Forum Discussion
rockhillmanor
Sep 08, 2013Explorer
CKNSLS wrote:rockhillmanor wrote:
I don't think ANYone should ever have to apologize for going full time because they had children college bound or not. Not everyone in the world (in fact it is the majority now a days) could and/or can afford to finance a college eduction for their children. There are grants/loans up the wazoo and many many many kids have benefited from these being available to them to further their education on their own.
I get a kick out of people who point fingers at those retiring, purchasing an RV and choosing to travel. Claiming that they are bad parents and what a waste of money buying an RV, yada, yada, yada.
These are the same people who have purchased homes way larger than they need to impress loaned up the wazoo, new luxury cars every year in the driveway again to impress, used their homes as a piggy bank to borrow money for their toys they buy year after year after year. They pay and pay and end of dieing paying.
So just who IS really the one that is making bad investments? The one who 'dies' with the most toys in debt up to their eyeballs or the person who planned for retirement, has no mortgage, ample income and thoroughly enjoying their golden years debt free? :C
Depends what are of the country you live in as to whether an inheritance will actually help your children buy a house or other necessities. Go on Realtor.com and check home prices in suburbs outside Chicago,Check anywhere decent to live in Southern California such as Irvine, Tustin, Mission Viejo, Chino Hills and other locations along the East coast. Those are not Kansas real estate prices. Your going to need 100K to close the deal.I'm sure not many of our kids have that laying around.....a few do-not many.
When kids are of the age to be able to buy a house I would sure hope they are still NOT under the WINGS of their parents finances. Parents job is to raise a child to be able to go out on their own. Then it is up to them to get a job etc. Certainly NOT the parents job to support them for the rest of their lives.
If a kid that is grown and looking for his or her first house? If they do not have the money to put down, pay cash and/or credit to buy a $100,000 house then they have not worked and saved as they should have period.
I have to admit from what I am seeing with the newer generation of parents is that none of their kids have a clue about life and/or how to survive in it. Welfare, food stamps, etc statistics pretty much shows where the next generation is going to end up.:C
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