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Porsche-O-Phile Porsche-O-Phile is offline
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Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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Young adults living at home

Too damn expensive for young people nowadays.

I'd rather see them socking money away in a 401k than paying rent on some schitehole apartment just so they can "be independent". Or pay down / off their student loans before getting a place of their own. Either way those choices will benefit them way more in the long term IMHO than forcing them to eke out a poverty-level existence for a few years for no good reason than ritualized hazing / rite-of-passage by adults. I really don't care if they live back here for a few years if they're doing one or both of those things and cementing a good financial footing for themselves - I believe the support of family includes getting them on as good of a lifelong financial footing as possible - nothing whatsoever to do with enabling laziness (I'd never stand for that!)

I'd be more than happy to house them for a few years - it means that my purchase of my own home ends up creating more wealth and value overall - not just for me but for my kids. Why not get more mileage out of it and do them some good by it?

Of course if they expect to sit around and do nothing and live for free it's a different situation entirely but I don't foresee that happening.

I see the notion of kicking kids out at 18 years of age "just because" as doing them a disservice if they're expected to pay overpriced rent, health insurance, student loans and what-not while trying to save up for a down payment on a home, much less even think about retirement... How is that ever realistically going to happen? It's hard enough to imagine doing it on my salary and I'm 20 years out of college making good money as a professional! I can't imagine how difficult it is for a young person to get on any kind of footing in today's world with so much stacked against them. Maybe they'd rise above but I think 99.9% of kids - even smart and dedicated ones - would fail and not be able to avoid becoming debt slaves given those kinds of challenges (high living expenses and crummy starting salaries + few if any benefits - the norm now)
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Last edited by Porsche-O-Phile; 11-30-2014 at 07:25 PM..
Old 11-30-2014, 06:53 PM
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