Fireman said:

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Lots of good posts on this thread - the only thing to add, is the rate of inflation in the past few years is hard for many to grasp, as a $1mm home ain't what it used to be. I know the home I bought in 2016 has doubled in value and is likely approaching one million or more.

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We built in 2010. 4,000sf custom home on 1 acres all-in for about 650. Most recent appraisal is 1.4

I spoiled my kids and they are both hard workers now.

I think that a lot of it is genetics.

I learned a long time ago to not look into other people's wallets. Growing up my parents made little money, we'd sleep in the same bed some in the winter when they couldn't afford propane, eat noodles, get friends old clothes, etc. But, I learned watching them that hard work is necessary. My mother held a job and worked hard around the house my dad worked his full time job and then as many part time jobs as he could handle. When I was in high school they made a bit more money and bought me a truck (used ranger) but gas, dates, extras were on me that forced me to work as a high school kid and learn what it takes to earn money.

I also have friends who's parents weren't struggling and who didn't work in high school and they are good hard working people. Their parents were also good hard working people.

I think the best thing a parent can do (within this context) is show their kids the value of hard work and having integrity in the work that you are doing.

As a parent I would/will gladly help my children get a leg up in their young adult lives so they can have the opportunity of being more well off than we were growing up. But I'd rather put family first and get to see my sons and their kids than putting me first by buying some monstrous RV and hit the links multiple times a week. That's another lesson I learned from my hard working parents.

I was raised on a dairy. I needed no further incentive to develop a strong solid work ethic. When I was 19.5 years old I was out on my own moving from the outback to San Antone.......bought my first house @ 22. Retired @ 60.
I know, I know....things were different in 1969 and todays 20 year olds don't have the advantages that I had......blah blah blah blah blah

Ginormus Ag said:

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How do you know they don't have a work ethic just because their parents bought them a house?

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Based off 2 kids that work at my company and had parents buy them houses, they won't have good work ethic.

Rattler12 said:

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I was raised on a dairy. I needed no further incentive to develop a strong solid work ethic. When I was 19.5 years old I was out on my own moving from the outback to San Antone.......bought my first house @ 22. Retired @ 60.
I know, I know....things were different in 1969 and todays 20 year olds don't have the advantages that I had......blah blah blah blah blah

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Thread title made me think this thread would be about " my dementia ridden father I have to sponge off when he soils himself" not looking forward to thank, but will do it.

**** that. When they get old enough,I'll pay someone to sponge them off.

Most of the time I see it as the rich parents are too lazy to drive to the suburbs or other ****ty areas that their kids can afford, so they supplement their house purchase in a neighborhood near them. They also become favorite grandparents due to proximity.

Tumble Weed said:

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I spoiled my kids and they are both hard workers now.

I think that a lot of it is genetics.

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So did zoes who bombed zee moon. Ver are your papers?

If I had sufficient financial resources to purchase homes for both my children without placing my own retirement in jeopardy, I certainly would.

At the end of the day, it is simply none of our business what a person whom you have no personal or familial relationship with does for their kids. It does not affect you, adversely or otherwise. Why would any one of us care if someone else's kids make anything of themselves in life?

Ocho Ag said:

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My Uncles neighbor just sold their 1.3MM house to a 26 & 27 year old couple(parents have money and bought them a house), do rich people just spoil their kids now a days?

How is this any different than some broke millennial living in a basement playing video games all day

Is work ethic gone?

End of Rant


https://www.businessinsider.com/millennials-living-at-home-as-an-adult-2023-1

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IDGAF as long as it doesn't personally affect me or my kin

Carmine Scarpacio said:

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Ocho Ag said:

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born on third base and think they hit a triple

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Anyone born in the United States with health and an average IQ was born on third base.

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The English did have to ship a lot of people to 3rd base though.

Including some of my ancestors who were transported to Georgia.

Best friend from HS has a similar story.
2 DWIs, never earned more than $35K with his degree from t.u.

But, lives in the nice part of Round Rock due to inheritance. Cracks me up when he and his wife spew all their liberal talking points about the corporations, Republicans, etc.

Their whole existence is propped up by inheritance from a Grandfather who was a penny pinching doctor

BigRobSA said:

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HollywoodBQ said:

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Ocho Ag said:

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My Uncles neighbor just sold their 1.3MM house to a 26 & 27 year old couple(parents have money and bought them a house), do rich people just spoil their kids now a days?

How is this any different than some broke millennial living in a basement playing video games all day

Is work ethic gone?

End of Rant


https://www.businessinsider.com/millennials-living-at-home-as-an-adult-2023-1

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You posted two completely different concepts.

The kids who were gifted the house still have to look after the upkeep and maybe even pay the taxes.

The kid who lives with their parents is probably responsible for cleaning their room and probably doesn't even do that.

Is it the sticker price you're unhappy about? Because I'm about two months away from putting my 1250 sq. ft. post-war house on the market for about $1.2M.

Hopefully there will be a couple looking for a nice small home who will pony up that kind of cash so I can move my ass to Texas. I'm looking for a step up from some of the single wides and double wides I lived in growing up.

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We have enough of you island Mexicans here!

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You're just jealous because my town was founded in the 1700s.

Ocho Ag said:

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Im not surprised the liberal reaction on here thinks this is normal and good for society to give your kids whatever they want. The parents on here will then say their snowflake child pulled themselves up by their own bootstraps

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Since you're a rook or a sock, I hope the lib comment wasn't directed at me. I'm a Saudi Arabia level conservative.

