Anonymous wrote:

Anonymous wrote:Our kid (only-child) just finished kindergarten at a school in an upscale DMV neighborhood.

We've met at least a dozen families at our school who are living in a childhood home or a living in a house own by an elderly parent/relative and "paying rent" (whatever that means)

Though extracurricular activities we've met other families with the same arrangements in Chevy Chase, Bethesda, and upper NW DC. This is, in fact, pretty widespread.

So, if you're slogging away saving for that down payment, paying for child care and wondering "how do all these people do it????"....just know that this is one of the ways you're getting shut out. I'm honestly surprised at how widespread this is happening.

Sounds peculiar to your wealthy bubble. No one I know lives like this. We all own our own homes or rent.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP if you are offended why are living there? By fact of living in an “upscale DMV neighborhood” you are part of the same human drive of striving and wealth accumulation.

This is the point of striving - getting an education, getting a high paying job, accumulating property - so that you can make life easier for your kids and pass on wealth/property.

This. We're doing all this for our kids. An "upscale DMV neighborhood" isn't the place for OP if she wants to avoid this.

Yes. In OP's opinion, we are supposed to sell our house as soon as we can, all in the name of "macro economic trends" or similar nonsense, rather than eventually allow our teenager to live here or inherit it. Sorry, no chance. I care more about my kid than I do about the hypothetical other people's kids who could potentially live here, and I make no apologies for that. This house is a non-trivial portion of our net worth, and I'm going to treat it like that.

Anonymous wrote:Everyone missed the point that it’s a sign of how unaffordable housing is and that much of what you might think is people affording homes is actually an illusion.

Anonymous wrote:

Anonymous wrote:OP if you are offended why are living there? By fact of living in an “upscale DMV neighborhood” you are part of the same human drive of striving and wealth accumulation.

This is the point of striving - getting an education, getting a high paying job, accumulating property - so that you can make life easier for your kids and pass on wealth/property.

This. We're doing all this for our kids. An "upscale DMV neighborhood" isn't the place for OP if she wants to avoid this.

Anonymous wrote:OP if you are offended why are living there? By fact of living in an “upscale DMV neighborhood” you are part of the same human drive of striving and wealth accumulation.

This is the point of striving - getting an education, getting a high paying job, accumulating property - so that you can make life easier for your kids and pass on wealth/property.

Anonymous wrote:

Anonymous wrote: I feel kind of bad for people who won't ever had a feeling of personal fulfillment from standing on their own two feet

This is silly cope. As a person who was raised LMC and earned my own wealth, I know many people who have inherited generational wealth, from standard “top 1%” to billionaires and I don’t feel bad for them at all. I know *one* wastrel “can’t stand on their own two feet” person. Thinking of all rich kids this way is confirmation bias. I know very many, many more with “generational wealth” who are successful doctors and lawyers, government employees, work on Wall Street and run the family business, etc. They absolutely had the advantage of family money and connections, but you wouldn’t know most of them came from wealth. Especially the ones who don’t have “household names - there are several I knew for decades before someone clued me in about their background. Carly Simon’s father ran Simon & Schuster. Do you think she never had “a feeling of personal fulfillment” because she had money and connections? How about Julia Louis-Dreyfus, the daughter of a billionaire? They don’t need your pity.

Anonymous wrote:

Anonymous wrote: I feel kind of bad for people who won't ever had a feeling of personal fulfillment from standing on their own two feet

This is silly cope. As a person who was raised LMC and earned my own wealth, I know many people who have inherited generational wealth, from standard “top 1%” to billionaires and I don’t feel bad for them at all. I know *one* wastrel “can’t stand on their own two feet” person. Thinking of all rich kids this way is confirmation bias. I know very many, many more with “generational wealth” who are successful doctors and lawyers, government employees, work on Wall Street and run the family business, etc. They absolutely had the advantage of family money and connections, but you wouldn’t know most of them came from wealth. Especially the ones who don’t have “household names - there are several I knew for decades before someone clued me in about their background. Carly Simon’s father ran Simon & Schuster. Do you think she never had “a feeling of personal fulfillment” because she had money and connections? How about Julia Louis-Dreyfus, the daughter of a billionaire? They don’t need your pity.

Anonymous wrote:Meritocracy is out and inheritance is in is the message from OP.

Anonymous wrote: I feel kind of bad for people who won't ever had a feeling of personal fulfillment from standing on their own two feet

Anonymous wrote:Our kid (only-child) just finished kindergarten at a school in an upscale DMV neighborhood.

We've met at least a dozen families at our school who are living in a childhood home or a living in a house own by an elderly parent/relative and "paying rent" (whatever that means)

Though extracurricular activities we've met other families with the same arrangements in Chevy Chase, Bethesda, and upper NW DC. This is, in fact, pretty widespread.

So, if you're slogging away saving for that down payment, paying for child care and wondering "how do all these people do it????"....just know that this is one of the ways you're getting shut out. I'm honestly surprised at how widespread this is happening.