Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m not surprised those who participate in this kind of arrangement jump to defend it. Entitled people tend to not see or care about the larger macro issues here - this directly contributes to shortage of housing supply which continues to drive up prices, making it all the more unaffordable for those who do not come from generational wealth.

This is why certain neighborhoods in DC and around - many already identified here like CCDC and CCMD - are insufferable. Full of old boomers and their entitled children.

Wait, so you think they should sell the family home, send the elders to a nursing home and the young family to an apartment across town where they will rarely see Grandma, all so you can buy their family home? Who's entitled here?

And how does this family living in one home instead of two create a housing shortage?

If we are talking about CCDC and CCMD PP is referring to people who own more than one house, and instead of selling, they give the other house to their kids for free or subsidized “rent.” Intergenerational living is another matter and quite rare in these wealthy, predominantly white DC neighborhoods. More common in Asian families.

I live in CCMD in a desirable school district and two families are like this. There was a house that for many years was basically abandoned. Owned by an older couple in CCDC who are wealthy enough to not have to sell. Eventually they fixed it up and gave it to the kids to live in. The other house was given to adult children after parents decided to downsize and moved into an expensive condo in FH. So yes, situations like this contribute to the low supply esp in good school districts. Properties stay in the same family as opposed to going on the market and allowing new families to enter - some of which will be like OP who get no parental help, others buy with help.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m not surprised those who participate in this kind of arrangement jump to defend it. Entitled people tend to not see or care about the larger macro issues here - this directly contributes to shortage of housing supply which continues to drive up prices, making it all the more unaffordable for those who do not come from generational wealth.

This is why certain neighborhoods in DC and around - many already identified here like CCDC and CCMD - are insufferable. Full of old boomers and their entitled children.

Wait, so you think they should sell the family home, send the elders to a nursing home and the young family to an apartment across town where they will rarely see Grandma, all so you can buy their family home? Who's entitled here?

And how does this family living in one home instead of two create a housing shortage?

If we are talking about CCDC and CCMD PP is referring to people who own more than one house, and instead of selling, they give the other house to their kids for free or subsidized “rent.” Intergenerational living is another matter and quite rare in these wealthy, predominantly white DC neighborhoods. More common in Asian families.

I live in CCMD in a desirable school district and two families are like this. There was a house that for many years was basically abandoned. Owned by an older couple in CCDC who are wealthy enough to not have to sell. Eventually they fixed it up and gave it to the kids to live in. The other house was given to adult children after parents decided to downsize and moved into an expensive condo in FH. So yes, situations like this contribute to the low supply esp in good school districts. Properties stay in the same family as opposed to going on the market and allowing new families to enter - some of which will be like OP who get no parental help, others buy with help.

Are these families as detestable as this thread would suggest?

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:I’m not surprised those who participate in this kind of arrangement jump to defend it. Entitled people tend to not see or care about the larger macro issues here - this directly contributes to shortage of housing supply which continues to drive up prices, making it all the more unaffordable for those who do not come from generational wealth.

This is why certain neighborhoods in DC and around - many already identified here like CCDC and CCMD - are insufferable. Full of old boomers and their entitled children.

Wait, so you think they should sell the family home, send the elders to a nursing home and the young family to an apartment across town where they will rarely see Grandma, all so you can buy their family home? Who's entitled here?

And how does this family living in one home instead of two create a housing shortage?

If we are talking about CCDC and CCMD PP is referring to people who own more than one house, and instead of selling, they give the other house to their kids for free or subsidized “rent.” Intergenerational living is another matter and quite rare in these wealthy, predominantly white DC neighborhoods. More common in Asian families.

I live in CCMD in a desirable school district and two families are like this. There was a house that for many years was basically abandoned. Owned by an older couple in CCDC who are wealthy enough to not have to sell. Eventually they fixed it up and gave it to the kids to live in. The other house was given to adult children after parents decided to downsize and moved into an expensive condo in FH. So yes, situations like this contribute to the low supply esp in good school districts. Properties stay in the same family as opposed to going on the market and allowing new families to enter - some of which will be like OP who get no parental help, others buy with help.

Anonymous wrote:

Anonymous wrote:I’m not surprised those who participate in this kind of arrangement jump to defend it. Entitled people tend to not see or care about the larger macro issues here - this directly contributes to shortage of housing supply which continues to drive up prices, making it all the more unaffordable for those who do not come from generational wealth.

This is why certain neighborhoods in DC and around - many already identified here like CCDC and CCMD - are insufferable. Full of old boomers and their entitled children.

Wait, so you think they should sell the family home, send the elders to a nursing home and the young family to an apartment across town where they will rarely see Grandma, all so you can buy their family home? Who's entitled here?

And how does this family living in one home instead of two create a housing shortage?

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:

Anonymous wrote:This can be a win-win for families with elderly parents. Cheaper than paying for care when parents can still help, and cheaper for elder care when parents need help.

We have 3 families that have had a middle aged son move in, but in these cases the men are all divorced and 2 have health problems with the elderly parents providing the support.

Right? What does OP have against intergenerational living. It used to be the norm and for good reasons.

Anonymous wrote:

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.

I used to think that but I’m not sure that the county will be same if the council and the planning department have their ways. We bought a vacation house in another county that we might eventually retire to with the idea that we’d let the kids live in our current house later, maybe with another addition, but it’s looking more likely as if we’d just split it up into some multiunit monstrosity and rent it all out. The kids can just have the income to use to live elsewhere and the equity to borrow against.

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

Agree. So beta

Anonymous wrote:I’m not surprised those who participate in this kind of arrangement jump to defend it. Entitled people tend to not see or care about the larger macro issues here - this directly contributes to shortage of housing supply which continues to drive up prices, making it all the more unaffordable for those who do not come from generational wealth.

This is why certain neighborhoods in DC and around - many already identified here like CCDC and CCMD - are insufferable. Full of old boomers and their entitled children.

Anonymous wrote:This can be a win-win for families with elderly parents. Cheaper than paying for care when parents can still help, and cheaper for elder care when parents need help.

We have 3 families that have had a middle aged son move in, but in these cases the men are all divorced and 2 have health problems with the elderly parents providing the support.