HollywoodBQ said:

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BigRobSA said:

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HollywoodBQ said:

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Ocho Ag said:

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My Uncles neighbor just sold their 1.3MM house to a 26 & 27 year old couple(parents have money and bought them a house), do rich people just spoil their kids now a days?

How is this any different than some broke millennial living in a basement playing video games all day

Is work ethic gone?

End of Rant


https://www.businessinsider.com/millennials-living-at-home-as-an-adult-2023-1

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You posted two completely different concepts.

The kids who were gifted the house still have to look after the upkeep and maybe even pay the taxes.

The kid who lives with their parents is probably responsible for cleaning their room and probably doesn't even do that.

Is it the sticker price you're unhappy about? Because I'm about two months away from putting my 1250 sq. ft. post-war house on the market for about $1.2M.

Hopefully there will be a couple looking for a nice small home who will pony up that kind of cash so I can move my ass to Texas. I'm looking for a step up from some of the single wides and double wides I lived in growing up.

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We have enough of you island Mexicans here!

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You're just jealous because my town was founded in the 1700s.

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SA was founded in 1731.....1718 if you count the first mission

Mixed emotions. My cousins are trust fund kids, trips to Europe, etc, very liberal. One of them did work hard and become a doctor, so doesn't need the money, but worldview is still screwed up.

My wife and I are conservative, she's the spender I'm cheap as hell. She grew up low middle class, my father was a physician, although split that with a bunch of kids and private school was the really only "luxury" thing my parents spent on us.

My daughter will grow up pretty well off if my career holds, I've just got to keep her in check. My wife is the one who spoils her. As long as she's a good kid I will allow her to be spoiled some, if she's got a relationship with Jesus I'm good with that.

Honestly...what other people want to do with their money is none of my damn business.

Pumpkinhead said:

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Honestly...what other people want to do with their money is none of my damn business.

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Agreed…some people are just mad their family isn't rich.

Picard said:

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Wait until they discover the concept of property taxes! Should be fun.

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And insurance.

Alternative view: "I'd rather give it to you from my warm hand than my cold, dead one."

If my mom wanted to hook me up with a house, why would that make me a sponge?

Seems like OP has some momma issues of his own.

Im a 30 year man, and ive been around the block longer than most of you. I know what spoiled looks like and by God many of you do it to your own. I didnt with my kids and they have become more successful than I could have ever imagined.

Wealth gained hastily will dwindle, but whoever gathers little by little will increase it. Proverbrs 13:11

You have the wrong person chief

A "30 year man" with grown kids... ok

Son, you dont want to go down that road

Ok, "chief".... lol

Such a sad shtick.

Just a reminder that Gen y & z didn't just turn out crappy on their own. They were enabled by their parents, who didn't act like real parents. It's OK to tell your kids 'no' and to give them expectations and hold them accountable. It's what parents do.

Ag Traditions said:

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They sold their $350K house for $1.3KK?

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Sold my $590k house for $1.3M, can't imagine paying that much to live in it.

I don't think some of you understand how completely screwed up the market is right now due to the housing supply pinch. I'm finishing up a home purchase right now. 2200 SF, great backyard, decent but wholly unremarkable interior, out in the burbs because it's cheaper... We'll be paying 560k with a 6.0% mortgage rate (only available because of excellent credit scores). Throw in utilities, HOA, insurance, and tax, and all in monthly cost will be 3600-3800, and that's with ~24% down. Add in money for groceries, student loans, gas, karate lessons, private school tuition/home school materials (nearly all public schools suck now), the occasional meal out, and all the random stuff that life throws at you (vet/pediatrician appointment, water heater breaks, etc.) and we're easily looking at 7-8k/month post tax just to live paycheck to paycheck with zero savings.

Where TF is somebody in his late 20s with a wife and 2-3 kids supposed to find that money for a first house? If my kid was in that situation, I'd happily pitch in some serious cash for his down payment to bring down his monthly. Better that than having my family live in a dangerous part of town just so I can beat my chest and tell myself that he's making his own way. If you're not willing to do that then what the hell is the point of your money?

Rattler12 said:

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HollywoodBQ said:

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BigRobSA said:

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HollywoodBQ said:

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Ocho Ag said:

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My Uncles neighbor just sold their 1.3MM house to a 26 & 27 year old couple(parents have money and bought them a house), do rich people just spoil their kids now a days?

How is this any different than some broke millennial living in a basement playing video games all day

Is work ethic gone?

End of Rant


https://www.businessinsider.com/millennials-living-at-home-as-an-adult-2023-1

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You posted two completely different concepts.

The kids who were gifted the house still have to look after the upkeep and maybe even pay the taxes.

The kid who lives with their parents is probably responsible for cleaning their room and probably doesn't even do that.

Is it the sticker price you're unhappy about? Because I'm about two months away from putting my 1250 sq. ft. post-war house on the market for about $1.2M.

Hopefully there will be a couple looking for a nice small home who will pony up that kind of cash so I can move my ass to Texas. I'm looking for a step up from some of the single wides and double wides I lived in growing up.

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We have enough of you island Mexicans here!

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You're just jealous because my town was founded in the 1700s.

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SA was founded in 1731.....1718 if you count the first mission

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Maybe so, but Fort Morrow>>>>>>>>>>>>>>The Alamo and I'm SA trash.