridiculously high.

I find this set up a whole lot less off-putting than parents helping their adult MC kids with a down payment or daycare expenses. [/quote]

I guess I feel the complete opposite. Parents helping with downpayments and daycare promotes independence and living on their own. It also lets their kids have the grandchildren quicker. Most people have no trouble paying the day to day expenses of kids but those daycare years are impossible. I pay 4k a month in daycare for my kids. [/quote]

An adult kid living at home costs the parents little--paying downpayments and daycare is a major expense.  So you're basically saying it's better to be rich.[/quote]

DP: Yes life is easier if you are Rich.  We are rich and will do either approach for our kids.  They can live at home or live nearby us and we will help with rent if needed (we live in a VHCOL area--worse than NoVA) or we will help with downpayment or rent wherever their job is.  However, for first apartments, they kids will live in something they can afford on their own if they had to as long as they are in a MCOL area.  However, our gifts/supplements will allow them to fully max out retirement (Roth and 401k).  It's an incredible gift and they are thrilled we can help and they understand the privilege.  [/quote]

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