Son is moving out

[Theoak*]

Good thinking man just did this for both of mine as well. Two condos downtown both walking distance. I’m renting both with a 5% cap rate. Home ownership doesn’t happen here for people until mid thirties. This way I can get them out quicker but safely and have a little influence on their paths they choose.

My properties are also placed under a family trust, so although he will own what I pass down, there will be 0 to no chance of a woman taking him to the cleaners.  Goes without saying for any kids we have in the future. 

[Humble Narcissist]

The OAK, POWER, and a couple other GetBiggers said it damn right!

If your kids are 21 or less ... they most likely never will be able to buy a home of their own due to today's high real estate prices.

In the 1950's a $12,000 San Francisco home in the Sunset district is now close to a million plus!

And that's most likely true in every major US city.

If you are a federal employee today in the SF Bay Area ... it's most likely that you could not buy a home close to yur place of employment ... so you'll end up driving an hour or more just getting to work on time.

In order to live in a your own homme somewhat close to your place of employment you'd have to pay $700,000+ to be within 60 to 90 minutes of the city.

This situation has been a Hawaii problem for a good number of years where many family members live together in one home in which they inherited from their grandparents.

So you can expect your kids to join the homeless population unless you solve this problem before it happens.

Hawaii is somewhar unique in that 'homeless camps' are situated reght next door to multi-million dollar condos.

Maybe Pellius can shoot some pictures of the present Ala Moana Beach  (Park) situation which will show us what we'll all be faceing in less tan 10 years from from now.

Foreign investment in the State of Hawaii is one of the main causes of this dier situation.

Maybe Pellius can elaborate ... but it's too damn late to solve this homeless problem!

It's just gonna get worse!

Look at Mumbai!

Don't live in a major U.S. city and you solve the problem.  Anyone who pays that much for a house is an idiot.

[Primemuscle]

He’s almost 23. I’d be happy with 35...lol

Well you never know, he could be back at anytime. One of my grandsons who is 22 years old moved out last year. He was on his own for maybe three months before he moved back with his pregnant fiancee. My other grandson is in his mid 20's. He lives in Germany where it is not uncommon for kids to live at home until they are older. He has never moved out. He has a studio apartment with a separate entrance in the daylight walkout basement of his parents home. 

[Dave D]

Well you never know, he could be back at anytime. One of my grandsons who is 22 years old moved out last year. He was on his own for maybe three months before he moved back with his pregnant fiancee. My other grandson is in his mid 20's. He lives in Germany where it is not uncommon for kids to live at home until they are older. He has never moved out. He has a studio apartment with a separate entrance in the daylight walkout basement of his parents home. 

That's interesting but the real question is are they sexual?

[IRON CROSS]

That's interesting but the real question is are they sexual?

 

They must be proud of Saggys glory holes 'achievements'.

[Atlas pump]

How does one even have a mature lifestyle living with there parents. I couldnt imagine having to bring my girlfriend to a bedroom in there house while my parents and sisters roam around. The lack of privacy and freedom alone would be enough incentive to move out



After a certain age it doesnt feel right to put that pressure on my parents, despite the love between us.  Only reason I could otherwise see myself living at home is low income, followed by lack of education, and debt. Other then that what good reason does a grown educated man have for living at home?

[Twaddle]

How does one even have a mature lifestyle living with there parents. I couldnt imagine having to bring my girlfriend to a bedroom in there house while my parents and sisters roam around. The lack of privacy and freedom alone would be enough incentive to move out



After a certain age it doesnt feel right to put that pressure on my parents, despite the love between us.  Only reason I could otherwise see myself living at home is low income, followed by lack of education, and debt. Other then that what good reason does a grown educated man have for living at home?

That's a little harsh, don't you think?  Maybe Coach's son pays him rent?  Maybe he's saving up money for a house?  There are many logical reasons, why he's still living at home. 

[Atlas pump]

I am referring to those in there late twenties an older.


Early twenties is a kid. Most people are still figuring out how to use there cocks, never mind graduating and having there first entry level job.

[Twaddle]

I am referring to those in there late twenties an older.


Early twenties is a kid. Most people are still figuring out how to use there cocks, never mind graduating and having there first entry level job.

I see.

[deadz]

I was out of my parents house permanently by 20. I see a lot of kids in their mid 20's + living with mommy and daddy, sad. My son was born with a Trust in his pocket, he's set. Probably won't need it, going to do big things in this World.   

[Primemuscle]

How does one even have a mature lifestyle living with there parents. I couldnt imagine having to bring my girlfriend to a bedroom in there house while my parents and sisters roam around. The lack of privacy and freedom alone would be enough incentive to move out



After a certain age it doesnt feel right to put that pressure on my parents, despite the love between us.  Only reason I could otherwise see myself living at home is low income, followed by lack of education, and debt. Other then that what good reason does a grown educated man have for living at home?

