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Because as I explained before, it isn't really free, it's being a leech. If you care about your parents you don't want to sabotage their retirement while limiting your job options to commuting distance of your parents' home, which would have destroyed me long ago had I done it. I'm 29.
Yes, I make $28k on a grad stipend. That is no excuse to leech off my parents or limit my career to my home state. They owe me nothing and worked hard for their retirement.
Well, a grad stipend is not a career, but what does their retirement have to do with it? If you had found suitable employment near your parents' home, how would living with them harm their retirement?
You can't even afford a house so no wonder you're pro renting. Probably don't even have 5 figures of net worth
Wrong again. Net worth WELL into the five figures, I can buy a condo/house in cash in parts of Michigan and the South but I don't live there now. If only I find a job in one of those places...
Well, a grad stipend is not a career, but what does their retirement have to do with it? If you had found suitable employment near your parents' home, how would living with them harm their retirement?
Why do you assume people who live with roommates are somehow living on the edge of poverty? If you spend $800 a month to live alone in a low COL area or $800 to live with roommates in a high COL area, you're still spending $800.
A slightly more realistic view is $800 per month to live alone in a low COL area or $2,000 with roommates in a high COL area such as San Francisco or Manhattan.
AC isn't needed anywhere (remember: this is an economics forum, and in economics there is no such thing as a "need" -- only "wants and desires.")
I used to spend $600/month in the summertime on my Bay Area PG&E electric bill, including AC & swimming pool. Unfortunately, that house had two-story floor-to-ceiling glass walls on the southern exposure and part of the western exposure with no roof overhang to shade the family room.
What would be best would be something like a fund that invests in a number of startups so you could diversify and spread risk. Kind of like Venture Firms do themselves..they don't put all their money into one company they also spread it around.
You or I can invest in a venture capital fund that does this. I have some money in a VC fund. Again, this type of investment isn't appropriate for everyone (very risky), and even so only appropriate for a tiny slice of your portfolio.
A slightly more realistic view is $800 per month to live alone in a low COL area or $2,000 with roommates in a high COL area such as San Francisco or Manhattan.
Um... You think each kid is paying 2K a month to share a place? When DD lived with 3 roommates, the total rent was $3,600. Divide that by 4 and she paid $900 a month. 20 somethings living with roommates in places like Boston or NYC are not renting something for 8K a month. Nor are most 20 somethings in lower COL areas plunking down 2K for their first apartment.
Explain please. You appear to be talking about a different situation than the normal presumption of an adult child simply continuing to live in the house he lived in while growing up.
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