Anonymous wrote:Anonymous wrote:People don't like to be reminded that their lives are subsidized by someone else. Really messes with the whole narrative of "success."
This is very true. I once pointed this out to a friend and he was pissed off at me.
Anonymous wrote:People don't like to be reminded that their lives are subsidized by someone else. Really messes with the whole narrative of "success."
Anonymous wrote:Anonymous wrote:Those grandkids and grandparents are so lucky! How incredible... this is what we ought to be doing! Having multiple generations in one house and having our kids learn from the wise ones.
People came to the US from Europe because they were sick of dynastic wealth hoarding and all the issues this caused throughout society and economy.
The US now has perpetual trusts, so the same malaise that affects Europe is settling into the United States as we become a "mature" country with a landed aristocracy (and their short-term rental empires).
Anonymous wrote:Those grandkids and grandparents are so lucky! How incredible... this is what we ought to be doing! Having multiple generations in one house and having our kids learn from the wise ones.
Anonymous wrote:Anonymous wrote: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
[headdesk]
Feudal does not mean what you think it means.
Lol. A "feudal system." This is hilarious.
Anonymous wrote:Man, some of these replies are brutal. Never question where rich kids get their nice things, I guess.
Anonymous wrote: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
[headdesk]
Feudal does not mean what you think it means.
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.
I don't know...I find this situation much more palatable than the family that just gets a big parent handout to buy a home.
In theory, this family is caring for the elderly parent so it solves a major problem for the elderly parents...which honestly will be a problem for basically anyone. The horror stories of parents at "great" assisted living/nursing homes are plentiful, while the stories of families having to accept that in-home nurses/caregivers will steal from their parents are also common.
Not sure what it is you are angry about in this situation.