do their fathers get Prima Nocta too???Yeah, duh!
When our youngest daughter is 20, I will be 65, and my husband will be 69.
Also, I don’t understand why we’re “alarmed” that some older adults are delaying retirement, given the nation’s underreported but growing issue with pension underfunding.
Millennials, Gen-Z expect parents to help pay for first home, according to survey
Well then, you better commit to taking care of them in their old age...
My folks didn’t make this offer and I’m not going to make this offer.
This is what happens when parents do not teach kids responsibility when growing up. This is why they are for socialism.
That is not surprising. My wife is still paying her daughters and SILs rent, car costs, and his tuition. They are both in their 30s. Of course the alternative is they could move in here (once I ran out of ammo.) So, coincidentally yesterday, DIL said they were thinking of buying a house rather than paying rent! When my wife got off the phone, I pointed out they can do what they want once they have the down payment and a job because the gravy train is out of fuel: no down payment, no cosign, no paying mortgages, NADA. I pointed out to her that she is subsidizing them with the intent they will become self sufficient when his latest career path gets going. When he graduates, his job pay will somewhat exceed our help plus benefits they get so in effect, he will get an income cut. Encouraging them that a house is right around the corner without assistance is not going to happen frankly because we cannot financially afford to keep this up without going into debt to do so. Perhaps I need get Dave Ramsey’s advice!!
I have to laugh. How pathetic.
do their fathers get Prima Nocta too???That’s why I do lawn maintenance and pool maintenance, so I can pay for my own house. My Deplorable parents will help me, but I think if you want to be independent, you shouldn’t have parents buy it...
Not mine. All moved out by 20, one was 18.
All living independently.
We have loaned them money for education etc but told them long ago we’re not paying their way.
I have no sympathy for the parents of these societal parasites. It's nobody's fault but theirs.
“Make my downpayment or I’m NEVER leaving your basement!”
It’s blackmail, I tell ya...
Loaning money to our kids IS part of our retirement strategy. They are the best bet in town and we charge them higher than market interest (but with flexible terms).
The downside for us is that they pay back the loans quickly, the high interest is a motivator.
We took over my son-in-laws student loans. He and my daughter paid back $60,000 in three years.
Some of the millennials these days are so mentally screwed up the parents are afraid to allow them to leave.
My daughter is 19 and a freshman in college. My agreement with her is that I will get her through her first 4 years of school. She has to pay for the last two and then once she graduates and starts really working, she can support me in the lifestyle to which I have become accustomed!
I figure it’s only fair!
I paid for their first home. The one they grew up in. They are welcome to stay and pay their share.
If they want to own their own house, it’s all on them.
I can understand the incentive for parents with their grown children still living at home...
This may be wrong or offensive but it is nothing new at all.
I know of many boomers whose parents kicked in on down payments and cosigned back in the 70s when interest rates were so high. I also know many who kicked in for college for the grand children in the 90s. I always marveled at this. First that they could and would do it and second that the children would let them.
Never could and never would were the terms I had.