One reason grown, mature children move home is to help care for their elderly or ill parents. At the point when a parent needs to be in an assisted living situation, It might be more cost effective and comfortable for the elder to remain in their home. It is a sacrifice few children are willing to make for their parents, at least in the U.S. It is more commonplace in many other countries.

[deadz]

One reason grown, mature children move home is to help care for their elderly or ill parents. At the point when a parent needs to be in an assisted living situation, It might be more cost effective and comfortable for the elder to remain in their home. It is a sacrifice few children are willing to make for their parents, at least in the U.S. It is more commonplace in many other countries.

My parents worked hard and they now have 24/7 care with a care center a few steps from their condo . Only asshole parents would burden their children.

[Atlas pump]

It's more important now then ever for our parents to help us make it in todays fast paced economy.


Most of my friends who are doing well had education funds from there parents along with help on down payments for a house. Which seems like the reality now andays for generation snow flake.


That and I noticed a lot of tradesmen who graduated high school and went into a unionized trade. Most have there own house by 25. A frequent trend I noticed is most work in the city but commute and live on the outer skirts where houses are affordable.



For those that dont fall into these two categories. Most are screwed over my post secondary education debt, rent and a mixture of living with there parents until they can afford a house as they all say. Seems to be the common snowflake reply to why they are almost thirty living at home nowadays.

Parents who pay for there childs education will be leaps ahead of most.  Coach is a good parent in this regard. This is a huge burden that strongly effects most people once they hit the real world with 50,000k debt.

[Dave D]

One reason grown, mature children move home is to help care for their elderly or ill parents. At the point when a parent needs to be in an assisted living situation, It might be more cost effective and comfortable for the elder to remain in their home. It is a sacrifice few children are willing to make for their parents, at least in the U.S. It is more commonplace in many other countries.

Most people aren’t qualified to properly care for an adult who should be in an assisted living home.  But I understand your point.

[Coach is Back!]

That's a little harsh, don't you think?  Maybe Coach's son pays him rent?  Maybe he's saving up money for a house?  There are many logical reasons, why he's still living at home. 

I’ve never asked him nor would I ever ask him to pay rent and he pays himself about $70k per year.

[AbrahamG]

I’ve never asked him nor would I ever ask him to pay rent and he pays himself about $70k per year.

I feel the same way.  My kids are welcome to stay home for as long as they like so long as they are productive members of society and respectful of their parents.  Save as much $ as they can so when they do move out they have a nice cushion.

[pellius]

I’ve never asked him nor would I ever ask him to pay rent and he pays himself about $70k per year.

So you don't mind supporting him as an adult as long as he wants to?

One of the issues with men today is the problem of arrested development. Men just don't grow up like they use to a couple of generations ago. Part of being a man is being responsible for yourself. The idea of an adult making 70 grand a year still living rent free and supported by his parents would have just been embarrassing when I was his age.

I think it speaks well of your son that he wants to be out on his own and take care of himself.

[Humble Narcissist]

So you don't mind supporting him as an adult as long as he wants to?

One of the issues with men today is the problem of arrested development. Men just don't grow up like they use to a couple of generations ago. Part of being a man is being responsible for yourself. The idea of an adult making 70 grand a year still living rent free and supported by his parents would have just been embarrassing when I was his age.

I think it speaks well of your son that he wants to be out on his own and take care of himself.

But a person making $70,000 a year with no rent or bills if they saved the money would be financially secure for life in just a few years.  At that point I doubt they would care what anyone else thinks.

[Bevo]

SF1900 works at autozone and does pretty well, him and Rory seem to be living pretty good

[AbrahamG]

SF1900 works at autozone and does pretty well, him and Rory seem to be living pretty good

I think SF1900 received a healthy severance package when he left Sears and or Roebucks.

[pellius]

But a person making $70,000 a year with no rent or bills if they saved the money would be financially secure for life in just a few years.  At that point I doubt they would care what anyone else thinks.

Of course, things are very easy when someone else is footing the bill. And it's not so much what others think of you but what you think of yourself. That's the issue nowadays. People are very comfortable having someone else take care of them rather than they take care of themselves.

There's something to be said for, "roughing it" in your early years.

[SF1900]

SF1900 works at autozone and does pretty well, him and Rory seem to be living pretty good

Rory makes more than I do, so he is the breadwinner.

[SF1900]

I think SF1900 received a healthy severance package when he left Sears and or Roebucks.

I spent all of my severance package.