Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
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:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I wouldn't be thrilled by kids moving home right after college because I'd want them to learn to become established and independent adults in their 20s. But the reality of today's modern economy and the high cost of living, especially in the areas with great jobs, means I may need to be a bit more realistic and practical. Allowing a child to stay at home for three years post college as long as they took all that potential rent money and saved it for a down payment can result in 50-75k. Help buy the first property when they're 25 or 26. Then they can finally be on their own, or in their own place with a roommate for a few more years. This may be the way forward for the hard working but not rich kids in the expensive markets. And there's virtue to it. The more you save in your 20s, the far more it pays off down the road. I will definitely be helping out with IRA roths to complement their 401ks and helping with the first down payment. [/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
