Anonymous wrote:Giving your married daughter $350K and then having that kind of control on the ownership is weird. Must be nice but what do you think her husband thinks about this.

It makes sense when you think about the annual gifts they can give them without having to do a gift tax form.

15k from mom to dd
15k from mom to dd's dh
15k from dad to dd
15k from dad to dd's dh
=60k of the home ownership investmemt of 350k given each year

Anonymous wrote:The exception to the one year approach would be if he had student loans to pay off. He could stay at home an extra year or two and aggressively pay the student loans off.

I highly doubt OP’s kid has student loans—-they have maid service and a 7500 sq ft house! But if he did I’d totally supporting him living at a home for a bit to save money and I’d help the kid pay them off.

Anonymous wrote:He should live at home. When I got out of college and started working, all the people I worked with lived at home. I moved out with people I should not have been living with. I did not know them well and could not really afford to live on my own. My dad is crazy and I did not want to stay with him. But if I lived near my mom, I would have stayed at home. He belongs at home. Maybe at some point he may want his own apartment, just make sure it is a nice safe place for him.

So, do you coddle your child forever? Maybe go ahead and raise the grandkids too. Why raise children if you're not going to let them be fully functioning adults? Are you going to attend their evals with them at work?

This has to be one of the most bizarre threads I have seen, and takes helicopter parenting to a whole new level.

The exception to the one year approach would be if he had student loans to pay off. He could stay at home an extra year or two and aggressively pay the student loans off.

I’d give him one year to save his money, buy a car and then he would need to find a place to share with young professionals his own age.

Giving your married daughter $350K and then having that kind of control on the ownership is weird. Must be nice but what do you think her husband thinks about this.

He should live at home. When I got out of college and started working, all the people I worked with lived at home. I moved out with people I should not have been living with. I did not know them well and could not really afford to live on my own. My dad is crazy and I did not want to stay with him. But if I lived near my mom, I would have stayed at home. He belongs at home. Maybe at some point he may want his own apartment, just make sure it is a nice safe place for him.

OP, I don't think there is anything wrong with letting your son continue to live in your house while he builds his nest egg. I would encourage you however, to make sure that he learns to handle all of the basic elements of being an adult. He should NOT be having housekeeping provided by your housekeeper. He needs to either learn how to cook, clean, and manage his home himself, or he needs to pay out of his own pocket for someone to do it. I think you are making his life too easy and that you are doing a disservice both to him and to any future spouses/ living partners.

Anonymous wrote:

Anonymous wrote:He's 22, he shouldn't be thinking of a spouse right now anyway.

True

I think it’s great he’s staying home.
He is starting a new chapter of his life, and obviously wants to do well at work. Starting at $95 K straight out of undergrad college is definitely not the norm.
I personally don’t think it’s only about the money.
Once he feels stable at work, he will probably reevaluate the situation. He’s lucky to have the option of staying at home.

Anonymous wrote:He's 22, he shouldn't be thinking of a spouse right now anyway.

True

He's 22, he shouldn't be thinking of a spouse right now anyway.

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Anonymous wrote:You have a good son OP. Be happy.

No. Her son is smart enough to keep milking the cow. Good, no. Good people go off on their own, make good de usons and bad, and experience life. At best, her son will be a kind hearted douche bag who doesn't know better. At worst, an arrogant POS who doesn't understand that he was born with a silver spoon and give every advantage in life, who posts about how his immigrant parents did it with nothing and craps on the AA community.

+1

Obnoxious PPs. What is wrong with you? You don't know her son.
He is young, 22. Yes, is a good son and smart.
I bet he is a sweet kid too.

Hi OP/sock puppet! I bet OP’s son went to a $50k/yr college and lived at it. Not doing THAT would’ve been “smart.”

I'm not OP. Just because you don't like my post doesn't mean I'm OP.
You can check with moderator for my IP if you like - I'm not in the U.S. OP probably is.
*Do you say judgemental things in real life or just on the internet?

You literally said “don’t talk about someone you don’t know” and then said (as if you know him!) “He is a good son!” Hypocrite

More judgement - again because you are anonymous on the internet.
That's not "literally" what I said at all.
The kid is 22, why can't you be supportive and look for the positive instead of trying to bring people down.
Terrible comments from you, inferring things that were not in the OP's post.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You have a good son OP. Be happy.

No. Her son is smart enough to keep milking the cow. Good, no. Good people go off on their own, make good de usons and bad, and experience life. At best, her son will be a kind hearted douche bag who doesn't know better. At worst, an arrogant POS who doesn't understand that he was born with a silver spoon and give every advantage in life, who posts about how his immigrant parents did it with nothing and craps on the AA community.

+1

Obnoxious PPs. What is wrong with you? You don't know her son.
He is young, 22. Yes, is a good son and smart.
I bet he is a sweet kid too.

Hi OP/sock puppet! I bet OP’s son went to a $50k/yr college and lived at it. Not doing THAT would’ve been “smart.”

I'm not OP. Just because you don't like my post doesn't mean I'm OP.
You can check with moderator for my IP if you like - I'm not in the U.S. OP probably is.
Do you judgemental things in real life or just on the internet?

Weird flex but ok

PP you are very immature.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You have a good son OP. Be happy.

No. Her son is smart enough to keep milking the cow. Good, no. Good people go off on their own, make good de usons and bad, and experience life. At best, her son will be a kind hearted douche bag who doesn't know better. At worst, an arrogant POS who doesn't understand that he was born with a silver spoon and give every advantage in life, who posts about how his immigrant parents did it with nothing and craps on the AA community.

+1

Obnoxious PPs. What is wrong with you? You don't know her son.
He is young, 22. Yes, is a good son and smart.
I bet he is a sweet kid too.

Hi OP/sock puppet! I bet OP’s son went to a $50k/yr college and lived at it. Not doing THAT would’ve been “smart.”

I'm not OP. Just because you don't like my post doesn't mean I'm OP.
You can check with moderator for my IP if you like - I'm not in the U.S. OP probably is.
Do you judgemental things in real life or just on the internet?

Weird flex but ok

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You have a good son OP. Be happy.

No. Her son is smart enough to keep milking the cow. Good, no. Good people go off on their own, make good de usons and bad, and experience life. At best, her son will be a kind hearted douche bag who doesn't know better. At worst, an arrogant POS who doesn't understand that he was born with a silver spoon and give every advantage in life, who posts about how his immigrant parents did it with nothing and craps on the AA community.

+1

Obnoxious PPs. What is wrong with you? You don't know her son.
He is young, 22. Yes, is a good son and smart.
I bet he is a sweet kid too.

Hi OP/sock puppet! I bet OP’s son went to a $50k/yr college and lived at it. Not doing THAT would’ve been “smart.”

I'm not OP. Just because you don't like my post doesn't mean I'm OP.
You can check with moderator for my IP if you like - I'm not in the U.S. OP probably is.
*Do you say judgemental things in real life or just on the internet?

You literally said “don’t talk about someone you don’t know” and then said (as if you know him!) “He is a good son!” Hypocrite