Anonymous wrote:Gross! People are living in your neighborhood and they can't actually afford it? So disgusting. Make sure you don't let your kids play with their kids. Living in your parents house in an expensive "elite area" like the ones you name is cheating. Gross, gross, gross.

Seriously, make sure you protect your kids by not allowing them to play with those kids. And if you see that family at the CC? Well, they are surely cheating with that -- clearly they couldn't afford the dues if they weren't "living at home."

Ugh. Only people who can afford the down payment on a 2M home -- right this minute -- should be able to live in those areas. Is there an HOA? Maybe you could petition them? Find a way to get rid of these freeloaders?

Anonymous wrote:I will never sell my house in MoCo. When we retire, I will keep the house and have one of my adult children live in it. Financially it doesn't make sense to sell.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gross! People are living in your neighborhood and they can't actually afford it? So disgusting. Make sure you don't let your kids play with their kids. Living in your parents house in an expensive "elite area" like the ones you name is cheating. Gross, gross, gross.

Seriously, make sure you protect your kids by not allowing them to play with those kids. And if you see that family at the CC? Well, they are surely cheating with that -- clearly they couldn't afford the dues if they weren't "living at home."

Ugh. Only people who can afford the down payment on a 2M home -- right this minute -- should be able to live in those areas. Is there an HOA? Maybe you could petition them? Find a way to get rid of these freeloaders?

Yes they can’t afford it. Not only because they are freeloading for their living situation but also because the CC gives offspring an enormous discount. It brings the whole club down.

You aren’t a member of a CC are you? The children of members, who are able to take advantage of a discounted rate, have been spending time at that club their entire life with their parents. They learned to swim there. Discovered a love of golf. Made lifelong friends there. The discounted rate is almost like an extension of the family membership they have been a part of since childhood. And you? You are the outsider. If anyone “brings the whole club down” it is you.

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: 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:I've been living close to downtown Bethesda for more than 10 years, know hundreds of people from elementary, middle and high schools in the area because my kids are older teens, and NO, this is not a common occurrence, OP.

Why are you so obsessed with other people's living arrangements? We have no family help or high salaries, yet I have zero issues with the people who do. DH and I will be the generation who helps their children. If you have money, you'll do the same for your children. See how that works? Why is it a problem when others do it, but not when you do it?

Your jealousy is making you really stupid.

Anonymous wrote:That’s what happens with restricting housing supply via zoning and giving tax breaks for homeowners. It creates this perverse feudal system of land ownership

Taxing the land properly fixes this

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

You found me. Our family is living in CCMD in a house that's been held in the family for decades. It's in a good location that will only increase with value, and so the family has no intention of selling it. We've rented and owned our own places before, but we chose to live there to save and be closer to parents, without actually living with them. Our HHI is $300-500K and we "pay rent" (below market rate).

For the most part, this arrangement is a win-win-win. We benefit from saving more of our take home income and reduced need for childcare outside the family. Our parents enjoy having us closer to them and watching the kids. And the family is happy to have someone living in the house and taking care of it.

We plan to move out in a few years, when we'll have enough saved up to move where we want to outside
the DMV.

I thought the irs was quite picky about not allowing paying below market rent to relatives?

I'd be shocked if this was even on the IRS's radar, particularly if we are talking about retirees and W2 income (ie, fairly simple taxes).

The only way the IRS nails someone on this is if they are already doing lots of shady stuff with their taxes - phony deductions, fake businesses, no-show jobs for relatives, etc.

I don’t think this would even matter for anything except the owner would still need to treat it as a personal residence for tax purposes?

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:

Anonymous wrote:

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.

You found me. Our family is living in CCMD in a house that's been held in the family for decades. It's in a good location that will only increase with value, and so the family has no intention of selling it. We've rented and owned our own places before, but we chose to live there to save and be closer to parents, without actually living with them. Our HHI is $300-500K and we "pay rent" (below market rate).

For the most part, this arrangement is a win-win-win. We benefit from saving more of our take home income and reduced need for childcare outside the family. Our parents enjoy having us closer to them and watching the kids. And the family is happy to have someone living in the house and taking care of it.

We plan to move out in a few years, when we'll have enough saved up to move where we want to outside
the DMV.

I thought the irs was quite picky about not allowing paying below market rent to relatives?

I'd be shocked if this was even on the IRS's radar, particularly if we are talking about retirees and W2 income (ie, fairly simple taxes).

The only way the IRS nails someone on this is if they are already doing lots of shady stuff with their taxes - phony deductions, fake businesses, no-show jobs for relatives, etc.